Anthropic IPO makes wealth: VCs make billions of dollars per person, FTX misses out on billions of dollars in returns early Dynamic Beating AI News: Anthropic plans to be launched as early as mid November. The market is discussing giving it an IPO valuation of about $1.5 trillion, which is about 55% higher than the $965 billion financing valuation in May this year. Based on this potential valuation, multiple investment institutions will receive huge book returns of over billions of dollars per capita: 1 Spark Capital invested $75 million in 2023, and now its holding value may reach approximately $10.9 billion. At that time, Anthropic was valued at only about $5 billion. Spark has also obtained a board seat, making it the only known venture capital firm with a board seat. 2. Sound Ventures: Initial investment of $35 million, followed by an additional $400 million. This institution, co founded by Hollywood agent Guy Oseary and actor Ashton Kutcher, also entered the market in 2023 and now holds shares worth billions of dollars. 3. Menlo Ventures: Accumulated investment of over $1 billion, with a holding value of approximately $21.8 billion. This includes a $500 million Series D investment. When Menlo first entered in May 2023, Anthropic was still seen as a weak challenger to OpenAI with a small revenue scale. Iconiq: Only entered the market in 2025, with a cumulative investment of over 6 billion US dollars and a possible holding value of approximately 26.4 billion US dollars. At the time of its initial investment, Anthropic was valued at $183 billion. Nevertheless, this investment still has a book value increase of nearly $20 billion. 5. Sequoia Capital: Only started investing this year, with a cumulative investment of about 3 billion US dollars and obtaining about 1% of the shares. According to the latest valuation, the holding value is approximately $15 billion. Sequoia had previously invested in OpenAI and xAI, but did not participate in Anthropic at one point and eventually entered the market. 6. Singapore's sovereign wealth fund GIC: First investment in 2025, with a cumulative investment of over 4.5 billion US dollars. Now holding about 1% of the shares, valued at approximately $15 billion according to the latest valuation. Former Google CEO Eric Schmidt: invested millions of dollars as early as 2021. Currently holding approximately 1% of the shares, valued at around $15 billion, he is one of the individual investors with the highest potential returns. 8. FTX: Invest $500 million in 2021, initially holding 13.56% of the shares, which will be diluted to 7.84% by 2024. Subsequently, due to bankruptcy liquidation, the shares were sold out and approximately 1.3 billion US dollars were eventually recovered, resulting in an actual profit of 800 million US dollars. If held continuously, based on a ratio of 7.84% at that time and a potential IPO valuation of $1.5 trillion today, the theoretical value of the shares is approximately $117.6 billion, which is $116.3 billion higher than the actual selling price. However, this calculation does not take into account the dilution of equity in subsequent financing, and the actual value will be lower. FTX's shares have not disappeared out of thin air either. In 2024, FTX sold all Anthropic shares in batches during bankruptcy liquidation. The first batch of transactions worth approximately $884 million involved 24 buyers, with Abu Dhabi sovereign wealth fund Mubadala affiliated company ATIC buying approximately $500 million, Jane Street buying $100 million, and Fidelity funds buying $45 million. In addition, Lightspeed holds less than 2% of the shares. Google、 Amazon, Nvidia, Microsoft, as well as Founders Fund, Coatue, Altimeter and other institutions have also invested in Anthropic, but currently there is not enough complete public position data to accurately calculate returns for each company. [Original link]