Anthropic IPO Wealth Creation
Anybody else baffled by the level of wealth creation for the employees over there? Not sure if some of the numbers floating are true but they seem directionally accurate
Makes one question PE wealth creation
Not comparable because us finance wankers wouldn't get hired as software engineers at Anthropic anyway
Not surprised. Opportunities with the best upside per units of risk taken usually are found in industries with significant positive tailwinds because they allow younger people to accrue real economics (talent pool doesn’t have the depth given fast growth).
PE is a mature hierarchical industry. You won’t make real money young (if ever?) there.
Echoing comment above re: economic tailwinds. The same “level” of wealth creation occurred in PE 20 years ago. The industry was way less crowded and the competition was VASTLY less fierce both on the investing side and even the recruiting side. The truth is that the economics don’t work out for us who are relatively new to this somewhat matured industry. Idc what anyone says.. the people who are Partners today had it way easier than we do.
Is the method either joining a growing micro-fund for a faster path to carried interest? What is the solution for wealth creation today?
I haven’t looked into the math or numbers myself but they do seem a little unbelievable.
My intuition is that equity is more uneven than we think and early joiners got REALLY rich and late joiners (12-18 months before IPO) will get a few million.
They can’t all dump for a while post-IPO though and candidly they deserve it. Everyone and their mother wanted to work there, they got the most pedigreed and capable people from all industries on-boarded, and they created the mother of all tech companies in a matter of a few years.
Maybe it’s so mindbogglingly high though I just refuse to accept it but truly there will be several hundred decamillionaires minted.
It's cool to see!
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