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I don't think that distinction changes how much each of them is worth relatively to each other.

Achieving $300M ARR in 1 year is extremely extremely impressive regardless of churn or any other metrics really (assuming reasonable numbers). Being valued at $9B because of it doesn't seem out of line.

I'm skeptical of Cursor and not using Cursor myself. I actually use IntelliJ because I write Java.

Cursor's valuation is not unreasonable. But somehow you phrase it like $9B valuation for the fastest growing company that achieves the highest revenue per employee in the history of modern civilization is out of whack somehow.



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