From TechCrunch · Julie Bort · · 1m 40s
Anthropic founders to each pocket $250M in IPO
All seven co-founders of the AI safety company will sell shares worth roughly $250 million each as Anthropic heads toward a $1.4 trillion valuation.
In brief
All seven co-founders of the AI safety company will sell shares worth roughly $250 million each as Anthropic heads toward a $1.4 trillion valuation. Anthropic's seven co-founders will each cash out about $250 million in the company's IPO, which could value it at $1.4 trillion. Originally reported by TechCrunch.
Seven founders, $250M each
Anthropic's S-1 filing reveals each of the seven co-founders will sell 3,378,378 shares. At the mid-range price of $74 per share, each takes home just shy of $250 million.
Price range and upside
Anthropic has set an unusually broad initial price range of $70 to $78 per share. At the low end each founder pockets just over $236 million; at the high end, just under $264 million.
Strong demand signals
The S-1 hints at high demand. Board member Reed Hastings wants to buy $300 million worth of shares through his donor-advised fund. Board member Christopher Liddell wants $3 million worth.
Who the seven founders are
CEO Dario Amodei, president Daniela Amodei, chief compute officer Tom Brown, head of public benefit Jack Clark, chief science officer Jared Kaplan, chief architect Sam McCandlish, and interpretability research lead Christopher Olah.
Control stays with founders
After the sale, each founder will own about 3.2 percent of Class A shares. Collectively they will control 51.1 percent of votes through Class F supervoting shares, keeping the company in their hands.
Why they left OpenAI
The seven left OpenAI in 2021 after disagreements with its leadership over how AI should be built. Siblings Dario and Daniela Amodei and five colleagues formed Anthropic focused on AI safety.
The bottom line
Anthropic's seven co-founders will each cash out about $250 million in the company's IPO, which could value it at $1.4 trillion.
