Non-public numbers may as well be pulled out of thin air. WeWork was a $50bn company according to its VC bagholders, and that was marked down by 80% once they released their books to the general public.

Tells me that the markets ability to sensibly valuate companies is pretty messed up.

These aren't public companies, so the values are mostly made up.

or intellij is beyond its peak while cursor is just on the rise

this. valuation is the discounted cash flow of expected future cash flows, not the past successes

What did OpenAI buy for $3B? That's what I'm wondering.

I never did like JetBrains primary product, IntelliJ. It felt clunky even compared to Eclipse for Java, let alone VSCode for … everything. DataGrip is the lone standout imo, but as of the last update I paid for, it didn’t have even basic copilot