Eric Schmidt's 1% Anthropic Stake Sets Up Massive Windfall Ahead of IPO, Bloomberg Reports

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• Former Google CEO Eric Schmidt made a tens-of-millions-of-dollar investment in Anthropic's 2021 Series A round, when the company was valued at $461 million per PitchBook data; he now holds about a 1% stake, Bloomberg reported.
• With Anthropic's IPO valuation discussed in a range of $180 billion to $2 trillion — more than 4,300 times the Series A valuation at the high end — Schmidt's net worth could rise about a third to roughly $80 billion; applying the most recent $965 billion valuation would add about $10 billion to his existing $57.5 billion net worth.
• Anthropic's IPO is expected to rival or exceed the size of SpaceX's record $1.77 trillion IPO completed in June, with share marketing possibly beginning the week of November 9, trading starting before US Thanksgiving, and listing expected by year-end at the latest; Schmidt's investment vehicles (TomorrowVentures, Innovation Endeavors, and family office Hillspire), historically focused on consumer internet and software, have more recently expanded into AI, including stakes in Mistral AI, Reflection AI, and World Labs.

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