Replit CEO Says Company Prefers Independence Over Sale
Original: Replit’s Amjad Masad on the Cursor deal, fighting Apple, and why he’d rather not sell
Why This Matters
Shows divergent business models in AI coding market amid consolidation pressures
Replit CEO Amjad Masad said the company prefers staying independent unlike rival Cursor, which is reportedly in $60B acquisition talks with SpaceX. Replit has grown from $2.8M revenue in 2024 to tracking toward $1B annual run rate with positive gross margins.
At TechCrunch's StrictlyVC event, Replit CEO Amjad Masad discussed the company's preference for independence amid reports of rival Cursor's potential $60 billion acquisition by SpaceX. Masad noted Cursor operates at negative 23% gross margins, making independence difficult, while Replit has maintained positive gross margins for over a year. The AI coding platform has experienced explosive growth, going from $2.8 million revenue in 2024 to tracking toward a billion-dollar annual run rate. Replit targets non-technical users with an end-to-end platform from prompts to deployed applications, including security and database management. The company reports net revenue retention reaching 300% as existing customers expand spending.