Shawn Wang: belief

Transcript context

…Yeah, so the, the interesting about cursors, they actually for, you know, a small fraction of the cost, a hundred of the costs or less. Developed an almost soda model, which for a period of time was the most popular coding model in the world. Right? Which is really crazy to think about. So I think they’re just kind of doing it in reverse, right? So there, there, there’s two approaches. You start with a foundation model and then you verticalize up, or you start with the app and all of the product data and you go down and they’re the ones that are doing that. I think any company that’s doing an app has to ask the margin question. Mm-hmm. Which is like, how, how do I extract margin on, on, on the tokens that are going through? Like, everybody has to be on the token path and everybody has to ask that question. And I’ve just thought they’ve been incredibly thoughtful about it. And one reason is, is if you ask. You know, Michael, what type of company are they are a developer company for professional developers. That’s what they’re, they’re a Devrel tools company. They’re just focused on coding. And that’s a hu I mean, even if you didn’t do ai, that’s a ma. You know, they, they, they, um, they acquired graphite. I mean, like, you know, listen, we were investors in GitHub, like we know how big this market is. So that’s a massive market, even without becoming a model company. But they’ve also been quite successful in doing their own models. And so I think it just shows you that if you. Are focused, you have a large use case. There’s a huge opportunity not only to get the application, but to start building your own models. Are these gonna be the only models we use? Of course not. Um, but you know, they are in a great position to serve great models and they’ve demonstrated that. Yeah. My, my, uh, sort of, uh, thesis, which we’re not gonna have to go into here is actually I think a, um, what I’ve been calling Agent Labs, which are [00:54:00] people who build on top of, uh, all the other models. Yeah.…

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