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Hello and welcome to this week's Better Offline monologue.

I'm your host, Ed Citron.

Over on my premium newsletter this week, I reported out a troubling situation with AI-powered

coding environment cursor, maybe a company called Annesphere, who unexpectedly changed their pricing

in the middle of June, as well adding a $200 a month ultra subscription that, well, pissed everyone

off, and pissed off a lot of people for many different reasons, in fact.

For some history, cursor is or was the bell of the ball of the AI industry. They had

$500 million of annualized recurring revenue, which means their highest month times 12,

making them the first high revenue start up outside of Anthropic and Open AI to actually

show growth potential.

There really is no one else to like them out there at this number. I mean, as Alpha Sense,

400 million according to the AI database from the information, but everyone else is pottering

around 100, 200 million ARR and raising far more money. Everyone was really excited about

Cursa. They were growing fast.

Everyone loved them.

And it was because their product allowed you to just build software just by typing stuff.

And engineers liked it and regular people liked it.

Not saying it was good or anything, just that people liked it.

And they liked it because you gave you kind of unrestricted access to all these models to build all this stuff.

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