[flagged]
*run-rate revenue
Without more information, this number is impossible to interpret.
Anthropic raises $65B in Series H funding at $965B post-money valuation
21–30 of 458 posts
Re: Anthropic raises $65B in Series H funding at $965B post-money valuation
#22As someone who knows admittedly knows nothing about startup funding rounds, how many more rounds of funding can they do before an IPO? Is it effectively infinite?
Depends on the investors if they see growth. The downside is dilution. Preferably they just want the Series I as the IPO in this case.
They cannot raise forever, SpaceX has done more rounds but the timing is most important.
Re: Anthropic raises $65B in Series H funding at $965B post-money valuation
#23Probably the bigger headline here is that they’ve blown past OpenAI in revenue and valuation, with OpenAI looking increasingly shaky and vulnerable.
I’m not so sure. We only need to look at Uber’s example of companies realizing they’re spending way too much and trying to rein it in. Claude has excellent revenue but it is highly dependent on very rich technology companies continuing to spend lavishly without seeing returns. The music will stop at some point and Anthropic will be hit the hardest. OpenAI may have less revenue but it is distributed across many, many more customers and use cases, it’s resilient. And even if Anthropic do, somehow, manage to keep their customers spending huge amounts on Claude, they’re very vulnerable to being undercut by OpenAI given codex is pretty much at parity. Anthropic seems more vulnerable to me.
Re: Anthropic raises $65B in Series H funding at $965B post-money valuation
#24Earlier quoted context omitted.
Effectively infinite. Databricks is a good example. They're still private after 13 years and closed a Series L round last year. Stripe is similar. Having been through an IPO before, it was good for employee liquidity, but bad for the culture and long-term success of the company.
so how do stripe employees get liquidity? can anyone sell their secondary shares?
Tender offers.
https://www.investor.gov/introduction-investing/investing-ba...
https://www.law.cornell.edu/wex/tender_offer
https://carta.com/learn/equity/liquidity-events/tender-offer...
https://hn.algolia.com/?dateRange=all&page=0&prefix=false&qu...
(secondary markets are sometimes an option, depending on stock transfer restrictions)
Re: Anthropic raises $65B in Series H funding at $965B post-money valuation
#25[flagged]
Airtight logic
Re: Anthropic raises $65B in Series H funding at $965B post-money valuation
#26Earlier quoted context omitted.
Effectively infinite. Databricks is a good example. They're still private after 13 years and closed a Series L round last year. Stripe is similar. Having been through an IPO before, it was good for employee liquidity, but bad for the culture and long-term success of the company.
so how do stripe employees get liquidity? can anyone sell their secondary shares?
I can't speak for the specific case of Stripe, but it's fairly common for private companies to have a "tender offer" in which employees have the opportunity to sell some portion of their equity. This is often done in conjunction with a new investment round.
Re: Anthropic raises $65B in Series H funding at $965B post-money valuation
#27They're going to run out of letters pretty soon.
Re: Anthropic raises $65B in Series H funding at $965B post-money valuation
#28Probably the bigger headline here is that they’ve blown past OpenAI in revenue and valuation, with OpenAI looking increasingly shaky and vulnerable.
How? OpenAI and Antrophic are basically the Big 2 racing away at light speed; the others who can't get near them are perhaps shaky & vulnerable. And sure, there's a garden full of those.
Re: Anthropic raises $65B in Series H funding at $965B post-money valuation
#29[flagged]
9k karma, whew
Re: Anthropic raises $65B in Series H funding at $965B post-money valuation
#30Probably the bigger headline here is that they’ve blown past OpenAI in revenue and valuation, with OpenAI looking increasingly shaky and vulnerable.
I’m not so sure. We only need to look at Uber’s example of companies realizing they’re spending way too much and trying to rein it in. Claude has excellent revenue but it is highly dependent on very rich technology companies continuing to spend lavishly without seeing returns. The music will stop at some point and Anthropic will be hit the hardest. OpenAI may have less revenue but it is distributed across many, many…
Every week there's at least one post on the HN front page bitching about API errors from Claude because Anthropic doesn't have enough serving capacity. I really don't see any signs they're "spending too much", the actual evidence on the ground seems to be exactly the opposite: constant exasperation that they're not spending enough.