←back to thread

Anthropic raises $13B Series F

(www.anthropic.com)
585 points meetpateltech | 1 comments | 02 Sep 25 16:04 UTC | HN request time: 0s | source
Show context
ankit219 ◴[02 Sep 25 16:35 UTC] No.45105422[source]▶
Their projections for ARR at the end of this year at a high of $9B[1] at the end of this year. And reported gross margins of 60% (-30% with cloud providers partnerships). All things considered, if this pans out, it's a 20x multiple. High yes, but not that crazy. Specially considering their growth rate and that too at a decent margin at gm level.

[1]: It was $3B at the end of May (so likely $250M in May alone), and $5B at end of july (so $400M that month).

replies(3): >>45106080 #>>45110501 #>>45111948 #
1oooqooq ◴[02 Sep 25 17:19 UTC] No.45106080[source]▶
exactly. what are people who make these investments even betting on? it certainly is not revenue or dividends. so it can only be a bet the stock will go up faster than other less risky stocks.

and we continue to pretend that market generates any semblance of value.

replies(2): >>45109730 #>>45110403 #
1. utyop22 ◴[02 Sep 25 22:05 UTC] No.45109730[source]▶
But if you're an investor who doesn't care about the long-term value of the firm, all you care about is maximizing your return on future sales of the shares of stock.

Doing proper intrinsic valuation with technology firms is nigh-on impossible to do.