Who’s made big money in AI these past few years? The multiplier game in AI investments—Carles Reina, partner at Baobab Ventures @Baobab_Ventures, invested in ElevenLabs during its pre-seed round when the valuation was $5 million, achieving a return of over 2500x. Google’s former CEO Eric Schmidt participated in Anthropic’s Series A round in 2021 (at the time, the company’s valuation was approximately $461 million). He now holds 1% of Anthropic’s shares, equivalent to over $10 billion+, with an astonishing return of several hundred times.