Mickel

[Anton Osika @antonosika]

Lovable just raised $400M at a $13.3B valuation to build the business that helps build businesses.

Apps built on Lovable now get 900M visits every month, and we’ve quadrupled ARR in the last 12 months.

Since we started, Lovable has become the place where founders create million dollar businesses, business leaders spin up new product lines, and people inside companies rewire workflows and build tools that fit their exact needs, typically at a fraction of what software used to cost.

There’s a lot more to do.

We will create the most intuitive platform to build and run a business.

That means:

- Understanding what success looks like for you, then helping you achieve it. Not only ensuring your software works but also that you can attract customers, improve workflows, and grow your company.

- Deeper integrations that work with your existing tech stack so you can build the interface to your entire business across sales, ops, marketing, finance, etc.

- Becoming the safest platform to build and run your business on, which means secured code by default and that you get help to make safe decisions. As you build, the platform carries more of the security weight, spotting risks and helping you close them, so you can move fast without needing to become a security expert.

- Staying model-independent and orchestrating the best models for every task so you don’t have to. We’ll continue to absorb the complexity of evaluating and teaching models to route to the best ones in the background, to minimize cognitive load for our users.

As more people depend on Lovable, the quality standards our team is driving increase every single day.

We’re growing the team with people with a founder mindset: curious, ambitious, and who think end to end. Model training, product geniuses, infrastructure tinkerers, and security are the priority.

The world is full of ambitious people with deep knowledge of problems worth solving. Very few of them have historically had the power to act on them. Our ambition is to give people that power, and then help them achieve more than they thought possible.

Thank you to everyone who has followed along our journey. Thank you to @MenloVentures for leading, the Scaleup Europe Fund (managed by @eqt) for co-leading, and all of the new and returning investors who recognize our global ambitions and will help make them a reality.

We have made a lot of progress but we are nowhere close to done, it’s still day zero.

See our blog: https://t.co/d1L2ZQPjtN

[Etched @Etched]

We're coming out of stealth.

We've built our first racks after a successful A0 tapeout, $1B+ in customer contracts, and $800m raised.

Early customer tests show us achieving SOTA throughput, latency, and power efficiency on inference workloads.

Our first racks ship this summer.

[Hummingbird Ventures @HummingbirdVC]

We are launching our first SF-based cohort of our Analyst Program. This is a two year program to be fully immersed in global, early-stage investing.

Applications are open until April 25.

https://t.co/xHixH79WG2

[Akshay Mehra @akshay__mehra]

Excited to lead Instant's Series A 🚀 @LiamMillward & co are a group of fiercely ambitious founders building an amazing platform for digital brands.

Also marks our first investment in Australia! @HummingbirdVC

https://t.co/SgShHVeH9y

[Lovable @Lovable]

Announcing $15m added funding to build the last piece of software

We have been extremely selective in our fundraising process. We will use this money to hire the best talent in Europe and keep making the product even better.

[Alex Cohen @anothercohen]

Holy shit.

$900m raised, $4b valuation. Crazy times for growth stage companies

[Mickel @LuMickel]

@moizali https://t.co/u8p9DCG87c

[Daniel @growing_daniel]

Google back in 2010 was crazy. You could look up anything and it’d be there.

[Mickel @LuMickel]

😯

[Wix @Wix]

Website creation is entering a whole new era.

See our CEO @Avishai_ab's vision for the future of AI at Wix: https://t.co/kjKnmAzEQn

[Arnaud Bertrand @RnaudBertrand]

This is probably the future of vending machines: seen in the street in Beijing, a couple of self driving ice cream vending machines, that presumably move around based on where there's a higher concentration of customers are at any given moment.

[Balaji @balajis]

This is what people don’t get.

The unfortunate truth is that China is the #1 trade partner for most of the world.

So the US is not negotiating from a position of strength.

If forced to choose, countries may decouple all right…but from the US!

[Trinh @Trinhnomics]

Good morning! It's Tuesday and South Korea exports dropped -17.4%Yoy in first 20-day of March vs -2.3% in Feb. Daily shipments, which stripped out seasonality, dropped even worse at -23.1%. Chips plummeted -44.7% and shipment to China rather bad at -36.2%. 

😬😬😬

[Sheel Mohnot @pitdesi]

Founders Fund is reducing the size of their flagship fund from $1.8B to $900M.

The industry has too much $, we will (& need to) see a lot more size reductions for better returns.

https://t.co/FfqVlVJX2a

[Holger Zschaepitz @Schuldensuehner]

Good Morning from Germany, where supermarket #inflation remains elevated. German Food CPI jumped 20.2% YoY in Jan. Following the rebalancing of the basket of goods by German Statistics Office, food now has a higher weight in inflation rate. Share rose by 2ppts from 8.5% to 10.5%.

[Watcher.Guru @WatcherGuru]

JUST IN: Coinbase $COIN reports a net loss of $2.62 billion in 2022.

[Genevieve Roch-Decter, CFA @GRDecter]

China told companies to stop using Big 4 Auditors

They want to limit Western influence in Chinese businesses and overtake the US economy.

Here’s what you should know🧵

[Tokamak @GrandTokamak]

Software was sticky they said

[The Spectator Index @spectatorindex]

BREAKING: Twitter revenue down 40% year-on-year

[Danny Postma @dannypostma]

This model does not exist 🤯

⚡ Introducing Ailice: the AI-generated influencer!

A new photo of her gets posted every 15 minutes. Vote for your favorite and help decide which one she posts on Instagram each day.

Link in next tweet ↓ help her out!

[Mehran Jalali @mehran__jalali]

6/ =AI() and =INFER()

Directly incorporate GPT-3 (and soon GPT-4!) prompts into your spreadsheets using =AI(), or teach it what to do using =infer().

Examples:
- Extracting information from text
- Summarizing text
- Formatting phone numbers
- Categorizing customer feedback