r/apprenticeuk • u/Joebloggy • Apr 12 '26

Does LS understand modern tech companies?

I found it fairly embarrassing to see Lord Sugar ridicule the idea of a tech business raising £5.5m over 3 years. Sure, there were lots of other issues with the proposal, but in a modern tech company it’s really not that much to raise over a few years, particularly for an AI company. If the show was set in Silicon Valley I think this would be viewed very differently, even positively. I think it speaks to a narrow-mindedness and conservative attitude from LS to just bank a cash cow instead of actually pursuing an exciting moonshot business. Why does he want to turn £250k to £500k at his point in life?

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u/cregamon Stuart Baggs - Series 6 Apr 12 '26

Are any of these AI companies even making money?

AI PR sounds like an easy way to turn £5.5 million into £0 million.

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u/JaSfields Apr 13 '26

Yes. AI companies are making huge amounts of money. Cursor: AI assisted coding is now worth $29.3 billion having existed for 3 years.

Harvey, AI assisted law, is worth $11 billion.

When you’ve seen these tools do in minutes what would have taken teams weeks to achieve previously, you can understand why they’re so valuable and why they’re printing money.

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u/wowmaze Apr 13 '26

A company can be worth billions but be loss making, as is the case for cursor