A feeding frenzy is described as vicious competition triggered by perceived abundance. The phrase became popular in mid-century language to describe sharks attacking large schools of fish. Anthropic, maker of Claude, is expected to go public and is raising a new funding round. The company is reportedly seeking up to $50 billion at a valuation near $900 billion, after last being valued at $380 billion. Investors and brokers describe the situation as abnormal, citing clumped, pent-up demand and limited clean exit paths. Reported revenue run-rate figures are treated as estimates rather than reality, but demand is still driving intense activity in the secondary market.
"Anthropic, the maker of Claude and last publicly valued at a now-quaint $380 billion, is raising a new round of funding-the company's reportedly looking to rake in as much as $50 billion at a valuation in the $900 billion ballpark. And talking to brokers, investors, and founders about it, they all had the same, clear message: This is not normal."
""Anthropic has all this clumped-up, pent-up demand, and it's like a pressure cooker ready to explode," said Hari Raghavan, an angel investor and founder who's currently starting a new fund with longtime private capital markets executive Clara Vydyanath. "If you have pent-up demand and a lack of clean paths you can use to vent the exhaust, what happens is that the whole thing blows up.""
"The demand for Anthropic is explosive, four industry insiders agreed. At the start of this decade, Anthropic didn't exist, and this year, the company's ostensibly set to take in $45 billion. This reported (and eye-watering) figure appears to be annualized revenue run rate, which is definitionally dicey-it's a snapshot-estimate of where revenue will land if recent pace holds. That number isn't reality, not yet."
"But reality isn't the driving force around the tidal wave of demand for Anthropic shares. It all started in late April, when Anthropic put out a call for investor allocations: The me"
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