Anthropic is getting close to an IPO (rumor). This could be a very risky moment to go public.
There is very little durable moat at the model layer. The lead can flip in a few months, tokens are becoming a commodity, and intelligence keeps getting much cheaper.
A recent example
Great stuff from Linear 👏
What’s striking is how similar their setup is to ours at Todoist. This is where you end up when you think from first principles instead of mindlessly copying conventional “best practices”
I also think more companies will look like this in the future:
Damn:
160 employees
$100M revenue
177% net revenue retention (a customer who spent $100 a year ago now spends $177)
Full-remote
Basically no emails
Obsessed with performance
Some of the best engineers I worked with before now work at Linear
Linear is 🔥