Business Insider
Business Insider
US · 17 mins ago

San Francisco is totally unprepared for the coming wealth tsunami

Getty Images; Tyler Le/BI Say you joined Anthropic in 2024. The company offers you a competitive compensation package: a $400,000 salary and $1.3 million in equity. You're feeling pretty cush. Flash forward to July 2026. In the two years that you've worked there, the company's valuation has grown from $18 billion to $965 billion. With Anthropic on the precipice of a public stock market debut, your equity in turn has ballooned by more than 5,000% to $72 million. Even by Bay Area tech standards,…
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