Replit’s Amjad Masad on the Cursor deal, fighting Apple, and why he’d rather not sell
Replit's Amjad Masad discusses the Cursor deal, Replit's financial health, and their stance on independence versus acquisition.Summary
Amjad Masad, CEO of Replit, addressed industry speculation about a potential sale, contrasting Replit's financial stability with that of rival Cursor. Masad highlighted Replit's gross margin positivity and its ability to serve a broader, less technical user base with an end-to-end platform, which he believes makes independence viable. He also touched upon Replit's strong net revenue retention, reaching up to 300%, and their ongoing dispute with Apple over App Store updates, which Masad claims is due to Apple feeling threatened by Replit's ability to generate iOS apps. Masad expressed a desire to remain independent and emphasized Replit's commitment to security and its growing ecosystem, noting that customers are generating significant revenue through the platform.
(Source：TechCrunch)