Assuming a 10x multiple on revenue, that requires $30M in ARR ($300M/10).
Cursor only needs 83k paying users to hit that ARR.
Github has over 100M users. Copilot has 1M users.
It's a new, growing market.
Meaning, Cursor would need to go from 0 paid users to 83k paid user ... just to justify that raise (and the investors don't even make money then).
Assuming a 10x multiple on revenue, that requires $30M in ARR ($300M/10).
Cursor only needs 83k paying users to hit that ARR.
Github has over 100M users. Copilot has 1M users.
It's a new, growing market.