Anthropic's $44B Revenue Run Rate, SpaceX's $75B IPO Problem, and the Retail VC Trap | Ep 34 episode artwork

EPISODE · May 14, 2026 · 1H 3M

Anthropic's $44B Revenue Run Rate, SpaceX's $75B IPO Problem, and the Retail VC Trap | Ep 34

from trading places · host Practical Venture Capital

Anthropic is now reportedly running at a $44B ARR pace, secondary markets are valuing it north of $1T, and demand is turning into full-scale FOMO.This week on Trading Places, Dave McClure and Aman Verjee break down:00:00 — cold open00:39 — [ tech and vc news ] 01:53 — Markets ATH during Iran war 💥06:45 — SpaceX + Anthropic $4B deal 🤝10:51 — New NASDAQ rules benefit SpaceX 🔔15:21 — Anthropic raising $50B @ $900B, ARR accelerating 📈18:20 — Sam and Elon courtroom drama 🍿23:21 — Cerebras IPO 20x oversubscribed 🥊25:14 — SaaS-pocalypse continues ⛈️📉27:47 — [ valuation corner: retail VC part 1 ]Non-accredited investors want private stock 🙏29:11 — Robinhood Ventures w/ Sarah Pinto & Vlad Tenev 1️⃣30:15 — Fundrise w/ Ben Miller 2️⃣33:00 — D/XYZ w/ Soheil Prasad 3️⃣36:39 — Which would Dave pick? 🤔41:35 — [ VC secondary 101 w/ dave mcclure ] What is secondary? 🌈43:03 — Size of the market 📈44:53 — Why people buy/sell 🤷‍♂️47:41 — What are Secret Stallions 🐴48:45 — Three deal strategies 🧠[ links ][ invest = https://practicalvc.com ][ trading places socials = www.linktr.ee/tradingplacespod ][ aman verjee = https://www.linkedin.com/in/aman-verjee | https://x.com/amanverjee ][ dave mcclure = https://www.linkedin.com/in/davemcclure | https://x.com/davemcclure ]Thank you for watching#tradingplacespodcast #secondary101 #vcsecondary #davemcclure #anthropicstock

Anthropic is now reportedly running at a $44B ARR pace, secondary markets are valuing it north of $1T, and demand is turning into full-scale FOMO.This week on Trading Places, Dave McClure and Aman Verjee break down:00:00 — cold open00:39 — [ tech and vc news ] 01:53 — Markets ATH during Iran war 💥06:45 — SpaceX + Anthropic $4B deal 🤝10:51 — New NASDAQ rules benefit SpaceX 🔔15:21 — Anthropic raising $50B @ $900B, ARR accelerating 📈18:20 — Sam and Elon courtroom drama 🍿23:21 — Cerebras IPO 20x oversubscribed 🥊25:14 — SaaS-pocalypse continues ⛈️📉27:47 — [ valuation corner: retail VC part 1 ]Non-accredited investors want private stock 🙏29:11 — Robinhood Ventures w/ Sarah Pinto & Vlad Tenev 1️⃣30:15 — Fundrise w/ Ben Miller 2️⃣33:00 — D/XYZ w/ Soheil Prasad 3️⃣36:39 — Which would Dave pick? 🤔41:35 — [ VC secondary 101 w/ dave mcclure ] What is secondary? 🌈43:03 — Size of the market 📈44:53 — Why people buy/sell 🤷‍♂️47:41 — What are Secret Stallions 🐴48:45 — Three deal strategies 🧠[ links ][ invest = https://practicalvc.com ][ trading places socials = www.linktr.ee/tradingplacespod ][ aman verjee = https://www.linkedin.com/in/aman-verjee | https://x.com/amanverjee ][ dave mcclure = https://www.linkedin.com/in/davemcclure | https://x.com/davemcclure ]Thank you for watching#tradingplacespodcast #secondary101 #vcsecondary #davemcclure #anthropicstock

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Anthropic's $44B Revenue Run Rate, SpaceX's $75B IPO Problem, and the Retail VC Trap | Ep 34

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Anthropic is now reportedly running at a $44B ARR pace, secondary markets are valuing it north of $1T, and demand is turning into full-scale FOMO.This week on Trading Places, Dave McClure and Aman Verjee break down:00:00 — cold open00:39 — [ tech...

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