# Amazon stands to gain more than VCs from Anthropic's IPO, per S-1 filing

> Original title: VCs will make billions on Anthropic’s IPO, but Amazon is set to make much (much) more

- Source: TechCrunch · AI
- Published: 2026-10-28T01:15:28.000Z
- Bad Influence: https://badinfluence.news/items/m4h12u9aw0urxlwy1hyoj4e2j
- Original: https://techcrunch.com/2026/10/27/vcs-will-make-billions-on-anthropics-ipo-but-amazon-is-set-to-make-much-much-more/

## Summary

According to Anthropic's S-1, Amazon holds convertible notes with $6.2 billion in principal and invested $10 billion in nonvoting preferred stock, for about $18 billion in total. Amazon's filings valued its note holdings at $97.9 billion as of June 30, and Anthropic has committed at least $110 billion to AWS over 10 years. Venture firms like Menlo Ventures and Sequoia are expected to return billions but own under 5% each, according to the filing.