Eric Schmidt poised for massive windfall from 1% Anthropic stake ahead of IPO
Former Google CEO Eric Schmidt owns roughly 1% of Anthropic from an early Series A check, positioning him for a payout that could reach up to $20 billion as the artificial intelligence company prepares to go public.
Former Google chief executive Eric Schmidt holds approximately 1% of artificial intelligence company Anthropic, positioning him for one of the largest individual windfalls from the startup's planned initial public offering, Bloomberg reported. Schmidt secured the stake after writing a personal check for tens of millions of dollars during Anthropic's 2021 Series A funding round, which valued the company at $461 million at the time.[2][1][3]
The early bet has expanded substantially in value alongside Anthropic's rapid private-market growth. Following a private round that valued the startup at $965 billion, Schmidt's 1% position was estimated to be worth around $10 billion. As the company prepares for an IPO, early discussions among prospective investors have floated valuations between $1.5 trillion and $2 trillion, potentially placing the value of Schmidt's share between $15 billion and $20 billion.[3][5]
Anthropic is preparing to pitch the offering to prospective public market investors, with expectations that shares could begin trading before the end of the year. The holding is also reported to include a gallery.[3][4]
Key facts
- Eric Schmidt owns roughly 1% of Anthropic following an early investment in the startup.
- Schmidt obtained his stake by investing tens of millions of dollars during Anthropic's 2021 Series A round, which valued the startup at $461 million.
- A private funding round valuing Anthropic at $965 billion placed the estimated value of Schmidt's stake at $10 billion.
- Prospective investor discussions for Anthropic's IPO have discussed valuations of $1.5 trillion to $2 trillion, which would value Schmidt's 1% share between $15 billion and $20 billion.
- Anthropic is expected to pitch prospective investors soon, with shares anticipated to begin trading before the end of the year.
- The reported holding reportedly includes a gallery, according to posts citing Bloomberg.
Sources · 5 sources
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TechmemeArticle ·
Sources: Eric Schmidt, who owns ~1% of Anthropic after investing tens of millions in its Series A, is poised to have one of the largest windfalls from its IPO (Bloomberg) Bloomberg : Sources: Eric Schmidt, who owns ~1% of Anthropic after investing tens of millions in its Series A, is poised to have one of the largest windfalls from its IPO — Former Google Chief Executive Officer Eric Schmidt owns around 1% of Anthropic PBC thanks to his early investment in the startup …
Open source - BL
Bloomberg@businessPost on X ·
Former Google CEO Eric Schmidt owns around 1% of Anthropic thanks to his early investment in the startup, according to people familiar with the matter, setting him up for one of the largest individual windfalls from the company’s imminent public market debut. https://t.co/IF21QQEozC 📷: Eva Marie Uzcategui/Bloomberg
Open source - WE
webulite@webulitePost on X ·
Former Google chief executive Eric Schmidt is positioned to reap a significant financial payout from the upcoming public debut of Anthropic. Schmidt acquired roughly a one percent stake in the artificial intelligence firm after writing a personal check for tens of millions of dollars during its 2021 Series A funding round, which valued the company at just 461 million dollars at the time. With Anthropic preparing for an initial public offering, that initial stake has grown substantially in value. Following a private funding round that valued the startup at 965 billion dollars, Schmidt's holding is estimated to be worth around 10 billion dollars. Furthermore, with early prospective investor discussions floating IPO valuations between 1.5 trillion and 2 trillion dollars, the market debut could potentially value his one percent share between 15 billion and 20 billion dollars. The potential windfall underscores Schmidt's expanding investment focus on frontier artificial intelligence ventures. Reports indicate that Anthropic could begin pitching the offering to prospective public market investors, with expectations that shares could begin trading before the end of the year.
Open source - AG
AGTP@AGTPinsightsPost on X ·
BREAKING: Former Google CEO Eric Schmidt owns a 1% stake in Anthropic, Bloomberg reports. The holding reportedly includes a gallery.
Open source - PO
Polymarket@PolymarketPost on X ·
JUST IN: Former Google CEO Eric Schmidt revealed to own roughly 1% of Anthropic, a stake potentially worth $20,000,000,000.00 ahead of the company's IPO.
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