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Ben Collins and Brad Eckert say they have been watching the app-building bubble deflate in real time.
“It’s been pretty dramatic,” said Collins, who is co-founder and CEO of new AI platform startup Woz. Since June, traffic to Lovable has dropped 40%. Bolt.new is down 27%. Vercel’s v0? Down 64% since May, all according to data from Barclays.
The two MIT-trained engineers, who were roommates over a decade ago, think they know why. Those tools were never meant to build real products. They were built to create demos.
“Everyone got…
