Sweden’s Lovable just pulled off what every free-market patriot loves to see: private-sector success. The two-year-old startup closed a $330 million funding round that values the company at $6.6 billion, creating billionaires out of cofounders Anton Osika, 35, and Fabian Hedin, 26. This rapid ascent—built on real users and subscription revenue, not political favors—deserves recognition.
What Lovable sells is simple and transformative: “vibe coding,” an AI tool that lets people build websites and apps from plain-language prompts, tearing down the gatekeeping that used to reserve software creation for elites with expensive training. The startup claims millions of users and explosive subscription growth in months, showing what happens when innovation meets demand. Hardworking people and small businesses benefit when tools like this lower barriers and create opportunity.
Let’s be clear: this is capitalism working at its best. Investors poured capital because Lovable showed traction, not because some bureaucrat handed them a prize. The valuation tripled in a handful of months, and rivals and giants are racing to respond — proof that competition, not centralized planning, drives progress.
I’ll give credit where it’s due: the founders say they’ll donate half of the gains from any exit toward ensuring a safe transition to more powerful AI, which sounds noble on the surface. But conservatives should be skeptical of virtue-signaling from tech elites who suddenly become arbiters of humanity’s future. Real accountability comes from transparent markets, independent oversight, and laws that protect citizens and small businesses, not from handshakes in Silicon Valley.
This moment also exposes a strategic competition the left rarely discusses: global tech leadership. Big American players and well-funded rivals are already circling, and massive acquisitions and fundraising rounds are reshaping who controls the tools that will run our economy. Policymakers who favor heavy-handed regulation or punitive taxes risk driving innovators overseas—while sensible pro-growth policies will keep these breakthroughs benefiting American workers and consumers.
Europe’s tech ambitions are real, and Stockholm’s Lovable shows that when talent and capital meet, big companies can be born outside the usual hubs. That’s all the more reason for U.S. leaders to double down on school choice, STEM education, lower corporate rates, and light-touch regulation that rewards risk-takers instead of penalizing success. If we want American workers to reap the rewards of the next wave of AI, we need policies that unleash innovation, not choke it.
At the end of the day, Lovable’s rise is a reminder that the private sector remains the engine of opportunity for ordinary people, not the state. Celebrate the entrepreneurs, defend the markets that let them flourish, and stay vigilant about who controls powerful technologies. For hardworking Americans who built this country, that is the conservative recipe for prosperity and safety in the age of AI.
