Fredrik Cassel

GP @Creandum. Work w @lovable @Spotify @depop @getKahoot @LindusHealth @modal_labs @fuseenergy @getkive @Virtahealth @KRYcare @Xeneta_AS @Shapr3D @CintGroup

[Fredrik Cassel @_fredrik]

@deedydas great early conviction @deedydas

[Fredrik Cassel @_fredrik]

Amazing work Erik & team Modal.

Proud for @creandum to have been a backer since Seed!

[Erik Bernhardsson @bernhardsson]

Today we're announcing our Series C funding: $355M at a $4.65B valuation, led by some great investors @generalcatalyst and @Redpoint.

We've had insane growth in the last year, but we're still very early. So proud of the team and what we have built so far!

[Fredrik Cassel @_fredrik]

@antonosika Wonderful pic!

[Fredrik Cassel @_fredrik]

@antonosika Beautiful office 💚

[emil @emilahlback]

I'm a founding engineer at Lovable. A year ago we started our enterprise platform from scratch, and grew it to Fortune 500 companies without shipping a single enterprise-only feature.

Here's how:

[Ceci Stallsmith @CeciStalls]

This Sunday. 120 global community-hosted events. Demand beyond what we can meet.

This is a movement, this is our moat, this is job creation in the age of AI.

We're hiring a head of community. It's going to be an insane ride. Who is the person I'm looking for?

[Lovable @Lovable]

Lovable will be free to use for everyone on International Women's Day this Sunday in partnership with @AnthropicAI.

Over 120 in-person events are being hosted across the globe by the Lovable SheBuilds community, and we're live-streaming from the Lovable office.

See more details: https://t.co/XSe3F888qo

[Fredrik Cassel @_fredrik]

@HarryStebbings Love it and would like more time to personally build - my own level remains very superficial.

Better is to get demos from the talented team @creandum

Best is to ask anyone in companies I work with take me through their stack. Really valuable even when most details escape me.

[Fredrik Cassel @_fredrik]

@AlexandrePesant So strong. Well done Alex + team!

[Fredrik Cassel @_fredrik]

@FabianHedin Love the browser testing part. So smooth.

[Fredrik Cassel @_fredrik]

@antonosika Nice pics, beautiful space!

[Fredrik Cassel @_fredrik]

Listen to this! @alanchanguk & @HarryStebbings - amazing combo!!

[Alan Chang @alanchanguk]

A few weeks ago I joined @HarryStebbings on @twentyminutevc.

We talked about why energy is the most defining problem to solve in the next 25 years & what it really takes to build a generational company like @Revolut.

Energy is one of the most complex problems of our time and we’re building @FuseEnergy for people who want to work on something that actually matters.

[Fredrik Cassel @_fredrik]

@felixhhaas You’re the best!!!

[Fredrik Cassel @_fredrik]

This is the age of the builder.

Thanks @antonosika, @FabianHedin and the whole @Lovable team for changing the interface to software building, forever.

[Anton Osika @antonosika]

Lovable just raised $330M at a $6.6B valuation.

It's been an iconic, insane, wonderful journey so far.

Thank you to everyone who made this possible: (thread)

[Fredrik Cassel @_fredrik]

Word!!

[Erik Bernhardsson @bernhardsson]

Me when investors ask me about Modal’s business plan

[Fredrik Cassel @_fredrik]

Everyone’s a builder!

[Fabian Hedin @FabianHedin]

We launched Lovable 1 year ago.

Back then we had a belief and a small office in Stockholm. That was enough to get started.

Today, we’re at $200M ARR and watching a new kind of builder step forward.

What matters isn’t the number. It’s what the number proves. The shift is real. The barrier between “I have an idea” and “I built it” is disappearing.

In the last twelve months, founders have launched products on their own and hit real revenue. Enterprises that once moved slowly now ship weekly. And across our community, people are building things they never thought they could.

This is the part that stays with me. The pride. The ownership. The moment someone realizes they’re no longer waiting on a developer to make something possible.

They can do it themselves.

The scale has been staggering. Millions of users. Thousands of new projects every single day. New offices in Boston and San Francisco so we can stay close to the people pushing this forward.

And we’re not slowing down.

New tools are live. Better infrastructure. Faster paths from concept to working software. All built to make creation as natural as thinking.

Year one proved the idea.
Year two is about proving the reach.

If you’re sitting on an idea right now, don’t let it collect dust.

You’re a builder now.

[Fredrik Cassel @_fredrik]

Beautiful! I'm getting Merch!!

[Lovable @Lovable]

Introducing the Lovable Shopify integration.

Today, we're making it possible to build online stores by chatting with AI.

To show how it works, we built and launched our first merch store:

[Spenser Skates @spenserskates]

The State of AI in SaaS:
SaaS is Dead, Long Live SaaS

This started as an analysis of Andrej Karpathy's excellent overview of AI's capabilities. Those who deeply understand this will make all the returns and everyone else will lose a lot of money.

"Ghosts" is a brilliant metaphor for what we've created. They're not animals, and they're definitely not human. They are imperfect replicas of us. Karpathy describes them as a "statistical distillation of humanity's documents".

AI channels that distribution more effectively than any human and can beat us at Go, schoolwork, analyzing medical images, and many well defined tasks. At the same time, it lacks the reward systems that humans use to improve including curiosity, empowerment, play, intrinsic motivation, and culture.

As a result, AI's capabilities are limited. If you watch how the best work gets done with AI, it happens in chunks where a human supervises the output and gives iterative feedback to the AI. Large scale autonomous agents are brittle and fail quickly. Watch anyone vibe code an application with any level of novel complexity.

AI also faces integration barriers into existing organizations. AI is not capable of pulling a lot of the levers you need to be effective like coordinating with multiple stakeholders, building trust, authenticity, and interacting with different modalities across time and space. You could argue that the average human doesn't either, but people know when they're interacting with an AI and don't allow it the same agency as they do to people. The most successful AI B2B companies actually need more humans to integrate what they've built (forward deployed engineers) than traditional B2B SaaS.

What's next?

Those who understand AI and its limitations will transform the industry.

Incumbents will be killed by those who know how to leverage AI. I've seen countless homepages talk about being the "AI platform for AI agents" but can't even string a demo together. Meanwhile they're trying to pitch a future where fully autonomous entities collaborate in parallel to write all the code and humans are useless. They will be the first to be replaced when they get surpassed by AI native companies.

The investors blindly throwing money into companies at 100x multiples are going to lose their money. I spoke with one of the most disciplined investors I know last week. They said they felt they had to play the game on the field even though they knew it didn't make sense. And this was from someone who is closer to the technology than 95% of investors.

On the other hand, companies who deeply understand AI will win everything. Cursor, Glean, Decagon, Sierra, Linear, Lovable, Replit, Bolt, and many AI natives are off to a great start.

While 90% of incumbents haven't adapted, it is possible. Figma, Notion, Vercel, Box, and Intercom have done a great job of tearing down what they have and rebuilding AI native products. They have teams who are close to the current capabilities of the models. They also understand their problem domain and as new capabilities come out know what capabilities will map well to what problems in what way. They are able to deliver on AI's promise to their customers. Whereas the majority of existing companies will die.

In analytics, the door is wide open. In spite of many of our competitors filling up their homepages with the text "AI", I haven't seen a single compelling demo. We're still working like it's 2015.

This will change. We have spent the last year at Amplitude rebuilding our team to be AI native. We've learned about what models are capable of, how to write prompts, and how to leverage evals for building great products. We've worked with our customers to see what gets used in practice and what doesn't. We are building a vision for the future of analytics. We are all in on AI at Amplitude.

Stay tuned for what's next. We're going to be fast and furious with AI products at Amplitude.

[Anton Osika @antonosika]

We launched Lovable Cloud two weeks ago and growth increased by 30%.

Supabase doubled the number of weekly new databases created, and external providers could barely keep up.

Recap:

//1

[Patrick Haede @PatrickHaede]

🚨 BREAKING: Sora 2 is now live on @superscale_ai! After an absolutely insane night, we are the first AI ads platform with full Sora 2 integration.

Just 12 hours after OpenAI’s announcement, you can already build your first Sora 2 video ads directly inside Superscale AI - bringing the world’s most advanced video model straight into your ad creation workflow ⚡

Here’s what that night looked like:
- 8:30 pm: OpenAI announces the Sora 2 API.
- 8:40 pm: Slack channel “sora-2” is created.
- 9:59 pm: Integration released to staging (Our engineering team is absolute insane)
- 12:00 am: Internal testing done. First ads built.
- 10:30 am: Launching Sora 2 on Superscale.

That’s what AI-native speed looks like in our team, from global release to live product overnight.

AI video ad quality has just reached a completely new level, and it’s available for you right now. This ad was two lines of prompting in Superscale.

Comment “Sora 2” for the prompt guide on how to build ads with Sora 2 and for the discount code for your first month.

Let’s see what you can build in the next 12 hours 🔥