Former Google chief Eric Schmidt’s 1% Anthropic stake set to pay huge windfall
Eric Schmidt invested tens of millions of dollars in the start-up’s Series A fundraising round.
Former Google CEO Eric Schmidt holds nearly 1% of Anthropic, the artificial intelligence startup, after investing tens of millions of dollars in the company's Series A fundraising round. The imminent public market debut of Anthropic promises to generate a substantial windfall for Schmidt, potentially boosting his net worth by a third to nearly $80 billion.
Anthropic's seven co-founders are already valued at $8 billion each, with early investors projecting a valuation range of $1.8 trillion to $2 trillion for the company. If Anthropic's IPO values at $2 trillion, Schmidt's investment would surpass that of Innovation Endeavors' early bet on Uber Technologies in 2011, which increased in value by 1,400-fold to $82 billion by the time it went public in 2019.
Anthropic's major backers include Alphabet, Amazon.com, Nvidia and Microsoft, as well as venture firms Altimeter Capital, Dragoneer, Greenoaks and Sequoia Capital.
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