EX - GOOGLE CEO ERIC SCHMIDT 1 % ANTHROPIC STAKE SET TO PAY HUGE WINDFALL

What happened: Former Google CEO Eric Schmidt owns about 1% of Anthropic from his investment in the startup's Series A round, positioning him for a large windfall from its imminent IPO. Key numbers: Schmidt invested tens of millions in the 2021 Series A, when Anthropic was valued at $461 Why it matters: The IPO is set to generate massive windfalls for employees and investors, and Anthropic's seven co-founders are already worth $8 billion each based on its last funding round. A $2 trillion debut would make Schmidt's Anthropic bet outperform Innovation Endeavors' early Uber investment. Coverage: 3 outlets in 24h

Former Google CEO Eric Schmidt owns about 1% of Anthropic from his investment in the startup's Series A round, positioning him for a large windfall from its imminent IPO.

The IPO is set to generate massive windfalls for employees and investors, and Anthropic's seven co-founders are already worth $8 billion each based on its last funding round. A $2 trillion debut would make Schmidt's Anthropic bet outperform Innovation Endeavors' early Uber investment.