20VC: Lovable Raises at $2BN & Hits $100M ARR | Is Cursor Worth $28BN at $1BN in ARR | How Do All Providers Deal with Anthropic Dependency Risk | Are Seed Funds F******: Have Mega Funds Won | Figma IPO Breakdown: Where Does it Price?
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This idea that, oh, woe is me, I can't raise a third fund, I've never returned any capital, tough fucking luck, right? Almost everything about a big fund is good for the entrepreneur. Anti-portfolio regret is the psychological price you have to pay for being in the game because it's literally the emotional tax you pay for being in good deal flow. The market for consensus is fully priced in. This is 20VC with me, Harry Stebbings, and it's my favourite show of the week.
Jason Lemkin, Rory O'Driscoll, and oh my gosh, we have a cracker for you today. We have Replid and the security issues that Jason faced there, we have Lovable and their new round, we have Cursor and their $28 billion round, their reliance on Anthropic, what that means with clawed code becoming more and more popular, the Figma IPO. This is a sensational one. I want to hear your thoughts. Let me know what you think.
Harry at 20vc.com. But before we dive into the show today, I love seeing the team come together to make this show happen. What I don't love is trying to keep track of all the information, the data and the projects that we're working on across dozens of platforms, products and tools. That's why we use Coda, the all-in-one collaborative workspace that's helped 50,000 teams all over the world. get on the same page, offering the flexibility of docs with the structure of spreadsheets, Coda facilitates deeper teamwork and quicker creativity.
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