venture / analysis
Anthropic at $965B: What Does a $47B Run Rate Actually Mean?
Anthropic’s May 2026 financing put three giant numbers in one announcement: $65B raised, a $965B post-money valuation and a $47B revenue run rate.
S&C EDITORIAL↗
SOFTWARE & CAPITAL
Venture
venture / analysis
AI Took Over 60% of Carta’s Q1 Funding. What About Everyone Else?
Carta recorded $30.4 billion of Q1 2026 startup funding, with more than 60% going to AI. The recovery looks very different outside the hottest category.
S&C EDITORIAL↗
venture / analysis
$159B Valuation: Stripe’s Payday Without an IPO
Stripe’s February 2026 tender offer shows how employees can sell private shares without taking the whole company public. Follow who supplies the cash.
S&C EDITORIAL↗
venture / analysis
5 Numbers That Explain Where Figma’s IPO Money Went
An IPO can fund the company and pay existing shareholders at the same time. Figma’s 2025 offering shows why the headline deal size is not the cash the business receives.
S&C EDITORIAL↗