20VC x SaaStr: The $60B Cursor Deal, Claude Design Comes for Figma, and Why Rippling’s 78% Growth at $1B Kills the “SaaS Is Dead” Meme (opens in new tab)

With Harry Stebbings, Jason Lemkin, and Rory O’Driscoll This was the week private M&A broke every historical ceiling we had. Cursor sold to SpaceX/xAI for $60 billion, three years after founding, with a $10 billion break clause. That’s nearly double Wiz ($32B) and almost 4x WhatsApp ($16B) in nominal terms. And it happened in a... Continue Reading