Replit CEO Masad discusses Cursor's $60B deal, independence plans
Original: Replit’s Amjad Masad on the Cursor deal, fighting Apple, and why he’d rather not sell
Why This Matters
Demonstrates different paths for AI coding companies amid consolidation pressures
Replit CEO Amjad Masad discussed rival Cursor's reported $60B SpaceX acquisition talks at TechCrunch event. Masad cited Replit's positive gross margins versus Cursor's negative 23% margins, tracking toward billion-dollar run rate from $2.8M in 2024.
At TechCrunch's StrictlyVC event, Replit CEO Amjad Masad addressed Cursor's reported $60 billion SpaceX acquisition talks. Masad argued independence is viable for Replit due to positive economics, contrasting with Cursor's negative 23% gross margins. Replit has grown from $2.8 million revenue in 2024 to tracking toward a billion-dollar annual run rate. The company targets non-technical users with an end-to-end platform from prompt to deployed applications, including security and database management. Masad reported net revenue retention reaching 300% and gross margin positivity for over a year. He discussed potential legal action against Apple over App Store disputes and possibility of investing in customers.