person
Jason Lemkin founded SaaStr, a media and events platform for SaaS founders and investors, and works as a venture investor and startup commentator.
No evidence-backed relationships are recorded.
Anthropic has reportedly moved its roughly $2 trillion IPO from October to November, a delay one investor ties to audited Q3 numbers. The extra month gets audited figures on its revenue race with OpenAI into the filing, and keeps the listing exposed to a window that can shut without warning.
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SaaStr's recap puts a completed sale at $1.35B against a $17.5B private mark. The same recap reports a $1B round at $10B for Instinct, a company priced near $50M pre-money in April.
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The Kaggle founders have raised $38.5M from Coatue and Canaan for an account-intelligence graph priced at $99 a month. At that list price it takes roughly 32,400 subscription-years to book the round back.
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GrokBot Googles for users and Instinct scrapes LinkedIn, both against somebody's terms of service, and Jason Lemkin says that edge is open only to private companies. At EchoSign the same approach was ripped out the night the Adobe deal closed.
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SpaceX paid $60B for Cursor in stock carried at about 40 times revenue. The accretion story is a multiple transfer, and trailing ARR comps no longer explain what buyers are doing.
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SaaStr says it dropped Canva and Notion without running a comparison, because its agents built an ad creative operation without either product coming up. That is a harder loss to win back.
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