In the last hour of applications for Project Lovable I received 94 applications alone. European builders ain’t taking the summer off. 🚀

"When we were a private company, we had a bunch of quirky, slightly misaligned VCs who were definitely in our shorts. When we flipped to public we got rid of those VCs with a bunch of quirky misaligned public investors who were less in our shorts. And I have found the public investors be rational if you paint a picture of what will happen over the long term. Its better in a lot of ways than being private..." Love to hear your thoughts on this @tobi @nhglass @levie @drewhouston

For anyone who doubts the power of brand and distribution. In just 36 hours, Project Lovable (Project Europe + Lovable Hackathon) got 1,000 applications. Insane quality. Cracked teams. 1,000. In just 36 hours. World of startups and VC is changing. Distribution baby.

It's kind of stark listening to @twentyminutevc. 1. A couple things stand out. Never heard of most of these guests. 2. These are far more conversational than almost any other podcast. It's not guests monologuing for 3-5 minutes uninterrupted. It's far more like real life. Short and snappy. This leads to faster pacing. 3. @HarryStebbings actually challenges guests. Like says he thinks their belief is wrong. It's actually crazy how infrequently this happens on most shows. On recent episode with Peter Rahal, Harry was like, why would you create this boiled cod product? 4. You can see by the questioning the Harry actually goes in and lets the conversation go where it needs to like a real life conversation and responds with appropriate emotion. It was refreshing to hear how shocked he was to that Peter had sold RX despite the super impressive revenue & growth. 5. Most podcast hosts are show humility but Harry really seems unafraid to appear too buttoned up. Him admitting in that episode that he drinks too much (to be clear, not admitting to be an alcoholic) is something I've never heard a host say. Anyway, having not listened to any episodes before the last couple weeks it's a remarkable podcast. Would definitely recommend it if you're looking for something that feels a bit different.

"In 2009 we went up and down Sand Hill Road. @dharmesh and me (@bhalligan) had 20 meetings with VCs. Every big-name firm, every household name said No. We had nothing." Today Hubspot has a market cap of $25BN.

996 at Project Europe always. 👇

I swear if you have digital transformation in your LinkedIn title; we are just off to a bad start aren’t we… 😂

Let me be super clear: If you want to do a podcast tour. I don’t want you on my podcast. Simple. Too much regurgitated content today. Next.

It is time, the only tech podcast you have to listen to every week to hear inside baseball on WTF is going on in tech! This week @jasonlk @rodriscoll and me are joined by @bhalligan @hubspot to shoot the s***: - Figma’s 250% Pop: Greatest IPO mispricing ever? - Meta & Microsoft’s Blowout Quarters - Cognition Raises at $15BN & Ramp at $22BN - CRV Downsizing: What it Means for LPs & GPs. My 6 takeaways 👇

20VC is an investor in: Lovable ($115M ARR) Cognition ($165M ARR) Perplexity (18BN valuation) Mercor (100M ARR) Fyxer ($15M ARR) Airwallex ($1BN ARR) All credit to team but I don’t think any European firm comes close to playing this wave of AI like they have.