Anthropic raised capital through preferred equity, convertible securities, and SAFEs.

“You can raise preferred equity, you can raise converts, you can raise SAFes. There's a whole different host of options to raise money. Anthropic, just like every other startup, did everything.”

“They raised some preferred equity, they raised some converts, um, they raised some SAFes. And along the way, there's different reasons that certain investors or the company might prefer one or the other.”