Supabase Reaches $5B Valuation by Rejecting Million-Dollar Contracts: Discover the Reasons

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Vibe coding is shaking up the tech scene, and it’s not just the big names like Lovables and Replit that are thriving; the startups building their infrastructure are benefiting as well.

Supabase, the open-source database platform that has become the go-to for vibe coding, recently raised $100 million at a staggering $5 billion valuation. This comes just months after securing $200 million at a $2 billion valuation. However, co-founder and CEO Paul Copplestone has a surprising approach: he continually turns down lucrative enterprise contracts from wealthier, demanding clients. His belief is that by sticking to his original product vision, the right audience will find him. So far, this strategy seems to be paying off.

In a recent episode of TechCrunch’s Equity podcast, Julie Bort chatted with Copplestone about Supabase’s growth and its implications for vibe coding, developers, and the established database giants that have long dominated this space.

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