20VC: Wix's Founder on What Wall St Gets Wrong About AI and Wix | Will Base44 Win the Vibe Coding Wars | The Truth About the Economics of Vibe-Coding | The Buyback Disaster: Lessons Learned with Avishai Abrahami

You're not gonna vibe called Shopify no matter how good you are. Today, we are trading on other companies' news. We're not trading on Wix news. I I really don't care. We make about $400,000,000 a year, okay, in in free cash flow. So we make cash, and we invest about 200 and something million into base 44. We all give too much credit for AI and what it can do. If I would be in the university studying today, I would be terrified. If I'm here, I need to be fully committed to what I'm doing because I've chosen to be here. This is twenty BC with me, Harry Stebbings. Now, it's a tough time for some public company CEOs with the SaaS pocalypse. That is more true for this CEO than almost any other. The Wix market cap is about $2,800,000,000. They are doing 2,100,000,000 in revenue. They have base 44 which is their vibe coding product which is now well over 150,000,000 in air or growing incredibly quickly. And quite frankly, the public markets just incredibly quickly. And quite frankly, the public markets just won't give them a break. Whether it's justified or not, it's been pretty brutal. The buyback has been about as successful as the Titanic voyage and poor Avishai, their CEO is going through it. I wanted to sit down with him and hear how he thought about how Base forty four makes such a big part of their business today and what that looks like moving forwards. How he reflects on the buyback. What public market investors don't see that they should see. This and so much more in what I think is probably the most frank and honest conversation Avishai has had in recent years about the Wix business. But before we dive into the show today, founders face a different set of challenges at every stage of growth. For Sid Shaikh, cofounder and CEO of Dematrice, JPMorgan delivered the guidance and expertise to help navigate what came next. He credits JP Morgan's high touch approach with supporting DemetriX as it grew and expanded internationally. Whether you're in the early days or expanding into new markets, JP Morgan helps startups navigate complexity with real confidence, offering personalized guidance and deep sector expertise. Find out how JPMorgan helps founders at jpmorgan.com forward slash grow without limits. JPMorgan is the bank of the innovation economy. While JPMorgan supports growth, Corgi protects it. My word, what an arresting first line. Get your ass covered with Corgi insurance and I'll tell you why. If you're running a business right now, you already know this pain all too well. Getting insurance, it's really slow, it's confusing, and my word, it's full of paperwork. Well, that's exactly why Corgi is here to change the game. Corgi is the first and only insurance carrier designed specifically for tech companies, allowing you to get covered in minutes instead of days. Corgi provides essential coverages for all growth stages such as …