Curious about the deal value/price — any clues whether it was just to make existing investors even (so say up to $30M) or are we talking some multiple? But if it's a multiple, even 2x sounds a bit crazy.

One option is that the current Bun shareholders didn't see a profitable future and didn't even care if they were made even and a return of the remaining cash was adequate.

Another option is that this was an equity deal where Bun shareholders believe there is still a large multiple worth up potential upside in the current Anthropic valuation.

Plus many other scenarios.

i don’t get it either - bun being the foundation of tons of AI tools is like a best possible outcome, what were they hoping for when they raised the money? Or is this just an admission of “hey, that was silly, we need to land this however we can”? Or do they share major investors and the therefore this is just a consolidation? (Edit: indeed, KP did indeed invest $100M in Anthropic this year. I’m also confused - article states Bun raised 26M but the KP seed round was 7, did they do the A too but unannounced? Notably, the seed was summer 2022 and chatgpt was Nov 30, so the world is different, did the hypothesis change?)