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?

**Maor Shlomo** (0:00)
From all things in the industry, I think the margins are the least thing that I'm worried about. We're taking into consideration that the prices of model will go down towards zero. Me personally, I don't believe we'll hit a speed bump. I don't think also we'll hit like a wall with like the improvements of LLMs. Even with existing models, we're only scratching the surface of economic value that you can create. If a one-person team can get sold for $80 million, without people, it means that you'll be able to do a lot more stuff with very like less people.

**Harry Stebbings** (0:32)
This is 20VC with me, Harry Stebbings and Base44. What an incredible story. Base44 is the story of one entrepreneur who in just 18 months went from an idea to millions in revenue, an incredible customer base and selling to Wix, the public company, for $80 million. Today, Maor, Base44's co-founder, joins me in the hot seat to discuss the truth behind the economics of vibe coding. Are the margins as bad as people think? What is the future of models? And so much more. This was an incredible discussion. Let me know your feedback, harry at 20vc.com. But before we dive into the show today, are you drowning in AI tools? Chat GPT for writing, Notion for docs, Gmail for email, Slack for comms, and you're constantly copy pasting between them all, losing context and losing time. This is the AI productivity tax, and it's killing your output. At 20VC, we're all about speed of execution, and Superhuman is the AI productivity suite that gives you superpowers everywhere you work. With the intelligence of Grammarly, Mail, and Coda built in, you can get things done faster and collaborate seamlessly. Finally, AI that works where you work, however you work. Superhuman gets you from day one with zero learning curve, and it's personalized to sound like you at your best, not like everyone else using generic AI. Get AI that works where you work, unlock your superhuman potential. Learn more at superhuman.com/podcast, that's superhuman.com/podcast. And speaking of tools that give you an edge, that's exactly what AlphaSense does for decision making. As an investor, I'm always on the lookout for tools that really transform how I work, tools that don't just save time but fundamentally change how I uncover insights. That's exactly what AlphaSense does. With the acquisition of Tegus, AlphaSense is now the ultimate research platform built for professionals who need insights they can trust, fast. I've used Tegus before for company deep dives right here on the podcast. It's been an incredible resource for expert insights. But now with AlphaSense leading the way, it combines those insights with premium content, top broker research and cutting-edge generative AI. The result? A platform that works like a supercharged junior analyst, delivering trusted insights and analysis on demand. AlphaSense has completely reimagined fundamental research, helping you uncover opportunities from perspectives you didn't even know how they existed. It's faster, it's smarter and it's built to give you the edge in every decision you make. 20VC listeners don't miss your chance to try AlphaSense for free. Visit alphasense.com/twozero to unlock your trial. That's alphasense.com/twozero.
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**Maor Shlomo** (4:19)
You have now arrived at your destination.

**Harry Stebbings** (4:22)
Neil, it is great to have you on the show, dude. I've been so looking forward to this one. I'm a fan of Base44. What a freaking journey. Thank you for joining me.

**Maor Shlomo** (4:30)
Thank you for having me. I'm a fan of 20VC.

**Harry Stebbings** (4:33)
Dude, that's very, very kind. It is an ego flattery will get you everywhere, and I'm very susceptible to it. I was chatting to Michael Eisenberg before this show, and he said, dude, you've got to start with acquired for 80 million bucks. Why did you decide to sell before we get to anything else?