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The real question is how does a startup that offers a terminal as its product command a $280 million valuation and need close to 100 employees?

This announcement is the answer: It's not a terminal any more; it's an IDE.

AIDE

TM

While the value is questionable, it's more than just a dumb terminal, and they have better revenue as a percentage of valuation than Anthropic.

Warp was never Electron-based. It's built with Rust

There was an intermediate step where they introduced AI command generation (super useful). Agentic coding follows naturally from that.

No. Its built atop rust iirc

"Agentic" is vc speak for "perpetual corporate subscription revenue so keep giving us money"