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How ICONIQ Capital Evaluated Anthropic Before Investing

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June 5, 2026

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In a conversation with Forbes Assistant Managing Editor Katharine Schwab at the #ForbesIconoclast Summit, Michael Anders, Founding Partner at ICONIQ Capital, explained what ultimately convinced his firm to invest in Anthropic. While the company's growth was impressive from the start, Anders said improving unit economics, stronger margins, and evidence of durable customer adoption were the signals that transformed excitement into conviction.

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How ICONIQ Capital Evaluated Anthropic Before Investing · Forbes · Sentinel