Elena Verna: prediction

Transcript context

…What I love about you coming back each time, it feels like every time you come back, you're just doing something even more epic and exciting. And so, these days, as we'll hear in the intro, you're head of growth at Lovable, which no big deal on track to be the fastest or one of the fastest growing companies in history, depending on the metric that you track. Let's talk about just the scale and growth of Lovable to give people a sense of just how incredible this is. I'll share a bit of this in intro, but just what are some stats you can share about just how things are going Lovable? So, we are just a little bit over one year's old since we launched. The company actually did exist as a GPT engineer before, but it officially launched in the third week of November last year, in 2024. So, for us, we've hit over $200 million in annual recurring revenue before we even hit our one-year milestone since being launched. Which is pretty incredible. You, Lenny, actually have a really great blog post on how quickly it takes for companies usually to get to their first million ARR, and it's usually multiple years. So, this is definitely a unicorn, I don't think this is a standard. There's a couple of things that account for it, and we can talk about it, and the growth is only accelerating, so it's compounding, which is great. Because we had our 100 million in end of July, and just four months later we were at 200 million. So, seven months to, well, maybe eight months, to 100 million, another four months to get to 200 million. And from users too, we already have over eight million users that have tried Lovable, we have, as you can imagine, to feed that 200 million, hundreds of thousands of paid subscribers as well that are paying for us, so things are going great and we'll talk about why. Okay. Absurd. I think people are getting used to these insane numbers, and not long ago is like, okay, if you hit a million ARR in a year, you're doing pretty well.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.