Shreya Murthy
👤 SpeakerAppearances Over Time
Podcast Appearances
So Anthropic confidentially submitted a draft S-1 registration statement to the SEC June 1st.
That was yesterday.
Liz Hoffman said, reminder that the ability to confidentially file an IPO was a 2012 rule.
change meant to ease small companies, meaning less than a billion dollars of revenue, into the markets.
And it was later expanded to what we're... Yeah, it was meant to be like a smoke grenade.
A smoke grenade lets you talk to investors before you get out.
Did we change the camera?
So she asked the question of like, what are we even doing here?
And I was curious, like, what are we doing here?
Like, why do all these companies file confidentially and then the S1 comes out?
This is what SpaceX did.
It's not like Anthropix unique in this.
This is very much standard practice at this point.
But how did we get here?
And why?
Is this good?
Do I like this?
I don't know.
Let's find out.
So, first, the basics.