Episode description
20VC: Lovable on Hitting $17.5M in ARR in 3 Months | Adding $2.1M ARR Every Week | Hitting 85% Day 30 Retention: Better than ChatGPT | The Story of Europe's Fastest Scaling Company with Anton Osika
Episode description
Anton Osika is the Co-Founder and CEO @ Lovable, the fastest growing startup in Europe. With Lovable, you can turn your idea into an app in seconds with just a prompt. After just 3 months, the company has scaled to $17.5M in ARR. They are adding $2M in net new revenue every single week. Even better, Lovable has 85% Day 30 retention rate, making it more retentive than ChatGPT.
In Today’s Episode We Discuss:
03:41 How a Side Project Turned into a $200M Company
05:39 Why Talent is 10x More Valuable Than Experience
08:57 How to Use a Waitlist Pre-Launch to 10x Growth
12:29 How to Master a Public Launch: $0 - $1M ARR in a Week
18:02 Why Raise a Large Seed Round
22:22 How Sustainable is Lovable and AI Revenue
25:22 What are Lovable’s Biggest Threats: Incumbents or Open Source
27:00 Raising Series A: Should You Always Take the Money
27:46 How to Compete in the US from Europe
28:25 Is Europe as F****** as the World Thinks
29:02 Building in Europe vs. Silicon Valley
31:20 The Future of Foundation Models: Who Wins
33:47 Grok vs OpenAI vs Anthropic: Buy and Short
41:37 Quickfire Round: Insights and Reflections