The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 97 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 7 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Lemkin: Strategic Arms Race M&A Waves Are Likely a VC Myth
“A couple of times I've said on the other side, I don't know that it creates such a strategic arm race that everyone just gets picked off instantly. That, that might be a VC partial myth.”
Stebbings: AI developer tools like Cursor remain dramatically underpriced
“So no, I don't at all for Cursor or for any of the dev tools. I think it's still dramatically underpriced. When you look at Mark Benioff spending three hundred million on Anthropic, it's 3.7% of developer salaries. I think that's relatively small.”
Lauritsen: Claude and Cursor generate over 50% of Legora's code
“Actually, I took a look recently, and it's Claude and Cursor on the top, and there's like, I think it's like two percent between them. So they are really, really close. And then it's, you know, miles above the next engineer. So they're way above 50%.”
Lauritsen: Compute deficits force AI coding tools into harmful vertical integration
“Obviously they don't have enough compute. They can't train their own models. They probably have to train their own models. It's I just think it's a shame that the industry is, is vertically integrated in that way.”
Feldman says Jensen Huang overrode Nvidia lawyers to adopt AI tool Cursor
“I think what's happening is the leaders are tipping. I think even Jensen told a story that, that he was battling with his own internal lawyers around the use of, I think it was cursor, and finally he just decreed. We're gonna do it. And I think I got that righ…”
O'Driscoll: Cursor deal would be the largest private venture acquisition ever
“If this deal closes in three months, This is the biggest ever privately held venture acquisition, period, full stop, end of story.”
Clements: Cursor cloud agent accounts for 35% of merged PRs
“You know, the cloud agent product, which was new as of like October 30th, so it's only been in market for three months, is now responsible for 35% of merged PRs in cursor.”
Clements: Cursor's AI agent product usage grew 15x last year
“The agent product grew 15 X last year.”
Clements: 90% of Cursor users are daily active agent users
“90% of cursor users are daily active users of the agent product.”
Calacanis: 60-70% of Cursor model calls use Anthropic's API
“Apparently, 60 to 70% of Cursor model calls are still using Anthropix API, okay?”
Calacanis: Barclays approved Cursor as its first agentic AI coding tool
“Barclays had just rolled them out. Okay. That was the first agentic coding product that was approved at Barclays.”
Lemkin: Anthropic generates roughly $1B annually from Cursor
“Right now, it's great for Anthropic to get an extra billion or so a year from Cursor.”
Tunguz: Cursor will retain 75% of its users in five years
“And so as long as they're able to continue to grow, I bet they hold on, I don't know, five years from now, 75% of their audience.”
Casado: Every Single Company I Work With Uses The Cursor AI Assistant
“I would say every company I work with uses cursor, right?”
O'Driscoll: 100% of developers will buy AI coding assistants
“A hundred percent of developers are going to buy a tool like Cursor, like Winsor, because that's how development is done now, like GitHub.”
Stebbings: Cursor Is Raising Funding at Reported $28B Valuation
“I mean, Cursor are raising more money now, and I think it's a reported twenty eight billion dollars. Just going to your point on like the escape velocity that this 0.00001% have being so much more than ever before.”
Harries: Traditional PMs Will Shift Into Growth or Product Engineering
“Yeah, I think PMs move to either growth, so you combine the PM role with marketing, and depending on your size and how strong your engineers are, you do more or less of the PM, or many PMs will actually move towards product engineering, which is they're somewh…”
O'Driscoll: Microsoft Open-Sourcing VS Code Signals Relative Weakness
“If you were the developer behemoth, which was Microsoft, the fact that you have to do this now to remain relevant at a zoom out level, This is a sign of relative weakness, not absolute weakness.”
Hacker: Duolingo PM built initial chess course prototype using Cursor
“He was able to build this first version just using cursor and a bunch of AI tools. And the prototype is what convinced us that we should do this.”
Lemkin: VCs in Cursor's $10B round would sell for $30B
“I guarantee you the VCs at the ten billion dollar round will take a quick three X.”
Lazarte: Benchmark participated in a funding round for Cursor
“So we made, like we participated in one round of cursor.”
Podjarny: Easiest AI tools fit workflows without needing complete user trust
“When you think about AI solutions as a whole, if I think kind of broader mental framework, the solutions that are easiest to adopt right now are the ones that really don't require any change in how you work today, and they just provide you with some magic, and…”
Lemkin: Runner-Up Startups Get Acquired When Number One Is Taken
“That's how number two and number three get bought. Not because there's a panic for land grab, but because I didn't get what I wanted, right? That, that, that's when you got to be really thoughtful as number two because that that's when you get bought as number…”
Lin Qiao: Almost all AI coding startups now fine-tune custom models
“In coding space, Cursor probably is one of the pioneers starting to tune their model, and now almost all coding companies tune their own models.”
Stebbings: Cursor Hit $4B Valuation, Targets $6B By Year-End
“Cursor has hit four billion, and it's targeting six billion at the end of the year.”
Adam Foroughi: AppLovin Engineers Mainly Use Cloud Code, With Declining Cursor Usage
“Most people are on Cloud Code. Codex is utilized as well, and Cursor less of these days.”
Masad: Enterprise customers rarely replace AI coding tools unless they fall behind
“Cursor has done well at enterprise sales. And enterprise is a very sticky customer and once they adopt something, it has to really fall tremendously behind, perhaps like GitHub Copilot, in order for people to replace it.”
Clements: AI coding leads other verticals due to quick and durable value
“The reason that I think coding has become like the vertical in AI is because it shines on both dimensions. Like you can start using cursor in an afternoon and by that evening, like you're 10 times more productive. The time to value is very short. And then the …”
Clements: Cursor has 2x more agent users than tab autocomplete users
“There are two times more people using agents in cursor than using the tab feature.”
Jerry Murdock: Cursor will pivot strategy toward autonomous AI agents
“Now, my view is, yeah, well, but that team is really smart. They've got a lot of money and a lot of customers. They've got time to embrace autonomous agents, which is what I think they'll do. And they've got shots to pivot and figure out what the next directio…”
Tunguz: AI coding assistant Cursor operates with just 30 total employees
“You don't have a lot of ESOP dilution because total employee count is 30.”
Frosst: Cursor outperforms internal Cohere coding setup right now
“Right now? No, no, no, no. Cursors built a good product. Like, they built, you know, they've done really good UX stuff, and it's cool.”
Mignot: Workflow-integrated AI tools achieve significantly higher user retention
“Especially if it's inserted inside their workflow, you know, Cursor is a good example, you know, we've made a bunch of those type of investments, then in all likelihood, even if the numbers didn't show it yet, in all likelihood, the stickiness of that product …”
Kansu: Cursor sees higher internal adoption and output than Windsurf at Duolingo
“Because internally at Duolingo, I'm seeing way more usage and way more creation come out of Cursor.”
Mohan: Cursor succeeded early by prioritizing high-quality UI/UX
“I think for them just actually, I think they took a really good approach on building high quality UI UX. And that actually proved to be what people really loved. And I think that's like very impressive that they were able to do this right off the bat.”
Duolingo pays for any employee AI productivity tool without mandates
“We don't mandate. Duolingo is surprisingly egalitarian and bottom up, and we just say, use AI tool or use whatever makes you more productive, and we pay for it.”
O'Driscoll: Lowering entry pricing for AI tools is shrewd upsell strategy
“Having tiers of pricing where you get lots of people using the base product and then escalating steps of value as you deliver more value probably is the simplified version of quote unquote value pricing in much the same way as open AI has 2202 thousand. Right.…”
Lemkin: Cursor, Bolt, and Windsurf struggled for years before exploding
“I mean, I know Cursor almost died, right? Bolt almost died, right? And then finally it hit for Cursor. I don't know the whole story of Windsurf. Even Windsurf was Codium before it, right? It wasn't even the same, like everyone talks about Windsurf. 90 days ago…”
Nayak: Harvey PMs Build Product Prototypes Using Cursor and Claude
“PMs on my team create prototypes all the time using cursor or using a Claude to show, you know, show their ideas.”
Stebbings: Cursor recently raised funding at a $9.6 billion valuation
“Cursor obviously just raised, I think it was a 9.6 billion dollar valuation.”
Lemkin: RevenueCat doubled internal productivity using Cursor AI tools
“I, there's no question that I mean, RevenueCat, we're both an investor, did an analysis recently, and they got about 50%, two extra productivity using AI tools, about two extra productivity using Cursor and Codip.”
UiPath CEO Daniel Dines praises Cursor AI as a beautiful product
“But I've got really inspired by stories like Cursor AI. And my development team loves that product. It's a beautiful product built on the top of multiple LLMs, but just, it just works.”
O'Driscoll: Anthropic reaffirmed continued model supply to Cursor
“I also think Anthropic reaffirmed that they're happily continuing to supply”
Cursor is the most widely used AI tool among Shopify designers
“Inside of Shopify, the cursor is by far the most used tool in the design group.”
Mercor engineers rely heavily on Cursor, Claude Code, and Cognition
“Like, the amount of utility that our engineers get from Cursor and Cloud Code and Cognition is incredible, and same thing for-”