| ▲ | Anthropic IPO filing: $1.7B quarterly payroll, about $107K per employee monthly(techspot.com) |
| 27 points by entryleveljobsc 2 hours ago | 20 comments |
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| ▲ | shawabawa3 44 minutes ago | parent | next [-] |
| Turns out if your valuation goes up by 100x you employee stock packages go up 100x Mind blowing I know |
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| ▲ | echelon 14 minutes ago | parent [-] | | It it wasn't for competing models, this would all make sense. If this was just OpenAI and Anthropic, this money would represent all of your salaries being soaked up and your job functions being privately consumed by two companies. Fire three quarters of your eng staff and subscribe to Anthropic is a valid trillion dollar business. Scary to say, but that's the value prop on the filing. Except that there's actually tons of competition and no moat. The math problems are just a distraction from that. How on earth are you worth a fraction of that when there are a dozen Chinese companies doing the exact same, with half of them just giving away the goods for free? | | |
| ▲ | glimshe 5 minutes ago | parent [-] | | It's not the exact same. People aren't giving Anthropic billions because they are idiots or dislike the Chinese. I don't disagree that Anthropic has no long term moat but they have been a LOT better than the Chinese models since the beginning. As programmers, we're natural optimizers. And we frequently deliver solutions that aren't always the best, but just "good enough". Guess what, the Chinese models, Mistral, Argon etc, aren't "good enough" for a lot of tasks. That's why people pay for Claude. |
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| ▲ | stingraycharles 42 minutes ago | parent | prev | next [-] |
| Yeah ok of which $1.1B is stock options, so more like $40k a month in actual salary. |
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| ▲ | frays 6 minutes ago | parent | next [-] | | A $480k annual base salary for an average employee is mind blowing. Add another $500k in stock options on top of that, and most of these folks shouldn't have to worry about their future even if we reach RSI and ASI. | |
| ▲ | numbsafari 8 minutes ago | parent | prev [-] | | Oh, ok then. … this is fine … |
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| ▲ | kd913 42 minutes ago | parent | prev | next [-] |
| Forgive me but this money grab from AI labs, MAG7 and Silicon companies is frankly disgusting. It is not for the benefit of society, it is not good engineering, it is pure financial fuckery. ENRON smartest guys in the room esque. Am encouraging everyone I know to dump US bonds, US stocks because to hell with these hucksters trying to steal my pension. |
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| ▲ | Gareth321 5 minutes ago | parent | next [-] | | I don't understand. People are fighting to get into funding rounds for Anthropic. No one is forcing anyone to invest. Anthropic isn't stealing any money, | |
| ▲ | davidguetta 35 minutes ago | parent | prev [-] | | They did prove some math theorems tho | | |
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| ▲ | cmiles8 34 minutes ago | parent | prev [-] |
| Hence another problem for Anthropic if it becomes public. Outsized stock based compensation when you’re posting massive GAAP losses just makes it look like you’re robbing shareholders… because in a real sense you are. |
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| ▲ | Gareth321 3 minutes ago | parent | next [-] | | Stockholders have full knowledge about the total cost of these compensation packages. They're not being tricked into investing. It doesn't satisfy any definition of robbery. | |
| ▲ | gruez 31 minutes ago | parent | prev | next [-] | | By that logic is every SF startup that pays 6 figure SWE salaries and offering perks like catered lunches but aren't making any money also "robbing shareholders"? | | |
| ▲ | Havoc 27 minutes ago | parent | next [-] | | Can certainly be framed that way. And the second the returns wobble it will be. | |
| ▲ | cmiles8 28 minutes ago | parent | prev [-] | | Yes, but they’re not public companies. VCs go into the game knowing they’ll be diluted. The pension fund that owns your public company has different views. Public markets view this very differently hence why it’s getting attention this morning. |
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| ▲ | gumby 16 minutes ago | parent | prev [-] | | Robbing shareholders? That same mentality justified Ballmer’s decision to replace free coffee with paid coffee machines. Which marked the beginning of a long decline for MS: an increased stock price but long term internal atrophy. The shareholders benefit when the employees have an incentive to do good work. | | |
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