235 Specialized AI – Product Development (No-Code Product-Building) = Lovable ARR +13x to $50MM in Five Months The opportunity here is immense. We are on the verge of a paradigm shift where the barriers to building software-based products disappear. Now, anyone can become an entrepreneur, launch a product and build a business in minutes. - Frederik Cassel, Creandum, ‘Backing Lovable: Move Fast and Make Things,’ 2/25* Annual Recurring Revenue, $MM *Per Creandum website. **From Lovable Co-Founder & CEO Anton Osika’s LinkedIn posts & podcast appearances. Source: Lovable (5/25), Creandum (2/25) Note: Lovable is an AI-powered application development platform that enables users to create full-stack web applications by describing their ideas in natural language. The platform translates these descriptions into functional applications, handling frontend and backend code generation, database integration, and deployment. Lovable – 12/24-5/25 Annual Recurring Revenue (ARR)** ($MM) $0 $25 $50 12/24 1/25 2/25 3/25 4/25 5/25 AI-Enabled Specialized Software Companies @ Large Service Industries = Growing Very Quickly…Product Development