Anthropic now generates in about 2 hours what Amazon made in the entire year before its IPO.
It generates in roughly 24 hours what Microsoft made in the year it went public.
When going public:
Amazon $16M in revenue
~$438M valuation.
Microsoft $198M in revenue
~$520M valuation
Anthropic is still private,
$65B+ annualized revenue
~$965B valuation.
Anthropic is starting at roughly:
2,200x Amazon’s IPO valuation
1,850x Microsoft’s IPO valuation
Amazon and Microsoft became giants after ordinary investors could buy them. Anthropic—like SpaceX—is reaching enormous scale before most investors ever get access.
Since their IPOs, Amazon’s valuation compounded at roughly 35% annually. Microsoft’s compounded at roughly 24%.
At Anthropic’s $65B run rate it would need to reach roughly $2.6T, more than the current revenue of Amazon, Microsoft, Apple and Alphabet combined, to match the growth rate if you had bought Amazon or Microsoft at the IPO.
Amazon and Microsoft offered historic returns because public investors got in before nearly all the growth.
With Anthropic, much of the extraordinary growth may have already happened. Or maybe it hasn't
It generates in roughly 24 hours what Microsoft made in the year it went public.
When going public:
Amazon $16M in revenue
~$438M valuation.
Microsoft $198M in revenue
~$520M valuation
Anthropic is still private,
$65B+ annualized revenue
~$965B valuation.
Anthropic is starting at roughly:
2,200x Amazon’s IPO valuation
1,850x Microsoft’s IPO valuation
Amazon and Microsoft became giants after ordinary investors could buy them. Anthropic—like SpaceX—is reaching enormous scale before most investors ever get access.
Since their IPOs, Amazon’s valuation compounded at roughly 35% annually. Microsoft’s compounded at roughly 24%.
At Anthropic’s $65B run rate it would need to reach roughly $2.6T, more than the current revenue of Amazon, Microsoft, Apple and Alphabet combined, to match the growth rate if you had bought Amazon or Microsoft at the IPO.
Amazon and Microsoft offered historic returns because public investors got in before nearly all the growth.
With Anthropic, much of the extraordinary growth may have already happened. Or maybe it hasn't
