alt Hacker NewsIsn't the issue tho, that google launched at i dunno a 1bn market cap and grew as the internet grew.
what you're buying into here is a company that is already large on the idea of growth over the next 10 years.
Modern IPO's just reek of investors cashing out
> google launched at i dunno a 1bn market cap and grew as the internet grew
Google closed its first trading day "worth more than $25 billion" [1] with $1.5bn revenues, up 234% from 2002's $440mm [2]. That's a 16x revenue multiple, 0.07 growth adjusted [3].
On a similar revenue multiple, Anthropic's $16.3bn half-year earnings are worth $543 billion. Adjust for Anthropic's 1,400% YoY growth and you're well over $3 trillion.
Obviously, it's a lot harder to grow at a thousand percent from a $16bn baseline versus a few billion. But purely on a multiple basis, Anthropic is in a similar ballpark as Google.
[1] https://www.nytimes.com/2004/08/19/technology/shares-of-goog...
[2] https://www.sec.gov/Archives/edgar/data/1288776/000119312504...
[3] https://www.investopedia.com/terms/p/pegratio.asp