Bubble

“And I believe that given that you're doing a million ARR, that you are probably running the largest no code app that I know of in terms of a SaaS app.”

“And then it was March of twenty-twenty-three when we switched over to their dedicated server hosting enterprise level of subscription, and the advantage of doing that is, you know, more stability. It does cost more, but our, you know, our app hasn't been down …”

“We use Bubble, our entire product, Is built on it.”

“Seeing the bubble is easy. Getting the timing right is apparently impossible.”

“This is exactly where you'd expect the bubble to break, and you would expect, other things being even, that it will be let down by NVIDIA, followed closely by the other giants.”

“The natives is that you will, I mean, they would typically perpetuate bubbles because with more passive money, they go into, you know, stocks which have done historically well and they perpetuate the moves.”

“And if you tax wealth, then people have to sell in order to get the money to pay the taxes. And that creates a dynamic that can pop a bubble.”

“So in my opinion, we're in a bubble. Okay. By various measures of it being in a bubble and people feeling very wealthy, but you have that vulnerability.”

“The ones that have depth that the entrepreneurs can like take something from and that is somewhat timeless, way more important than are we in a bubble or are we not in a bubble?”

“All bubbles are born out of a truly transformative technology technology. And in all the previous bubbles they, The promise was spectacular. The short term was disappointing, and the long term delivered more than expected. But in that process, a lot of fortune…”

“A bubble is a psychological phenomenon as much as anything, and in order to get to a bubble, everybody has to believe it's not a bubble.”

“The one thing about bubbles is anytime everybody thinks it's a bubble, it's not a bubble because in order for it to bubble, you need capitulation in that you need kind of everybody to believe it's not a bubble because then the prices really go out of control. …”

“We're in the definition of a bubble period right now. And there is no way that this bubble doesn't pop.”

“We've funded a handful, and I don't know the exact numbers, but it's five or less Of no code, code bases. No code apps, I guess I would call them, you know, that are built in air table, bubble, that kind of stuff. And all of them have been rewritten or will ne…”

“We created the Federal Home Loan Program, much like we created the Federal Student Loan Program, both of which I believe created bubbles in those markets.”

“The bubble bursts in AI. And I think that's going to happen for sure.”

“So the reason I have this as number six is that if bubble 10 X their pricing or had a big outage, you could rebuild that. And if you're hosted on AWS or using SendGrid or using WordPress, you can rebuild it. The risks are there, but they're lower than if you l…”

“In month two, they did 24,000 dollars. They're in month three, I think they're on track for 30,000 dollars.”

“And then I spent 10,000 dollars and I built a website called samslist.co. We used bubble and I listed all the people there.”

“The thing that causes that is always an economically inappropriate amount of central bank printing, and what started in the nineties was, this was really the first time any foreign banks had been materially involved in U.S. Debt purchases.”

“We're in a bubble today, and so there's a lot of these flows that are going to be unproductive ultimately”

“At that time, the whole app was in bubble. It was a hundred percent no code. Probably up until maybe four or five months ago, it went from a hundred percent no code to now it's about, I would say, like five or 10%.”

“Migrating off of no code is really hard, right? Compared to AWS, not that that's a breeze, but if you have code that can run on any server, you can move from Heroku to AWS to GCP to Azure to your own homegrown Dell box sitting in your bedroom connected to a fi…”

“I'm not convinced that we've even begun to sort out that bubble.”

“I would say, like, Bubble probably has the highest functionality capability of the no-code tools out there. There's also the highest learning curve.”

“Over the last year and a half, I've built no code systems that natively on bubble process over twenty million workflows a month without a problem, right?”

“Because I've also acquired a Bubble app before, a very small one two years ago, and it literally was like, here's the password. We use Zapier to, or Zapier, however you pronounce it. And that was it. We were done in like, 30 minutes.”

“I run product at a VC backed startup in Miami. We're building everything on bubble and low code and everything.”

“They were founded in 2012, really launched in about 2015. They have over 400,000 users and one of their biggest customers has processed a billion dollars of loans on their platform, a fintech company.”

“It's still appropriate to call them developers is they do develop software. They just, someone who's developing on bubble. They're developing. They're just not writing code. So you wouldn't call them a coder, but you still call them a developer because they're…”

“You really don't go to bubble and expect to crank something out really quickly. For something like bubble, you would go there and say, I'm going to spend two weeks going through all their tutorials and really get to know how to use this platform. And the benef…”

“And I think Bubble, one of the co-founders, Emmanuel, did mention that initially they didn't have what this client needed. And they were, you know, they built it for them just because they knew they were going to be a showcase customer.”

“As people are finding out how relatively easy it is to learn these tools, that's why I think there'll be so, so much supply on the agency side or on the freelance side.”

“Bubble's a great platform, but if you ever need to get off of it cause it's not scaling or whatever, you're gonna have to rebuild the whole thing.”

“Like Airbnb, if it's being built today, could be built on Bubble, Webflow, one of these tools, Squarespace, Zapier, Slack, Airtable. You could glue all this stuff together and do it without a developer and probably get to 10 to a hundred million in revenue wit…”

“Where I am on that is that you can, if you are careful when you do it, and you respond to very strong signals. So it may happen once every 10 years, but if you can avoid a bubble by doing that dynamic asset allocation, it's hugely impactful”