Practical Venture Capital
Coverage of Practical Venture Capital in the Nexus archive.
- Anthropic has soared to a $1.5 trillion valuation on secondary markets. Almost no one wants to sell.
Anthropic's secondary valuation has recently soared to $1.5 trillion, marking a 25% increase over the past month, even as competition intensifies from companies like OpenAI and China's Moonshot AI. Despite the high valuations, obtaining shares on the secondary market is described as incredibly difficult for investors, who are positioning themselves ahead of an expected IPO.
- OpenAI has seen a 'resurgence' of interest in secondary markets.
OpenAI has experienced a resurgence in secondary market demand after releasing new models and the AI coding agent Codex, though Anthropic remains the more sought-after company. Investors previously favored Anthropic, but OpenAI's recent advancements have increased its appeal in an illiquid market where shares are traded pre-IPO.