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Field Notes

The $6.6B Prototype Machine

Lovable just raised $330 million at a $6.6 billion valuation. Cursor is worth $29.3 billion. Replit went from $10 million to $100 million ARR in nine months. The vibe coding market is minting unicorns faster than any category in tech history. And…

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Why 90% of Vibe-Coded Apps Never Ship

Ninety percent of vibe-coded apps will never see a single real user. That's not a talking point I pulled from a sales deck. That's the emerging consensus across multiple 2026 research reports, from SD Times to Gartner to Veracode, all converging on…

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