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Base44 sells to Wix for $80M cash

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Re: Base44 sells to Wix for $80M cash

#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?

Re: Base44 sells to Wix for $80M cash

#13
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.

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.

Re: Base44 sells to Wix for $80M cash

#14
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.

I can tell you a variation from Bulgaria (Soviet era joke as well).

In the newspapers there were news that Bulgaria sent 8000 personal computers to Japan. On the next day, there was a slight correction published:

1. It wasn’t 8000. But 8000000 2. It wasn’t computers, but jars of marmalade 3. They weren’t sent to Japan, but returned back by Japan

Re: Base44 sells to Wix for $80M cash

#15
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.

Picture of a huge metal nut and bolt on a factory floor, caption: and in one step we fulfill our plan.

I think anyone who was ever measured on LOC and Jira tickets can relate.

Re: Base44 sells to Wix for $80M cash

#17
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?

Probably a bit of everything. It’s good enough, it’s got a growing user base, it’s already there. It is likely profitable. And probably wix can afford it.

Also the founder possibly spent a bunch of his own money it. I mean he hired 7 people already.

Re: Base44 sells to Wix for $80M cash

#18
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 made me laugh. Reminded me of Tim Key's podcast on Daniil Kharms. If you can get it, it's well worth a listen:

https://www.bbc.co.uk/programmes/p03mndbk

Re: Base44 sells to Wix for $80M cash

#20

That is pretty impressive considering even the hottest startups barely reach $100 million in implied valuation within 6 months, let alone cash value. And that’s with far more stacked teams with far better credentials e.g. Perplexity

Don Draper : sell me this pen. Intern: it has a built-in MCP server.
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