alt Hacker NewsThey must be joking with this part:
"Before starting the IPO process, we spoke to many business leaders who had gone through a similar process in the past. One piece of advice, which we heard in slightly different forms from multiple people, stuck with us: never let your company be worth a dollar more than it is actually worth. What they meant is that it is very dangerous when people buy your company's stock based on expectations you cannot fulfill or on incorrect predictions about how you will behave. This is in fact very similar to one of Anthropic's guiding principles: underpromise and overdeliver."
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>This is in fact very similar to one of Anthropic's guiding principles: underpromise and overdeliver."
If this is one of Anthropic's guiding principles, then I must assume that they've only ever promised five 8s of reliability.
This really reminds me of that scene from Wolf of Wall Street where Leo's selling penny stocks out of a strip mall office. "I never ask people to judge me on my successes, I only ask them to judge me on my failures, because I have so few" or something like that.
Sleazy.
To be fair, I spent unbelievable amounts of money on Opus tokens for OpenClaw. Easily my biggest expense this year.
The risk is that other models are pretty comparable to Opus since around July.
Unless they have cheaper electricity costs, I can switch models interchangeably.
They don't have a moat.
Gosh I wish it was easier to short stocks. Whatever platform I used made me sell/buy 100, and I wanted to do this short 3 years long, and buy every 6 months.
We know Tesla and SpaceX are going down at some point. But "The Market can remain irrational longer than you can remain solvant."
And bear ETFs are not the same as shorting. I learned this the hard way with $80.
So they wrote their S-1 with Claude?
I think it's probably fine in anthropic's case but I flinch at the "underpromise and overdeliver" line. Heard way too many people say that and what they really mean is "underpromise and deliver."
Tbf they can pick the IPO price but they can't control the share price afterwards. So this advice is basically to price it conservatively, which seems reasonable.
This isn't a quote from the document - why is it the top comment?
So we are a value stock and a growth stock?
> underpromise and overdeliver
Uhh, they can’t say that or they’re calling it an intentional underestimate which obviates their claimed caution right?
I remember this bit from "Silicon Valley".
Why is that even in such a filing? What is the relevance?
Google did the same thing 20 or so years ago when they IPOed. They didn't phrase it this way, but they did this.
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Could you explain what the joke is? It's very good advice, and should be followed. Also consistent with the beliefs that Anthropic's leadership has demonstrated.
They might be very wrong, but they undoubtedly believe what they wrote and what they put in the S1
I think it's just a rhetorical trick.
If you say it yourself first, you make it harder for people to use it against you.
Of course, this is completely over the top nonsense, but the strategy is very effective regardless.
It only has to be until everyone relevant has cashed out.