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Chronicles

The story behind the story

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Sources: Anthropic has lined up $5B to $6B for an employee share sale at a ~$350B valuation; outside investors, not Anthropic, will buy up the insider shares

Bloomberg

Discussion

  • @rohindhar Rohin Dhar on x
    Also enough to buy every single house sold in San Francisco in the last year [image]
  • @exiledsocscientist @exiledsocscientist on bluesky
    I've run secondary offerings.  You do them when either (i) you're on a good path but don't see a liquidity event in the near future and want to help employees or (ii) you realize that you're overvalued & want to cash out before investors catch on.  —  Guess which applies here  — …
  • @aakashgupta Aakash Gupta on x
    Anthropic just launched a $6B employee share sale at a $350B valuation. The math underneath this is staggering. 10 months ago, Anthropic was worth $61.5B. Today, employees are cashing out at $350B pre-money. That's a 5.7x in under a year. An early engineer with $500K in vested
  • @nmasc_ Natasha Mascarenhas on x
    Scoop: Anthropic has kicked off its share sale for employees, with investors lined up for a deal size of between $5B-$6B w/ @shiringhaffary & @RebeccaTorrenc5 https://www.bloomberg.com/...
  • @yimbyland @yimbyland on x
    Imagine if SF actually just built more housing instead of depending on the promise of perpetual gold rushes to have any chance at affording one.
  • @pitdesi Sheel Mohnot on x
    You probably already missed your shot at buying in SF
  • @luke_metro @luke_metro on x
    The two paths available for software engineers are working at a frontier lab or moving to Austin, Texas
  • @ericbahn Eric Bahn on x
    Congrats Anthropic employees for the imminent purchase of your new Bay Area home!
  • @catehall Cate Hall on x
    For the life of me I cannot figure out how to get access to Anthropic secondaries