Hemant Taneja
๐ค SpeakerAppearances Over Time
Podcast Appearances
And I think it's going to accelerate from here.
Well, look, so Anthropic builds language models.
It's got some of the best models out there.
There's a couple of companies that are doing a good job with that.
And then they've got cloud on top, which is, to me, the essence of transforming the engineering department of an enterprise, right?
And that's a killer application where everybody is now using these tools.
So that business, when we invested, was doing about $880 million, which was a 10x growth from the year before.
10x year over year.
10x growth the year before.
And then this last year, they've announced this, they're growing another 10x or more.
And so when you look at that, and we invested at the $60 billion valuation, assuming it's going to be like a 3x growth from there, because those are staggering numbers, and it does 10x.
Can't predict it, but to see adoption is so fast.
And so you look at that and say, so we ended up investing at,
you know, a eight, nine, $10 billion kind of run rate business at 60 billion.
That's the cheapest deal that got done last year in venture capital.
On a financial basis.
So we just have to get our head around what does scale really mean?
And are we in the business of creating what we used to think was like, can we create decacorns?
Now we're talking about can we create trillion dollar companies, right?
I mean, that's not a pie in the sky idea with Anthropic and OpenAI and a couple others.