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$500k in equity granted in 2023 would be worth $25M post‑dilution today under the…

2026-08-04 · 21:15 UTC ·@signulll ·0 min read

Brief

Anthropic's employee equity has exploded: a claimed ~$500k stake granted in 2023 would be worth $25M post‑dilution today (≈50× gain) assuming no further growth, achieved in under three years. Zuhayeer Musa's updated log‑scale dilution chart shows ~51× share‑price appreciation since 2023 but also emphasizes heavy overall dilution from extensive capitalization.

Why it matters

$500k in equity granted in 2023 would be worth $25M post‑dilution today under the author's assumption of no further growth — roughly a 50× return in under three years, per @signulll (2026‑08‑04).

Key details

  • Zuhayeer Musa's updated log‑scale dilution chart shows ~51× appreciation in Anthropic's share price since 2023, while simultaneously highlighting substantial overall dilution from heavy capitalization.
Source evidence

so if you got ~$500k equity in 2023 which is likely on the lower side, it’d be worth $25m post dilution today assuming no further growth.

that’s pretty ridiculous for less than three years. has there ever been a company that has generated more returns for employees than anthropic?

Zuhayeer Musa (@zuhayeer)

The dilution chart I posted yesterday (in log scale) didn't quite capture how dramatic the dilution is in this particular case at @AnthropicAI. Here's the new one.

Still a very impressive 51x appreciation in share price since 2023. But it's crazy how much overall dilution a heavily capitalized company experiences.

— https://nitter.net/zuhayeer/status/2084690697819754719#m