All 7 Anthropic founders will each cash out about $250M in IPO

Summary

• Anthropic plans an IPO potentially valuing the company at $1.4 trillion.
• The company's S-1 filing discloses that each of its seven co-founders intends to sell 3,378,378 shares.
• The initial price range for the shares is set between $70 & $78.
• At a mid-range price of $74, each founder would receive nearly $250 million.
• At the low end of $70, each founder would receive just over $236 million.
• At the high end of $78, each founder would receive just under $264 million.
• Board member Reed Hastings intends to purchase $300 million worth of shares through his donor-advised fund.
• Board member Christopher Liddell intends to purchase $3 million worth of shares.
• The seven co-founders are CEO Dario Amodei, President & Chair Daniela Amodei, Chief Compute Officer Tom Brown, Head of Public Benefit Jack Clark, Chief Science Officer Jared Kaplan, Chief Architect Sam McCandlish, & Interpretability Research Lead Christopher Olah.
• After the sale, each founder will own approximately 3.2% of total outstanding Class A shares, totaling roughly 22% collectively.
• The founders' stake in total company equity is smaller than their Class A percentage due to non-voting Class N shares held by investors like Amazon & Google.
• Each founder will receive one share of Class F stock carrying supervoting rights.
• Collectively, the founders will control 51.1% of the votes with no single founder holding significantly more shares or votes than the others.
• The seven founders left OpenAI in 2021 to form Anthropic following disagreements over AI development approaches.
• Anthropic publicly states it prioritizes AI safety more than its rivals, including its former employer OpenAI.