FTX/Alameda’s bet on Anthropic would’ve been one of the greatest VC investments ever
$500M → $30B (60x)
👾We’re even earlier on@rei_labs
• shipped training at inference
• compounding per user
• no model ceiling
No 100x upside without day-to-day volatility
$REI
ANTHROPIC
• Cost: $500M (2021, ~8% stake)
• At shutdown (Nov ’22): ~$500M (break-even on paper)
• If held today: 8% × $380B valuation = $30.4B
• Return: ~60x
That single bet alone would’ve been one of the greatest venture investments ever made.

