Startup Loveable: Does Ki take the jobs away from us now?

The Swedish Startup Loveable gets 15 million euros. With their product, tech teams could disappear and 2-3-man unicorns could be possible. Some investors hope that others see it with concern.

After a first shock moment, the fear was that Ki could cost us humans, only the uninformed. No, no, it said: AI at most takes away the jobs who do not learn to deal with it. However, if you can do AI, you will not work less, but better. AI then does the dirty work, the Monkeywork, the Stupids and Repetitial tasks. People make the creative, the strategic, the visionary – the really good part of the tasks.

But now there are doubts about this comforting theory: What if Ki may not make any positions disappear, but it ensures that many places don't even arise?

Mini team, hardly any time, mega success

A few days ago, the Berlin investor Ludwig Ensthaler sewed a thought in people in the startup and tech bubble: “We now have four startups in our portfolio, which generate more than one million annually recurring income (ARR) with an employee number of five or less, all founded in 2024 (all in the Bay Area). That really seems to be the new normality, ”writes the General partner of VCS 468 Capital in a short post on LinkedIn. Ensthaler does not write that the phenomenon “mini workforce, maximum faster success” can be attributed directly to the developments around AI. But some commentators of the post draw this conclusion.

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The Tech Influencer Linas Beliūnas also shares this observation. “Small and focused teams are the future, and artificial intelligence is driving this revolution like never before,” he writes in his own post. “Soon 1 to 2-man billion dollar startups will no longer be a surprise.” The combination “focused people + AI” does everything.

Beliūnas gives some names of companies that have gone exactly like this: the US Coding startup Cursor, for example, which in his statement made it in just 21 months and with just 20 employees from $ $ 100. Or Loveable from Sweden, a company that is said to have come from 0 to $ 10 million with only 15 employees within 2 months.

Loveable: The startup from Sweden makes all of this possible

Even if Loveable now has around 45 employees, the example in connection with the question “What only employees if Ki can do everything” is exciting: At the beginning of the week, Loveable wrote headlines than the fastest growing startup in Europe. Loveable was founded in the summer of 2023. Status The company, according to its own statements, is to achieve $ 17 million in recurring income with around 30,000 paying customers. To reach this milestone, Loveable only wants to have needed two million dollars, reports Techcrunch.

However, Loveable is not just a case of “a few people, a lot achieved”, Loveable could even fuel this trend with its product: Loveable wants to be on the company's website, the 99 percent of the people who cannot program, enable them to “build their own apps as if they had a product team in a renowned technology company.” Lovable enables Hinz and Kunz with the help of code-writing AI to create production-ready software. Apps, websites, fully functional web applications – everything. But without a five, ten, twenty-headed team of baking and frontend developers, code, programmers.

Ki kills jobs – that's the reality

The market for Loveable's AI programmer is huge, the successes impress in such a short time-at the beginning of the week, a 15 million euro financing round came together a year and a half after the foundation, led by the Swedish Top-VC Creandum. Of course, investors not only like a shiny growing company like Loveable itself, but also the idea of ​​the steeply growing three-man startup. Who knows, maybe soon the idea of ​​the solo preneur unicorn. Faster more return.

However, the London investor Fred Destin is concerned about this development. He is the founder of Stride VC and thus manages a 150 million euro fund. Before that, he worked as a GP for accel. “The fact that we still deny that AI displaces and destroyed and destroyed at high speed and at high speed makes me speechless,” he writes.

He believes that the theory of the “good” commitment of AI in the sense that it beautifies the work of people – but it won't stop: “The intercendments that people do to prove that AI will create more jobs over time, make me speechless. I haven't seen anything that proves that, but many signs of the opposite. ”

He also says: “We have just given the company the largest cost saving instrument in history – what do you think will happen?” he asks. In any case, it is clear to him: “AI will destroy jobs in a way that has never been there before.” That is a reality that is better to adjust to.