Eric Schmidt's 1% Anthropic Stake Worth Up to $20B Ahead of Expected IPO
Former Google CEO Eric Schmidt reportedly owns about 1% of AI developer Anthropic, a stake that could be worth as much as $20 billion if the company's expected IPO reaches a $2 trillion valuation, according to Bloomberg. Schmidt invested tens of millions in Anthropic's 2021 Series A, when the startup was valued at $461 million. At Anthropic's latest private valuation of $965 billion, his holding is worth nearly $10 billion. Other backers including Iconiq, Menlo Ventures, Sequoia, Sound Ventures and Spark Capital also hold large paper gains.
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Anthropic Backers' Stakes Worth Billions Ahead of Expected IPO
TechCrunch reports, citing Bloomberg, that Anthropic's early and later-stage investors already hold paper gains worth billions at the AI lab's latest private valuation of $965 billion, ahead of an expected public listing this year at a valuation of as much as $2 trillion. Eric Schmidt, who invested in Anthropic's 2021 Series A when it was valued at $461 million, owns about 1% of the company, a stake worth nearly $10 billion. Iconiq's $6 billion late-stage investment is now worth $17 billion and could double at IPO. Menlo Ventures has invested over $1 billion, now worth $14 billion. Sequoia's $3 billion investment earlier this year, at a $380 billion valuation, has already more than doubled. Sound Ventures' combined $435 million stake is worth billions. Spark Capital's $75 million 2023 Series C position has ballooned more than 90-fold to $7 billion.
Eric Schmidt Reportedly Owns About 1% of Anthropic, Half as Much as CEO Dario Amodei
Former Google CEO Eric Schmidt reportedly owns about 1% of AI startup Anthropic after investing tens of millions in its 2021 Series A round, according to Bloomberg. This stake is roughly half the 2% held by co-founder and CEO Dario Amodei. Anthropic is widely expected to go public before the end of the year, with top-end market estimates valuing the company at up to $2 trillion. At that valuation, Schmidt's stake could add as much as $20 billion to his net worth, currently estimated at $57.5 billion. Schmidt has been an active tech investor since 2011, with other AI bets including Mistral, General Intuition, and Reflection AI. Neither Schmidt nor Anthropic immediately responded to requests for comment.
Eric Schmidt Reportedly Owns About 1% of Anthropic, Half as Much as CEO Dario Amodei
Former Google CEO Eric Schmidt reportedly owns about 1% of AI lab Anthropic after investing tens of millions in its 2021 Series A round, when the startup was valued at $461 million, according to Bloomberg. That stake is roughly half the 2% held by co-founder and CEO Dario Amodei, Reuters reported. Anthropic is widely expected to go public before the end of the year, with top-end market estimates valuing the company at as much as $2 trillion. At that valuation, Schmidt could add as much as $20 billion to his net worth, which Bloomberg currently puts at $57.5 billion. Schmidt has been an active tech investor since stepping down as Google CEO in 2011, deploying capital through Tomorrow Ventures, Innovation Endeavors Management, and his family office Hillspire, with other AI bets including Mistral, General Intuition, and Reflection AI. Schmidt and Anthropic did not immediately respond to requests for comment.
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Eric Schmidt Holds About 1% of Anthropic, Stake Worth Roughly $20B at $2T IPO
Eric Schmidt holds approximately 1% of Anthropic, a stake that would be worth roughly $20B if the company's IPO reaches a $2T valuation, according to a post on X. Anthropic's 2021 Series A raised $124M when Pitchbook valued the company at $461M, and Schmidt supplied a meaningful share of that round. Even at the $965B valuation from May's $65B round, his holding adds nearly $10B, which the post says already beats his Innovation Endeavors fund's 1,400-fold return on Uber.
Read sourceEric Schmidt revealed to own roughly 1% of Anthropic ahead of IPO
Former Google CEO Eric Schmidt has been revealed to own roughly 1% of Anthropic, according to a report ahead of the AI company's initial public offering. The stake is potentially worth $20,000,000,000.00. The disclosure highlights the scale of Schmidt's personal holdings in a leading artificial intelligence developer as Anthropic prepares to go public. No further details on the source of the disclosure, the timing of the IPO, or the basis for the valuation were provided in the source item.