The Ledger
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Harry Stebbings: AI coding startups pay 80% of pass-through revenue to Anthropic
“If you look at a Rapplet or a Lovable, 80% of their pass-through is too anthropic.”
Stebbings: Replit handles backend builds while Lovable focuses on frontends
“I think Rapplet is for much more heavy-duty application build-outs, and I think Lovable is much more for lightweight, bluntly front-end software build-outs, and both have very valuable positions in market, but they're just very different use cases.”