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Base44 sells to Wix for $80M cash

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31–40 of 122 posts

Re: Base44 sells to Wix for $80M cash

#31
Anyone remotely familiar with Wix should not be surprised by this, or be happy that they are familiar with Wix.

The maintainability of the output of your average vibe coder is going to enormously exceed that of your average Wix site. LLMs are a massive threat to their whole model which relies on increasing levels of esotericism.

Re: Base44 sells to Wix for $80M cash

#32
post #4

8 people team does not look like "solo" at all

Reading the actual article reminds me of the old soviet joke: Q: Is it true that Ivan Ivanovich Ivanov from Moscow won a car in a lottery? A: In principle yes, but: 1). it wasn't Ivan Ivanovich Ivanov but Aleksander Aleksandrovich Aleksandrov; 2). he is not from Moscow but from Odessa; 3). it was not a car but a bicycle; 4). he didn't win it, but it was stolen from him.

This reminds me of Elon Musk, DOGE, and Trump. Where are all the Trump jokes?

Re: Base44 sells to Wix for $80M cash

#33
post #5

Reading that, a successful serial entrepreneur with the money to boot strap a start up, did so. Good luck to him but the 'vibe coded' angle is just his expensive PR team at work I would say.

It says he had a team of 8 developers, I guess those were his coding agents.

Re: Base44 sells to Wix for $80M cash

#35
post #13
post #4

Earlier quoted context omitted.

Reading the actual article reminds me of the old soviet joke: Q: Is it true that Ivan Ivanovich Ivanov from Moscow won a car in a lottery? A: In principle yes, but: 1). it wasn't Ivan Ivanovich Ivanov but Aleksander Aleksandrovich Aleksandrov; 2). he is not from Moscow but from Odessa; 3). it was not a car but a bicycle; 4). he didn't win it, but it was stolen from him.

Genius. Tell us a couple more old soviet jokes! It might be against the HN rules but maybe they will let it slide given the fascination for the Soviet Union here.

https://news.ycombinator.com/item?id=42327376

also

https://en.wikipedia.org/wiki/Russian_political_jokes has some great ones

Re: Base44 sells to Wix for $80M cash

#36

6 month old company (not solo; vibe coding means what here??) sold for 80M. Impressive still.

It's a product that offers a vibe coding service to users. You enter a text prompt for what you want to build (no-code), and it tries to build it.

I don't know if these 8 people vibe coded the vibe coding product itself -- they may have. But in the title the reference to "vibe coder" refers to their product.

Re: Base44 sells to Wix for $80M cash

#37

Selling something at $80M at only six months old is very impressive. I wasn't even able to stand up at this age

To be fair, six month olds are very good at vibing. They can't do much more than that, apart from sleeping and expelling waste.

They do make an impressively loud noise. Piercing yet high volume.

Re: Base44 sells to Wix for $80M cash

#38
post #24
post #12

It's a wrapper for Claude. What's the moat here? Why this and not one of a dozen similar products? Why not reproduce from scratch? $80M would buy you a decent development team and it doesn't seem like these kind of apps are hard to make. Is there something especially good about Base44? Or are they paying for the user base or the time to market advantage?

For us in the back, what is a vibe coding platform anyway? I know and use Claude, if that helps anchoring.

Sorry about the pretentious other reply.

The real answer is that vibe coding is what people are calling it when you just give prompts to an llm and it writes the code for you. So a vibe coding platform is just an app built around that purpose. A conversation window with a a bot that writes code for you, with a bunch of integrations so that it can do things like databases and auth.

Probably would have been quicker to Google it than to ask here though to be honest :>

Re: Base44 sells to Wix for $80M cash

#39
post #23

The reality is they paid for the subscribers, not the code. 250,000 sign ups is a lot. Sounds like they hit a real pocket, I would guess on LinkedIn ads/content. I can imagine a ton of non engineers who doom scroll LinkedIn would easily have signed up for a free account.

On average 320 dollars per line in that registry, over the next five years they'd only need to extract, on average, about five dollars per month from them to break even.

Re: Base44 sells to Wix for $80M cash

#40
post #13
post #4

Earlier quoted context omitted.

Reading the actual article reminds me of the old soviet joke: Q: Is it true that Ivan Ivanovich Ivanov from Moscow won a car in a lottery? A: In principle yes, but: 1). it wasn't Ivan Ivanovich Ivanov but Aleksander Aleksandrovich Aleksandrov; 2). he is not from Moscow but from Odessa; 3). it was not a car but a bicycle; 4). he didn't win it, but it was stolen from him.

Genius. Tell us a couple more old soviet jokes! It might be against the HN rules but maybe they will let it slide given the fascination for the Soviet Union here.

  In a prison cell.
  - what is your sentence?
  - 25 years
  - what for?
  - for nothing.
  - you're lying. The sentence for nothing is 10 years.


It seems Google Translate does pretty good job https://savok-name.translate.goog/anekdoty?_x_tr_sl=ru&_x_tr...
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