In this conversation, Shiv Kodak and Charles Zhang dissect Claude Code — Anthropic’s agentic coding assistant that launched in February 2025, and is now, as of November 2025, nearing $1 billion in annual run rate. They explore how Claude Code moves far beyond autocomplete to deliver full end-to-end workflows, powered by a 200K-token context window, Constitutional AI, and multi-agent fleets, while revealing why its true North Star is Weekly Active Users. The discussion dives deep into the strategic moats of scale economies, process power, switching costs and counter-positioning. They also add bold ideas like AI Co-Founder Mode, Claude Marketplace, and Local AI.
Timestamps:
(00:51) Overview of Claude Code
(03:58) Why is Claude Code a billion dollar product?
(04:51) Key metrics for Claude Code
(06:49) Claude Code Product strategies
(11:36) Product execution and go-to-market
(14:19) Ideas for growth: AI Co-Founder Mode, Claude Marketplace, and Local AI
(20:04) Closing Summary
