Insights on why the AI wave is different, Cursor's rise from $100m to $300m ARR in a few months, thesis for why:
- AI wave is different than the cloud wave
- AI is being bought, while SaaS was being sold, AI products are pulled so they grow faster.
- Data advantage might be the only/ ultimate moat in AI, github copilot had the data, distribution, resources, advantage, but Cursor is still winning due to better UX.
