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Jaeden Schafer

πŸ‘€ Speaker
3150 total appearances
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Appearances Over Time

Podcast Appearances

AI in Business
Lovable's $6.6B Valuation via $330M Round

They've done a bunch of great integrations with AI tools so that you can have something like OpenAI running inside and you can actually create a tool that uses AI to generate things for people.

AI in Business
Lovable's $6.6B Valuation via $330M Round

So I think the third party software integrations is really the way that this can shine.

AI in Business
Lovable's $6.6B Valuation via $330M Round

Like, yes, the product is good just from a standpoint of like, you can make pretty designs with it, but now they're gonna make this so it's something that's really functional and useful for teams to actually build tools with.

AI in Business
Lovable's $6.6B Valuation via $330M Round

They're going to expand their enterprise focused features, which I think is a great play.

AI in Business
Lovable's $6.6B Valuation via $330M Round

They're going to add some core infrastructure like databases, payments and hosting to support full scale application development.

AI in Business
Lovable's $6.6B Valuation via $330M Round

And honestly, I think they've already started to do this.

AI in Business
Lovable's $6.6B Valuation via $330M Round

So I think they're just kind of like telling everyone like, look, we're going to do more of this.

AI in Business
Lovable's $6.6B Valuation via $330M Round

But this is already a big focus for them.

AI in Business
Lovable's $6.6B Valuation via $330M Round

The payments is big, right?

AI in Business
Lovable's $6.6B Valuation via $330M Round

Like if you if someone could actually go and build a website, they could charge people for using the tool that you build on there.

AI in Business
Lovable's $6.6B Valuation via $330M Round

All of a sudden, people are able to make money from it.

AI in Business
Lovable's $6.6B Valuation via $330M Round

When it comes to doing a lot of the hosting, that's a really big feature.

AI in Business
Lovable's $6.6B Valuation via $330M Round

Speaking on stage at the Slush conference in Helsinki this year, their CEO, Anton, was talking about this and he said that the company was growing super fast.

AI in Business
Lovable's $6.6B Valuation via $330M Round

And part of this was because of his decision to keep the business headquartered in Sweden, even though everyone told him to move to Silicon Valley.

AI in Business
Lovable's $6.6B Valuation via $330M Round

He said it was tempting, but I really resisted that.

AI in Business
Lovable's $6.6B Valuation via $330M Round

I can sit here now and say, look, you can build a global AI company from this country.

AI in Business
Lovable's $6.6B Valuation via $330M Round

There is more available talent if you have a strong mission and a lot of urgency working together.

AI in Business
Lovable's $6.6B Valuation via $330M Round

So I don't know if it's only successful because it's out of Sweden.

AI in Business
Lovable's $6.6B Valuation via $330M Round

I feel like it may have also been successful out of Silicon Valley, but it is, I think, a phenomenal thing that you don't have to have every AI company in Silicon Valley.

AI in Business
Lovable's $6.6B Valuation via $330M Round

So I really do appreciate that, you know, they're a great example of that.