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Linas Beliลซnas
@linasbeliunas
Connecting & deconstructing all things Finance + Tech. FinTech, Financial Technology, and AI constantly meets here on X & in my daily newsletter๐Ÿ‘‡
๊ฐ€์ž… August 2020
114 ํŒ”๋กœ์ž‰ ์ค‘    13.6K ํŒฌ
All of Cursor's founders - 25-26 years old MIT dropouts - are now multi-billionaires following SpaceX's $60 billion acquisition ๐Ÿ˜ณ Their story remains one of the wildest ones in tech ever: โ†’ 4 MIT students start a side project in 2022 (initially for CAD/mechanical engineering) โ†’ Pivot hard and create Cursor, the AI coding tool that developers love and & helped popularise vibe coding โ†’ Hit a $10B valuation โ†’ Decide copilots arenโ€™t enough, so they move into agentic AI teammates & their own models โ†’ Need massive compute to compete with OpenAI & Anthropic โ†’ Meanwhile xAI is losing the coding race โ†’ Elon realizes catching up could take years, so he skips the line & buys Cursor for $60B โ†’ Cursor gets the worldโ€™s largest GPU fleet and compute, while SpaceXAI gets the coding leader โ†’ Founders become multi-billionaires; the first 50 hires ~$20-500M each This is the beauty of startups at its finest.
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