Amazon, not VCs, stands to make the most from Anthropic's IPO
Amazon, not venture capital firms, stands to make the most from Anthropic's IPO, TechCrunch calculates based on the S-1 filing. Of the roughly $18 billion Amazon has invested in the company, $8 billion went into convertible notes, which Amazon valued at $97.9 billion as of June 30. No VC firm holds even 5% of the company - Menlo Ventures' stake of about 1.5% is worth roughly $14 billion, according to Bloomberg. Amazon will also profit as a supplier: Anthropic has committed to spend at least $110 billion on AWS over 10 years.