Chart: a $1M Anthropic grant at 2023's Series C is now worth $78M
FinanceYF5 · x · 2026-10-30
A levels.fyi chart based on Anthropic's S-1 shows what $1M of stock granted at each round price is worth at a $1.5T IPO ($87/share after the 10-for-1 split):
- 2023 Series C ($1.12/share): $78M, a 78x return
- 2024 Series D ($3.00/share): $29M, 29x
- Early 2025 Series E ($5.61/share): $16M, 16x
- Late 2025 Series F ($14.10/share): $6.2M
- Early 2026 Series G ($25.91/share): $3.4M
- Mid 2026 Series H ($58.90/share): $1.5M, just 1.5x
At the $2T target ($118/share), every bar is 36% higher. Figures are pre-tax, before strike costs; 2023-24 grants hold more shares than 2026 grants.
Related event: Anthropic IPO Valuation Expectations Cool to $1.5 Trillion(3 posts)→
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