this post was submitted on 26 Oct 2026
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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Obligatory Anthropic IPO sneer subthread. They are trying to value themselves at $2Tn despite losing $80bn in the first half of the year. Anyone wanna hold my bag?
According to my feed either anthropic is doing gloriously in inference and will soon be distilling its own models and undercutting even the chinese, or this is this is the most worrisome IPO in the history of finance and even convertible note holders are selling off their equity IOUs.
Choose your own reality ass timeline.
edit: link to sec.gov
from r/wallstreetbets of all places
There is also this gem:
the s-1 that’s now public is also stunningly devoid of numbers. multiple inputs and areas that have literal empty-spaces gaps for numbers
They're backed into a corner where any number high enough to not be embarrassing for everyone involved is wildly unrealistic and any realistic number is going to be embarrassingly low. Trying to leave blanks so that someone else has to provide the actual numbers is basically the only option that doesn't involve committing lots of fraud.
BetterOffline post for additional sneers