Anthropic IPO: 95 Investors Double-Dipping in AI Giants

Many investors are set to benefit from the upcoming IPOs of AI companies Anthropic and OpenAI. Here's the thing: at least 95 investors have stakes in both companies. This includes major firms like HSG, Founders Fund, Coatue Management, and Altimeter Capital Management. This approach is unusual, as historically, venture capital firms avoided investing in direct competitors. However, the AI boom has shifted these norms. Anthropic has raised over $130 billion from about 300 investors, while OpenAI has raised more than $180 billion from roughly 230 investors. These figures are significantly higher than pre-IPO capital raised by companies like Facebook and Uber. What's interesting is that not all investors obtained their stakes through traditional financing rounds; some bought shares indirectly on the secondary market. With Anthropic potentially going public this year with a $2 trillion valuation, and OpenAI likely listing next year, it shows how much of Silicon Valley's interests are tied to the success of these AI giants. This means "all the numbers are bigger, including entry price and exit price" for investors in this new AI landscape.