20VC: Base44's Maor Shlomo on How Vibe Coding Will Kill SaaS and Salesforce | Why it is BS that Vibe Coding Platforms Do Not Have Defensibility and Bad Margins | Why He Worries About Google, Not Replit and Lovable | Why Long Anthropic, Not OpenAI?
The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
The Twenty Minute VC
4.4 • 693 Ratings
🗓️ 24 November 2025
⏱️ 72 minutes
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Summary
Maor Shlomo is the Founder and CEO of Base44, the AI building platform that Maor built from idea to $80M acquisition by Wix, in just 8 months. Today the company serves millions of users and will hit $50M ARR by the end of the year. Before Base44, Maor was the Co-Founder and CTO of Explorium.
AGENDA:
00:05 – 00:10: How Vibe Coding is Going to Kill Salesforce and SaaS
00:13 – 00:15: Do Vibe Coding platforms have any defensibility?
00:22 – 00:24: I am not worried about Replit and Lovable, I am worried about Google…
00:28 – 00:29: Margins do not matter, the price of the models will go to zero
00:31 – 00:32: Speed to copy has never been lower; has the technical moat been eroded?
00:47 – 00:48: How does Base44 beat Cursor?
00:56 – 00:57: Do not pay attention to competition: focus on your business
00:57 – 00:58: How Base44 is helped, not hurt by not being in Silicon Valley?
00:58 – 00:59: What percent of code will be written by AI in 12 months?
01:01 – 01:02: OpenAI or Anthropic: Why Maor is Long Anthropic?
01:03 – 01:04: If I could have any board member in the world it would be Jack Dorsey
Transcript
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| 0:00.0 | From all things in the industry, I think the margins are the least thing that I'm worried about. |
| 0:04.4 | We're taking into consideration that the prices of model will go down towards zero. |
| 0:08.8 | Me personally, I don't believe we'll hit a speed bump. |
| 0:11.6 | I don't think also will hit like a world with like the improvements of LLMs. |
| 0:15.4 | Even with existing models, we're only scratching the surface of economic value that you can create. |
| 0:21.8 | If a one-person team can get sold for $80 million without people, |
| 0:27.3 | it means that you'll be able to do a lot more stuff with very, like, less people. |
| 0:32.7 | This is 20 VC with me, Harry Stebbings, and Base 44. |
| 0:36.3 | What an incredible story. Base 44 is the story of one |
| 0:40.3 | entrepreneur who in just 18 months went from an idea to millions in revenue, an incredible |
| 0:47.2 | customer base and selling to Wix, the public company, for $80 million. Today, Mayall Base 44's co-founder joins me in the hot seat |
| 0:57.2 | to discuss the truth behind the economics of vibe coding. Are the margins as bad as people think? |
| 1:04.4 | What is the future of models? And so much more. This was an incredible discussion. Let me know |
| 1:10.2 | your feedback, Harry at 20VC.com. |
| 1:13.5 | But before we dive into the show today, are you drowning in AI tools, chat GPT for writing, |
| 1:19.5 | notion for docs, Gmail for email, Slack for comms, and you're constantly copy pasting |
| 1:25.1 | between them all losing context and losing time. |
| 1:28.7 | This is the AI productivity tax and it's killing your output. |
| 1:32.9 | At 20VC, we're all about speed of execution and superhuman is the AI productivity suite |
| 1:38.4 | that gives you superpowers everywhere you work. |
| 1:41.6 | With the intelligence of Grammally, male and coda built in, |
| 1:45.7 | you can get things done faster and collaborate seamlessly. Finally, AI that works where you work, |
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