OpenAI reaches agreement to buy Windsurf for $3B

>>swyx+(OP)
~$40M ARR makes this a 75x

Cursor yesterday was a 45X for comparison (9B, 200M)

>>bix6+QV
keep in mind a lot of $3B is ClosedAI paper money, so 75x ain't that ridiculous.

>>airjas+BJ1
Do you know the cash / equity split?

>>bix6+kY1
I do know that OpenAI doesn't have 3B in cash to just throw around.

So, I'd be inclined to believe the vast majority of the deal is stock (or whatever that is called pre-IPO).

>>morale+gZ1
oai has PPUs

>>swyx+fl2
I think the PPUs are just for employees but investors get equity?

zlacker