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Cognition (Devin AI) to Acquire Windsurf

cognition.ai

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Re: Cognition (Devin AI) to Acquire Windsurf

#441

Post by Forgeties79 »

nl wrote: post #428
Forgeties79 wrote: post #355

Earlier quoted context omitted.

It looks like their revenue has indeed increased dramatically this year but I can’t find anything saying they’re profitable, which I assume they’d be loudly proclaiming if it had happened. That being said looking at the charts in some of these articles it looks like they might pull it off! I need to look more closely at their pricing model, I wonder what they’re doing differently

Why would they want to be profitable? Genuine question. Profit is for companies that don't have anything else to spend money on, not ones trying to grow.

I guess my genuine question in response is can you tell investors "Please give us billions of dollars - we never plan on being profitable, just endlessly growing and raising money from outside sources"? Unless the goal is to be sold off eventually that seems a bit like a hard sell.

Re: Cognition (Devin AI) to Acquire Windsurf

#442

Post by infecto »

freejazz wrote: post #438
infecto wrote: post #432

Earlier quoted context omitted.

Never heard Vincent to be leading in the legal space but I know vlex is more popular outside of the US so perhaps that’s why. I am not sure why you would think your single anecdote is defensible or evidence to prove much. My perspective is valuations that are going on right now don’t have multiples that are that wild especially if we aren’t compare it to the com bubble.

>I am not sure why you would think your single anecdote is defensible or evidence to prove much. Evidence? Prove? What are you talking about. This is just a discussion between people, not some courtroom melodrama you are making it out to be. >My perspective is valuations that are going on right now don’t have multiples that are that wild especially if we aren’t compare it to the com bubble. Okay, I could be equally r…

I responded in the exact same format as yourself and adding my additional thoughts. If that counts a being rude then were you being rude? I don’t believe in the US market Vincent is considered the best tool. That said I don’t believe a lot of the tools in the legal space that try to do everything are that powerful and the ones on my lens that are going well have focused on specific domains and problems. Even Harvey tried to do too much from the start.

As for valuations, when looking at current VC multiples and equity markets, I don’t see the same bubble from a qualitative perspective. Absolutely there is over hype coming from CEOs in public markets but there is a lot of value being driven. I don’t believe the giants are going to do well, maybe the infrastructure plays will but I think we will see a carve out of a new generation of companies driving the change. Unlike ‘99, I am seeing a lot more startups and products with closer to the ground roadmaps to profitability. In 99 so many were running off of hopes and dreams.

If you would actually like to converse I would love to see your perspective but if all you can be is mad please please don’t respond. Nobody is having a courtroom drama other than what’s playing out in your head.

Re: Cognition (Devin AI) to Acquire Windsurf

#443

Post by WJW »

jarredkenny wrote: post #227
Forgeties79 wrote: post #221

Earlier quoted context omitted.

Have we seen any examples of any of these companies turning a profit yet even at $200+/mo? My understanding is that most, if not all, are still deeply in the red. Please feel free to correct me (not sarcastic - being genuine). If that is the case at some point the music is going to stop and they will either perish or they will have to crank up their subscription costs.

I am absolutely benefitting from them subsidizing my usage to give me Claude Code at $200/month. However, even if they 10x the price its still going to be worth it for me personally.

You would honestly pay 2k a month to an AI tool? Do you not have other costs like a mortgage or rent?

Re: Cognition (Devin AI) to Acquire Windsurf

#444

Post by geor9e »

metalliqaz wrote: post #405
geor9e wrote: post #213

Earlier quoted context omitted.

You're right - AGI would be unfathomable, it would be more productive than a quadrillion earths entirely populated by MIT valedictorians who just drank 2 espressos each. "Multi-billion dollar" would be a silly valuation.

I can't tell if you're joking or serious.

AGI is a distant dream in sci fi novels. Don't confuse it with today's AI technology.

Re: Cognition (Devin AI) to Acquire Windsurf

#445

Post by wizardpisces771 »

ForHackernews wrote: post #275
hn_throwaway_99 wrote: post #219

Earlier quoted context omitted.

"Sooner or later the bubble's gonna burst" and "There's definitely something there" aren't mutually exclusive - in fact they often go together. It makes me perhaps a little sad to say that "I'm showing my age" by bringing up the .com boom/bust, but this feels exactly the same. The late 90s/early 00s were the dawn of the consumer Internet, and all of that tech vastly changed global society and brought you companies li…

I genuinely don't understand what value Cursor itself brings. It's like a wrapper for some APIs, right? As far as I can tell there's like four actual AI firms in the world and everyone else is trying to whitelabel. It reminds me of the hosting industry in the early 2000s.

These four AI companies are nothing more than re-packaging GPUs and training data.

Re: Cognition (Devin AI) to Acquire Windsurf

#446

Post by nl »

Forgeties79 wrote: post #441
nl wrote: post #428

Earlier quoted context omitted.

Why would they want to be profitable? Genuine question. Profit is for companies that don't have anything else to spend money on, not ones trying to grow.

I guess my genuine question in response is can you tell investors "Please give us billions of dollars - we never plan on being profitable, just endlessly growing and raising money from outside sources"? Unless the goal is to be sold off eventually that seems a bit like a hard sell.

> "Please give us billions of dollars - we never plan on being profitable, just endlessly growing and raising money from outside sources"?

The goal for investors is to be able to exit their investment for more than they put in.

That doesn't mean the company needs to be profitable at all.

Broadly speaking, investors look for sustainable growth. Think Amazon, when they were spending as much money as possible in the early 2000s to build their distribution network and software and doing anything they possibly could to avoid becoming profitable.

Most of the time companies (and investors) don't look for profits. Profits are just a way of paying more tax. Instead the ideal outcome is growing revenue that is cost negative (ie, could be possible) but the excess money is invested in growing more.

Note that this doesn't mean the company is raising money from external sources. Not being profitable doesn't imply that.

Re: Cognition (Devin AI) to Acquire Windsurf

#447

Post by TiredOfLife »

t0mas88 wrote: post #399
BiggerChungus wrote: post #147

Earlier quoted context omitted.

You're talking like the founders orchestrated this deal to cognition all along. that's absolutely not the case. they ejected and the remaining executive team dealt with the sale over the weekend.

I can't imagine this deal was done over just the weekend. It takes time to set this up, check the financials etc.

The cognition deal was made literally over a weekend

https://x.com/jeffwsurf/status/1946376139959841084

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