Lenny Rachitsky: belief

Transcript context

…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. Yeah, yeah. I think still you're doing pretty well if you have a million ARR in one year. This is one of the once in a lifetime type of companies, and the category, the way that it's evolving. So, I want to make sure that people don't all of a sudden set this as a benchmark for success because it should never be. In some categories, it might be even faster as we continue evolving technology, but I don't think that it's realistic to expect it out of your business that you're starting right now.…

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