Gavin Baker reveals the $2 trillion Anthropic valuation was leaked by banks who lost the IPO deal "As far as the IPO and the $2 trillion valuation, I'm a little skeptical." "We saw this with SpaceX. Everybody's jockeying to be lead left for Anthropic and if you lose, the first thing you want to do is make whoever's lead left look bad. So you leak to the press and say, 'hey, we're in the room, the bar is a $2 trillion IPO.'" "We haven't seen the S-1. If you're bringing a company out responsibly, you want to price it in such a way that you can absorb the lockup. You don't want to price it really high and create a lot of volatility, that's very disconcerting for employees. You do not want anyone distracted at this moment." "Maybe it is $2 trillion, maybe it is $2 and it trades to $3. But these leaks are always coming from the banks who probably lost lead left, and they want to make lead left look bad." "If it comes out at $2 trillion, it probably means testing the waters went well, and they've got a lot of confidence about where it's going to trade."