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Iconiq

2 GoKawiil briefs on this topic

Investors warn AI startups are inflating ARR to fake product-market fit

At TechCrunch Disrupt, Iconiq partner Anu Bharadwaj, Sapphire Ventures partner Rajeev Dham, and Superhuman founder Rahul Vohra discussed how startups are obscuring whether their revenue is true annual recurring revenue or just annualized run rate from short-term pilots. Bharadwaj said founders often avoid specifying which metric they're citing, and warned that revenue concentrated in a few customers or easily replaced by competitors signals weak product-market fit.

Anthropic backers' stakes worth billions ahead of expected IPO

Bloomberg estimates the value of stakes held by several Anthropic investors based on the company's latest private valuation of $965 billion, ahead of a public listing expected this year that could value the AI firm at up to $2 trillion. Early investor Eric Schmidt's roughly 1% stake is estimated at nearly $10 billion, while Iconiq's $6 billion investment is now valued at $17 billion, Menlo Ventures' stake at $14 billion, and Spark Capital's $75 million Series C investment has grown to about $7 billion.