Amjad Masad

“The AI coding assistant company went from $2.8 million in revenue in all of 2024 to tracking toward what Masad describes as a billion-dollar annual run rate, with net revenue retention reaching as high as 300%.”

“Part of the reporting suggested Cursor has negative 23% margins, and if you're also wanting to invest in training models, that makes it incredibly hard to stay independent.”

“It's kind of hard being an independent, smaller AI company that's building on foundation models, especially if you're burning a ton of cash.”

“Amjad Masad, CEO of Replit — Featured speaker at StrictlyVC's San Francisco evening event.”

“Stripe got popular for this being really good on documentation. If you're building a dev tool for non-developers, you have to go above and beyond on content.”

“Former developer tools builder who contributed to React and React Native at Facebook.”

“Being generative is important because let's say you're a small time entrepreneur, like Peter Levels type of entrepreneur... the products go through cycles... you need to be generative and creative in order to continuously do that. And you can make millions of dollars doing that.”

“Participants: Amjad Masad, Andrew Miklas”

“There's this concept of agent labs, right? We talk about AI labs, but there's agent labs... Our goal is to start with the user problem. What are we trying to fix? What are we trying to build? And walk back to the technology and use whatever model we need to use.”

“We're approaching a certain plateau in how good coding models could get... When you focus on cost is when you reach a certain asymptotic plateau in the S-curve.”

“IDEs, one part where like the code intelligence — we called it intelligence, it wasn't very intelligent. And so all of that is irrelevant.”

“Valued at $9B after a $400M Series D.”

“Gemini is one of the best models at design. I would say our products are better at design using Gemini than Google's products.”

“Intercom talked about their new model that is better at customer support than the frontier models. And so maybe their model is going to be state-of-the-art for three to six months.”

“The agentic revolution was really kickstarted by Replit agents in 2024... Agent V1 in Sept 2024.”

“Firecrown Media, like a $60 million media company that owns magazines, different properties. They've been so successful using Replit for marketing automations... that decided to hire more people that know how to do vibe coding in order to sell more and do more and build more.”

“Jason is someone who wants to work with a very lean team. He's doing more than when he had people on staff.”

“It's now been publicly reported that Apple is sort of blocking the Replit app. Replit has been on the App Store since 2022 doing exactly the same thing... Suddenly they're saying that we are not complying with their guidelines and we've been stuck in app review for now three months.”

“Participants: Amjad Masad, Harry Stebbings”

“Anthropic has been the sort of workhorse for over a year right now. It's like the core agent loop because it can run for a long time coherently.”

“First to market with vibe coding (September 2024) and now shipping parallel agents, built-in design canvas, mobile app deployment, and team collaboration — essentially a full-stack company-building platform.”

“We thought that broadly the AI capabilities have massive step changes twice a year... we want to align our roadmap to AI capabilities. And so every six months, we release a new agent version. And it's an act of predicting what's possible.”

“Whoop is a client of ours. And they told us the amount of ideas they can try has grown by an order of magnitude. They used to get like 100 ideas but are able to only try five of them. But now they can try the 50.”