RSU Valuation for current Anthropic offers?
This is a niche question but if anyone has any insights I would appreciate it. First off, some might say that I need to focus on getting the offer before worrying about comp, but I'm asking this question for a specific strategic reason.
I'm in the loop at Anthropic and about to schedule my onsite. I'm feeling rusty and would like to schedule it as late as possible to give myself more time to prep. I've read the reports of Ant raising a new round at a $900B+ valuation. If right now Ant is still issuing RSUs at near the $380B valuation from February then it probably makes more sense for me to rush the process and see if I can squeeze in. Does anyone have insights into what valuation the Ant RSU grants are based on for new offerees right now?
My understanding of how this usually works is that each equity grant has to be approved by the Board after the person starts the job. That can happen on the start date or maybe even weeks later. The offer letter typically has a target dollar amount for RSUs over four years, and the denominator used to calculate the number of RSUs the employee actually receives is based on the 409A valuation of the company on the grant date when the Board votes to approve.
While it seems no term sheets have been signed yet for the new round, my understanding is that sometimes a company pauses grant issuance when they're deep into a fundraise and then approves all new grants once the funding round is finalized. I also understand that sometimes even between rounds a 409A valuation can be updated if material changes have occurred in the business (such as Ant's exponential ARR growth or the fact that they've received multiple offers valuing them at much more than $380B). All this to say there might not be much of a gap between the current 409A and where Ant lands in this latest funding round. If anyone has any visibility here it would be really helpful. Please feel free to DM me if preferred. Thanks in advance.