The speaker believes Cursor executed brilliantly, achieved a perfect exit, and became a model lab after recognizing the economics of the coding-agent business.

“You can't, you can't build a competitive coding agent on top of a thing that costs so much more money and like that's just the reality of it. I mean, Cursor was brilliant. They did it, and then I think that they had a perfect exit and became a model lab because I think they fully realized the economics of it.”