From New York Post · · 1m 10s
Eric Schmidt's Anthropic Stake Could Hit $20B
Eric Schmidt's early investment in AI startup Anthropic may become worth $20 billion when it goes public.
In brief
Eric Schmidt's early investment in AI startup Anthropic may become worth $20 billion when it goes public. Former Google CEO Eric Schmidt's 1% stake in Anthropic could be valued at $20 billion during its IPO. Originally reported by New York Post.
Eric Schmidt's Anthropic Stake
Former Google CEO Eric Schmidt owns roughly 1% of AI startup Anthropic after investing tens of millions in its 2021 Series A funding round.
Anthropic's Potential Valuation
Investors peg Anthropic's potential valuation at $1.8 trillion to $2 trillion ahead of its IPO, according to Bloomberg.
Schmidt's Wealth Impact
A $2 trillion valuation would push Schmidt's estimated wealth to nearly $80 billion based on his reported 1% stake.
Historical Investment Growth
Schmidt's investment in Anthropic would represent a 4,300-fold increase from its 2021 valuation of $461 million.
IPO Timeline
Anthropic could begin marketing its IPO to investors as soon as the week of November 9, potentially trading before Thanksgiving.
Schmidt's Portfolio
Schmidt has built a portfolio of technology investments through firms including TomorrowVentures, Innovation Endeavors, and his family office Hillspire.
In short
Former Google CEO Eric Schmidt's 1% stake in Anthropic could be valued at $20 billion during its IPO.
