OpenAI $830B vs Anthropic $380B: The Future of Private Market Pricing with Tyson Hendricksen | E24
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EPISODE · Feb 24, 2026 · 1H 18M

OpenAI $830B vs Anthropic $380B: The Future of Private Market Pricing with Tyson Hendricksen | E24


from trading places · host Practical Venture Capital

The biggest private round in history just got bigger.This week on Trading Places, Dave McClure and Aman Verjee break down:• OpenAI’s rumored $100B raise at an $830B valuation• Anthropic’s $380B valuation surge• Stripe’s $140B employee tender• Databricks at $134B• Harvey AI jumping to $11B• SCOTUS striking down Trump’s emergency tariffsThen we go deep with Tyson Hendricksen, Founder & CEO of Notice.co, on private market pricing transparency, broker networks, secondary liquidity, and what’s really happening beneath the surface of today’s AI concentration.And in Valuation Corner:OpenAI vs Anthropic — who actually wins?Let’s unpack it.⸻00:00 - cold open00:53 - [ tech & vc news ] 02:09 - ⁠OpenAI @ $830B🥇02:56 - ⁠ Anthropic @ $380B🥈04:02 -⁠ ⁠Stripe tender @ $140B 💸06:38 -⁠ ⁠Databricks @ $134B 🧱08:39 - ⁠Harvey AI @ $11B👨🏽‍⚖️11:07 -⁠ ⁠SCOTUS rejects Trump Tariffs 🙅‍♂️22:30 - [ intvw: Tyson Hendricksen / Notice.co ] 23:17 - ⁠olympic training to 🍍 farmer 26:21 -⁠ ⁠founding Notice.co 💼33:48 -⁠ ⁠product walkthrough 🚶‍➡️ 37:58 -⁠ why people need transparent pricing 👀55:50 - prediction markets 🎰[ val corner: OpenAI vs Anthropic ]1:03:20 -⁠ ⁠OpenAI raise history 🚀1:08:04 -⁠ ⁠OpenAI vs. Anthropic 🥊1:13:43 - ⁠who wins Gold 🥇1:18:07 - second takes⸻[ links ][ invest = https://practicalvc.com ][ donor-advised fund webinar signup = PracticalVC.com/DAF101 ][ trading places socials = www.linktr.ee/tradingplacespod ][ tyson hendricksen = https://www.linkedin.com/in/tyson-hendricksen | https://x.com/thetyson ] [ www.notice.co = https://www.linkedin.com/company/noticedotco | https://x.com/noticedotco ][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 ] *This content is for informational purposes only and should not be considered investment advice.If you care about private markets, AI dominance, and secondary liquidity — this is the episode.👇 Drop your vote in the comments:OpenAI or Anthropic?#OpenAI #Anthropic #AIvaluation #privatemarkets #venturecapital #secondarymarket

The biggest private round in history just got bigger.This week on Trading Places, Dave McClure and Aman Verjee break down:• OpenAI’s rumored $100B raise at an $830B valuation• Anthropic’s $380B valuation surge• Stripe’s $140B employee tender• Databricks at $134B• Harvey AI jumping to $11B• SCOTUS striking down Trump’s emergency tariffsThen we go deep with Tyson Hendricksen, Founder & CEO of Notice.co, on private market pricing transparency, broker networks, secondary liquidity, and what’s really happening beneath the surface of today’s AI concentration.And in Valuation Corner:OpenAI vs Anthropic — who actually wins?Let’s unpack it.⸻00:00 - cold open00:53 - [ tech & vc news ] 02:09 - ⁠OpenAI @ $830B🥇02:56 - ⁠ Anthropic @ $380B🥈04:02 -⁠ ⁠Stripe tender @ $140B 💸06:38 -⁠ ⁠Databricks @ $134B 🧱08:39 - ⁠Harvey AI @ $11B👨🏽‍⚖️11:07 -⁠ ⁠SCOTUS rejects Trump Tariffs 🙅‍♂️22:30 - [ intvw: Tyson Hendricksen / Notice.co ] 23:17 - ⁠olympic training to 🍍 farmer 26:21 -⁠ ⁠founding Notice.co 💼33:48 -⁠ ⁠product walkthrough 🚶‍➡️ 37:58 -⁠ why people need transparent pricing 👀55:50 - prediction markets 🎰[ val corner: OpenAI vs Anthropic ]1:03:20 -⁠ ⁠OpenAI raise history 🚀1:08:04 -⁠ ⁠OpenAI vs. Anthropic 🥊1:13:43 - ⁠who wins Gold 🥇1:18:07 - second takes⸻[ links ][ invest = https://practicalvc.com ][ donor-advised fund webinar signup = PracticalVC.com/DAF101 ][ trading places socials = www.linktr.ee/tradingplacespod ][ tyson hendricksen = https://www.linkedin.com/in/tyson-hendricksen | https://x.com/thetyson ] [ www.notice.co = https://www.linkedin.com/company/noticedotco | https://x.com/noticedotco ][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 ] *This content is for informational purposes only and should not be considered investment advice.If you care about private markets, AI dominance, and secondary liquidity — this is the episode.👇 Drop your vote in the comments:OpenAI or Anthropic?#OpenAI #Anthropic #AIvaluation #privatemarkets #venturecapital #secondarymarket

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OpenAI $830B vs Anthropic $380B: The Future of Private Market Pricing with Tyson Hendricksen | E24


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This episode was published on February 24, 2026.

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The biggest private round in history just got bigger.This week on Trading Places, Dave McClure and Aman Verjee break down:• OpenAI’s rumored $100B raise at an $830B valuation• Anthropic’s $380B valuation surge• Stripe’s $140B employee tender•...

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