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alberth • yesterday at 6:45 PM • 3 replies • view on HN

Valuations are a function of growth rate.

Anthropic growth rate is truly unprecedented at it's scale.

They are 10x revenue YoY.

  2024:   ~$0.4B
  2025:   ~$4.0B
  2026: ~$100.0B
Note: I'm not justifying it, just explaining how the markets are rationalizing it.

Replies

ml-anon • yesterday at 6:59 PM

If I was selling dollars for 50c and Nvidia, alphabet and Amazon giving me dollars for a piece of my company, my revenue growth would be the same. That’s what Anthropic is doing.

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eujd • yesterday at 6:54 PM

Stop posting nonsense ok?

Valutions are a function of cash flows, growth of those cash flows and risk. Don’t forget to discount properly on your way out.

nonethewiser • yesterday at 6:51 PM

Hackernews commenters generally dont care about the Anthropic's financials because they have unassailable grievances.

At $2T Anthropic would need to look roughly like Alphabet today by 2030 for investors to earn a normal market return (20-25X earnings). That or similar baselines should be the basis of discussion, not if AI is overhyped, if it will grow faster than Amazon did, oligarchy(?), etc.