Unless you know all the terms the valuation is pretty meaningless. For example if I invest $500 for 1 share of your startup with an extra clause saying that I get the first $500 if you ever sell the company at any price then you could claim I valued you at $500 a share but since I make a profit if you sell the entire company for over $500 you could also I valued you at $0
It's reasonable to believe that the enterprise/B2B market will eventually be larger than Cursor. It is weird to put in that much funding before demonstrated traction though.
But that just raises more questions; why would Cognition be better positioned for B2B? Wouldn't Cursor have an advantage as they already have a foothold in the B2C market? Expanding from there seems a lot easier than coming for B2B directly: Cursor already has mindshare among developers.
The B2B dominance of Microsoft Office can, after all, not exist without B2C Microsoft Office.
They acquired windsurf customers, that would be my immediate thought of real value they gained. I haven’t used Devin, so I can’t talk to much on their platform. Windsurf was great for new people that wanted more vs using online builders. Some people could draw a direct comparison as windsurf and cursor being neck and neck on comparison a few months ago, not so much today.
You might know this already but we are in the middle of an AI bubble.
The valuations are meaningless and that is the massive ponzi scheme that is hoping that another company acquires it for more than the valuation or even better - the founders sell shares onto the secondary market before the company collapses.
Hopin was once 'valued' at $4B - $9B. Clubhouse was once 'valued' at $4B with little to no revenue to back up their valuations or even accounting for the risk of direct competitors.
Given that Anthropic is the supplier AND competitor (with Claude Code) to both Cursor and Devin you will find that unless both of them find a way to enter a new market which doesn't already benefit Anthropic, they are going to find it extremely difficult to justify their valuations.
Unless you know all the terms the valuation is pretty meaningless. For example if I invest $500 for 1 share of your startup with an extra clause saying that I get the first $500 if you ever sell the company at any price then you could claim I valued you at $500 a share but since I make a profit if you sell the entire company for over $500 you could also I valued you at $0
It's reasonable to believe that the enterprise/B2B market will eventually be larger than Cursor. It is weird to put in that much funding before demonstrated traction though.
But that just raises more questions; why would Cognition be better positioned for B2B? Wouldn't Cursor have an advantage as they already have a foothold in the B2C market? Expanding from there seems a lot easier than coming for B2B directly: Cursor already has mindshare among developers.
The B2B dominance of Microsoft Office can, after all, not exist without B2C Microsoft Office.
> why would Cognition be better positioned for B2B?
They bought windsurf and they had b2b customers already?
That being said, they're also the "devin" people, so I'd probably avoid them, like I avoid anything langchain related.
They acquired windsurf customers, that would be my immediate thought of real value they gained. I haven’t used Devin, so I can’t talk to much on their platform. Windsurf was great for new people that wanted more vs using online builders. Some people could draw a direct comparison as windsurf and cursor being neck and neck on comparison a few months ago, not so much today.
You might know this already but we are in the middle of an AI bubble.
The valuations are meaningless and that is the massive ponzi scheme that is hoping that another company acquires it for more than the valuation or even better - the founders sell shares onto the secondary market before the company collapses.
Hopin was once 'valued' at $4B - $9B. Clubhouse was once 'valued' at $4B with little to no revenue to back up their valuations or even accounting for the risk of direct competitors.
Given that Anthropic is the supplier AND competitor (with Claude Code) to both Cursor and Devin you will find that unless both of them find a way to enter a new market which doesn't already benefit Anthropic, they are going to find it extremely difficult to justify their valuations.
VCs are idiots