14 Mar 2026Lovable $400M, Revolut Licensed, EF $200M, GRITCULT Joins
EF Partner Johnny Clifford on Talent Investing
EF partner Johnny Clifford explains that EF is a company with a venture capital business model, investing off its balance sheet in people pre-team and pre-idea. He covers what EF looks for in founders, how the $200M is deployed including the Bridge residency in the Bay Area, the UK's ambition gap versus San Francisco, and portfolio growth to $16B with Cleo at $350M ARR and PolyAI among Europe's fastest growers.
Revolut Finally Gets Its UK Banking License
The hosts break down Revolut securing its full UK banking license after roughly a four-to-five-year wait and a mobilization phase that limited deposits. The license unlocks FSCS-protected deposits up to £120,000 per person, unrestricted lending across its 13 million UK customers, and a future credit card, putting it in competition with Barclays, NatWest and Lloyds. They also run through Max Karpis's list of Revolut's banking license applications worldwide.
Lovable Hits $400M ARR — Vibe Coding Comeback
Lovable has added $100 million of net new ARR in a month, going from $300 million to $400 million, per CRO Ryan Meadows in Business Insider, which the hosts frame as a vibe coding comeback despite Claude Code. They weigh skeptical takes from Akash Gupta on churn and unverified numbers against Keith Rabois calling its P&L the most impressive of his career, and note client deals with Klarna and HubSpot plus Lovable's out-of-home ad push.
NVIDIA's $2B Nebius Deal & Building for Agents
NVIDIA is investing $2 billion in Amsterdam-based AI cloud provider Nebius, following its involvement with Thinking Machines and Nscale, drawing the usual circular financing concerns. The hosts discuss Jensen Huang's point that agentic AI is driving compute demand and record Mag 7 capex, then pivot to software and infrastructure built for agents, including Ramp's agent wallet announcement, a 'Gmail for agents' startup backed by Paul Graham, and Coinbase's agent payments push.
Replit Raises $400M at $9B & DeepMind's London HQ
Replit raised $400 million at a $9 billion valuation, and the hosts watch its new demo showing multitasking over a canvas powered by parallel agents. They also react to Demis Hassabis announcing Google DeepMind's new London building near King's Cross, named as a nod to AlphaGo's legendary Move 37.
Aiden Kramer (AI Apply) on the Broken Job Market
AI Apply co-founder Aiden Kramer explains its personal AI recruitment agent serving nearly two million job seekers and submitting close to two million applications a month. He details the dire graduate market — 900,000 UK graduates against roughly 10,000 listings, with about 30% of postings fraudulent — markets rewarding AI-first layoffs, agent-native job listings, and his advice for graduates to make their first dollar online, recounting his own office chair arbitrage story.
Founders House Helsinki Launch with Johannes & Camilla
Founders House Helsinki founders Johannes and Camilla explain the February launch of the Stockholm concept in Helsinki: a nonprofit, equity-free residency hosting about 15 hand-picked teams for six months, backed by EQT Ventures, Cherry Ventures, Lifeline Ventures and the family office of Supercell's Ilkka Paananen. They describe having no mandatory workshops, support from Finnish politicians, and the agent-economy companies being built there.
Town Square: Park Servers, Attio in Slack & Eight Sleep's Tour Gig
In the Town Square segment the hosts riff on James Hawkins's joke about putting server racks under national park arches, discuss Attio launching in Slack and why founders replying on X is a growth channel, and cover Eight Sleep's 'night shift' job traveling with Team Emirates across the three cycling Grand Tours. They also compare Tour de France and World Cup viewership and react to 'Europe maxi' memes and Zach DeWitt's fundraising power move tweet.
Ross McNair (Wordsmith AI) on Legal AI's Moment
Ross McNair, CEO of Wordsmith AI — an in-house legal AI platform that raised $30M from Index via a $5M seed and $25M Series A — explains why legal teams are adopting AI as fast as developers. He covers doubling quarter on quarter, turning down seven-figure law firm deals to avoid conflicting with their spend, the reckoning coming for hourly billing (90% of legal dollars), and the Legal Engineering Academy addressing the human side of integration.
Jason Day Introduces Luma AI
Jason Day, who leads Luma AI's business across Europe and the Middle East after a career in advertising agencies, introduces Luma as a foundational AI research lab and notes its unusually large social following. The interview continues in part 2.