Anthropic Equity Grants Turn Into $125M-$250M Windfalls For Employees

@rohitdotmittal Rohit doesn't seem to understand dilution

@toly @rohitdotmittal Facts.

Capital gives you options.

Wealth is knowing what to do with them.

Same reason conviction matters more than size. 🐙🚀 solana:oCToFrqzfrsXQ2qEG3FF4wjR2pCm3HKC8ra81XYWyoz

@rohitdotmittal Capital != wealth

@rohitdotmittal I wasn't aware you can just be a VC without understanding how employee option pools work. Good to know.

@rohitdotmittal Try more like 10-15m. The dilution has been insane.

@rohitdotmittal Dude it's been 50x since the *seed* round.

If you joined 2 years ago you would have 19.6xed. Still great, but you're off by more than a factor of 3.

@rohitdotmittal Sir how are you going around buying VC backed companies without understanding dilution or is this engagement rage bait.

@rohitdotmittal They’ve been diluted into oblivion, and the lockups are also going to be crippling

Likely looking at $10-15M with dilution and multi-year lockups

Still crazy, but not 9-fig crazy

@ryxcommar @rohitdotmittal That also describes like twenty people, Anthropic was tiny four years ago!

@DicksonPau @rohitdotmittal Far more than half, Dickson

@rohitdotmittal Startups are not giving out $500k/y in equity.

@avocadoking88 @rohitdotmittal There’s only been 28% equity dilution since early 2024 the numbers don’t change that much

@avocadoking88 @rohitdotmittal Since late 2023? No, I don’t think so. The math seems to say dilution closer to 25-30%

Uhhh what do you mean "ignoring the dilution" for a company that has raised >$100B since then?

The price was $30 / share at $18B, and $589 / share at $965B.

@rohitdotmittal Never in history. Maybe when the new world was discovered and parcelled out.

The social impact this wealth creation will have is not obvious: it will be category different to "just more rich people."

Entire *industries* will be created to cater to this.

Anthropic was ~$18.4B post-money in Feb 2024. Now $965B post-money (May 2026 Series H) — ~52x growth.

Rohit’s math is a reasonable directional estimate. A $2M 2024 equity grant is likely worth $80-120M+ today even after dilution.

Yes, employees dilute with each round as new shares issue. But valuation growth has vastly outpaced it, creating enormous paper gains for those grants.

@rohitdotmittal @grok what was Anthro's valuation in 2024? Does Rohit's math check out? Employees wouldn't have gotten diluted?

@toly @rohitdotmittal Capital is not wealth

but senders wants all your capital to generate his wealth

@haridigresses Didn’t it raise at $18B in 2024 and now at $1 trillion? Maybe IPOs at $1.5T to $2T.

*ignoring the dilution.

@rohitdotmittal Anthropic and Spacex are going to bail out California’s budget deficit and Calfornia will squander this opportunity by doubling down on spending instead of making much needed budget cuts. The state will be back in a giant deficit again in 1-2 years.