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Base44 sells to Wix for $80M cash

techcrunch.com

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Re: Base44 sells to Wix for $80M cash

#81

Post by soco »

windowshopping wrote: post #38
soco wrote: post #24

Earlier quoted context omitted.

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…

I could but look at the answers I got - do you think a google would have given the same? I'm much happier this way.

Re: Base44 sells to Wix for $80M cash

#83

Post by throwacct »

tomgs wrote: post #48

I helped out in their recent hackathon - https://base4good.com/ - mentoring folks on the app, and I also admin one of the user groups. I am not a paid member of the team, just an admirer who wanted to get closer to the action. This felt right to me from the first moment, and I'm happy I had a small part in the journey. I met Maor (the founder of base44) and team and had beers with them. Good people. -- Let me clarify…

We're still in the "gold rush" era: The guy and his team sold a company that sells "shovels" in a crowded market. Good for him for capitalizing on this.

Re: Base44 sells to Wix for $80M cash

#84

Post by pavlov »

steveBK123 wrote: post #77

Congrats to the team, but the media coverage is a bit silly here. "Solo unicorn.. well, ok it was $80M not $1B.. and, sure ok it wasn't 1 guy, he had a team of 8.." LOL. Guy lists himself as an "angel investor" and "Forbes 30 under 30" on his Linkedin, so clearly not his first rodeo and has good connections, likely a stronger ingredients than the tech. So you know, not bad money, and I'd certainly take it. But doesn'…

Also, Wix bought this guy with an impressive track record. There might be an earn-out that's not being discussed.

The article mentions that $25M is a retention bonus for those eight employees. (About $3M each — a nice bonus by any standard, but not insane for SV + AI. Presumably that's Wix stock, not cash.)

So the purchase price might be made up of components something like this:

- $30M for the client list

- $25M retention bonus to employees, with standard RSU vesting

- $25M for the founder, with earn-out goals over four years

Re: Base44 sells to Wix for $80M cash

#85

Post by 11101010001100 »

tomgs wrote: post #48

I helped out in their recent hackathon - https://base4good.com/ - mentoring folks on the app, and I also admin one of the user groups. I am not a paid member of the team, just an admirer who wanted to get closer to the action. This felt right to me from the first moment, and I'm happy I had a small part in the journey. I met Maor (the founder of base44) and team and had beers with them. Good people. -- Let me clarify…

The features that Maor was adding every 1-2 days were not novel, just new to base44?

Re: Base44 sells to Wix for $80M cash

#86

Post by michaelscott »

pavlov wrote: post #84
steveBK123 wrote: post #77

Congrats to the team, but the media coverage is a bit silly here. "Solo unicorn.. well, ok it was $80M not $1B.. and, sure ok it wasn't 1 guy, he had a team of 8.." LOL. Guy lists himself as an "angel investor" and "Forbes 30 under 30" on his Linkedin, so clearly not his first rodeo and has good connections, likely a stronger ingredients than the tech. So you know, not bad money, and I'd certainly take it. But doesn'…

Also, Wix bought this guy with an impressive track record. There might be an earn-out that's not being discussed. The article mentions that $25M is a retention bonus for those eight employees. (About $3M each — a nice bonus by any standard, but not insane for SV + AI. Presumably that's Wix stock, not cash.) So the purchase price might be made up of components something like this: - $30M for the client list - $25M ret…

Article claims all cash but sounds like probably with vesting for retention

Re: Base44 sells to Wix for $80M cash

#88

Post by disgruntledphd2 »

billy99k wrote: post #70
skeeter2020 wrote: post #65

Everyone focused on the "vibe-coded, solo-preneur in 6 months" headline is being tricked. First, the details show this is not a "hallucination" but a misrepresentation of the facts, aka a lie. Second - and far more important - Wix did not buy the code output of an LLM, which anyone could easily reproduce, they bought the subscribers, funnel and team that built the business, not the code.

This is the true value of any software-based business, not the code.

Yup. Always worth looking at goodwill on accounting statements post these acquisitions and thinking about how that is often the actual value of a software/tech business.

Re: Base44 sells to Wix for $80M cash

#90

Post by moralestapia »

glimshe wrote: post #13
noosphr wrote: 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.

No fun allowed.

- HN rules.

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