Supabase reached a $5B valuation by rejecting million-dollar deals. The reasoning is as follows.

Supabase reached a $5B valuation by rejecting million-dollar deals. The reasoning is as follows.






Loading the player…

Vibe coding is rapidly transforming the tech landscape, and it isn’t just Lovables and Replits that are thriving. Startups constructing the underlying infrastructure are also reaping significant rewards. 

Supabase, the open-source database platform that has emerged as the preferred backend for the vibe-coding movement, successfully raised $100 million at a valuation of $5 billion, merely months after securing $200 million at $2 billion. However, Paul Copplestone, the co-founder and CEO, employs an unconventional strategy: regularly declining million-dollar enterprise deals from well-funded but challenging clients. He is betting that by remaining true to his product vision, the market will eventually come to him. So far, his approach has been validated.  

In the current episode of TechCrunch’s Equity podcast, Julie Bort engaged in a conversation with Copplestone to delve into Supabase’s growth trajectory and its consequences for vibe coding, developers, and the established database leaders that have historically governed this arena. 

Access Equity through Apple Podcasts, Overcast, Spotify, and all podcast providers. Furthermore, you have the option to connect with Equity on both X and Threads via @EquityPod.