Jaeden Schafer

In November, lovable had a bunch of criticism.

There's some reports that came out that said they'd not been paying value added tax, which applies to a lot of goods and services in the EU.

Their CEO confirmed the issue on LinkedIn saying that they would get back to it and you know,

pushed back against the claims that the EU tax policy makes their region really inhospitable for high growth startups.

So I mean, on the one hand, yes, they are like sort of this anomaly out of Sweden.

On the other hand, they really did get kind of roasted by the

by some of these tax things, but he still defends the area.

So good for him.

Obviously, this is a really popular industry.

Vibe coding is getting more and more adoption.

VCs are putting a ton of money into this.

Cursor is another really high profile company, which is sort of in the space, but it's more for developers.

They raised $3.2 billion in November at a $29 billion valuation.

So just like lovable, that made it the second funding round that cursor did this year.

And the valuation doubled between June and November.

So obviously this sector, this space for vibe coding, whether it's no code for non coders or for developers is growing incredibly fast and is, you know, printing a ton of money.

And I think anytime that you let people build tools that can let them generate money, they'll spend a ton of money on it.

And I think this is kind of the unlock that both Cursor and Lovable have discovered.

So exciting to follow both of these companies into the future and a huge congratulations to everyone on the Lovable team.

Thank you so much for tuning into the podcast.