What some of Anthropic’s backers are reportedly worth before its IPO
Anthropic's upcoming IPO is expected to generate massive returns for early investors, with some stakes now valued in the billions. The report details the significant growth in value for backers like Eric Schmidt, Sequoia, and Menlo Ventures.
Why it matters
The massive valuations of AI labs underscore the intense capital influx into the artificial intelligence sector and the potential for historic financial windfalls.
Anthropic’s public listing, which is expected this year at a valuation of as much as $2 trillion, is bound to be a windfall for both early-stage and later-stage investors. But even at the company’s latest private market valuation of $965 billion, the stakes held by many of those VCs and early backers already total billions. Here is what some backers in the leading AI lab are worth at that last round’s price, according to Bloomberg .
Eric Schmidt: The former Google CEO invested in Anthropic’s Series A in 2021, when the startup was valued at $461 million, according to PitchBook data. Today, Schmidt owns about 1% of the company, and even at its current private valuation, his stake is worth nearly $10 billion.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in