Say hi to the new Poke! 🌴
Now officially approved by Apple to text on Apple Messages.
As the first and only AI agent. Chat now: https://t.co/VIWYU64dUI
@ItzSuds This reminds me of Adam Neumann and Masa.
He found out Masa was attending a conference in India, did obsessive background research, 'bumped' into him, then gave a deeply personal pitch about shared father issues.
IC, confidants, and consultants said no, but Masa said yes.
Loopt was essentially Find my Friends ++
This has always been a hard business model to monetize as a standalone app
Snapchat, Instagram, and iOS now all have this as an embedded feature within their platforms
Amazing exit for founders. The $6.4B was an all cash transaction in Oct'21, before any AI. Mgmt sold in peak SaaS hype at an ~16x LTM rev multiple (20% growth)
Now, it's hard to prescribe any long term value in incumbent customer experience and employee satisfaction SaaS
Another way to think about this is that the $10B is a breakup fee if SpaceX does not end up buying Cursor for $60B
The nuance here is that $10B/$60B is 17%, where the typical breakup fees are ~5% or less. This is extremely generous and huge for Cursor
Another way to think about this is that the $10B is a breakup fee if SpaceX does not end up buying Cursor for $60B
The nuance here is that $10B/$60B is 17%, where the typical breakup fees are ~5% or less. This is extremely generous and huge for Cursor
SpaceXAI and @cursor_ai are now working closely together to create the world’s best coding and knowledge work AI.
The combination of Cursor’s leading product and distribution to expert software engineers with SpaceX’s million H100 equivalent Colossus training supercomputer will allow us to build the world’s most useful models.
Cursor has also given SpaceX the right to acquire Cursor later this year for $60 billion or pay $10 billion for our work together.