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Replit’s Amjad Masad on the Cursor deal, fighting Apple, and why he’d rather not sell
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Amjad Masad has been building Replit for a decade, but the last 18 months have been something else entirely.
Key facts
- If they spend $100,000 a month with Replit, they’re usually generating $2 million, $3 million, $10 million in some kind of return — He did that, and he made $20 million in the first year
- Amjad Masad has been building Replit for a decade, but the last 18 months have been something else entirely
- The team were talking about creating a billion software creators back in 2018 at YC, and people sometimes laughed at that dream
Summary
At TechCrunch’s sold-out StrictlyVC event in San Francisco on Thursday night, they covered a lot of ground in a short time, beginning with the question everyone in the industry is asking right now: in a world where rival Cursor is reportedly in talks to be acquired by SpaceX for $60 billion, is Replit also bound to sell? For them at Replit, partly because they target a different customer set, they've been able to run the business more rationally. Their audience tends to be mostly non-technical users who previously haven’t been able to create any software. The reporter would assume you are talking with potential acquirers all the time; it’s your fiduciary responsibility. The team have amazing partners, and they sometimes bring up these topics.