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Anthropic's Voting Power Grab, Fed Rate Lock & CVC's $10B Secondaries Signal
Audio is available on Spreaker — see link below.
Anthropic's founders are seeking 51% voting control at IPO despite owning just 2% of the equity — and the structure says everything about where founder-investor power is heading. Plus: the Fed kills exit timing, CVC doubles its secondaries fund, and Corgi's $5B valuation has a data problem.
Audio is available on Spreaker — see link below.
Dario Amodei and six Anthropic co-founders are seeking shareholder approval to lock in fifty-one percent voting control before the company goes public, despite holding roughly two percent of the economic stake. That's the lead story today, and the structure behind it tells you something real about where founder-investor power dynamics are heading.
The Fed just lifted rates to a range of three-point-seven-five to four percent, the first increase since twenty-twenty-three. Sixteen of eighteen officials now project further increases through twenty-twenty-seven, with no cuts on the near-term horizon.
CVC just closed a ten billion dollar secondaries fund, double the size of its prior round. That's not just a fundraising milestone.
On the funding side, AI insurance startup Corgi raised a sixty-four million dollar extension at a five billion dollar valuation. The headline is clean enough.
A few other moves worth noting. Erste Group closed its acquisition of forty-nine percent of Santander Bank Polska for six-point-eight billion euros, with plans for a further tender offer to increase its stake.
Morgan Stanley raised one-point-three billion dollars for its first growth equity fund. The implication is straightforward and worth naming.
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