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Summary: Sequoia to invest in Anthropic, breaking VC taboo on backing rivals: FT Crunch

- Sequoia Capital is investing in Anthropic, an AI startup, despite previously avoiding backing competitors in the AI sector.
- This move contradicts Sequoia's past practices, including forfeiting a $21 million investment to avoid conflict with Stripe.
- The investment comes after recent leadership changes at Sequoia and as Anthropic prepares for a potential IPO as early as 2026.

A: Did you hear about the news? It’s crazy!
B: No, what happened? Tell me!

A: Sequoia Capital is investing in Anthropic! You know, the AI company?
B: Anthropic? Claude? Yeah, I’ve heard of them. What’s so crazy about it?

A: Well, they're usually super careful about investing in competitors. It’s like, pick one winner and stick with them.
B: Oh, I see. Like a sports team? You only support one!

A: Exactly! But Sequoia already invests in OpenAI *and* Elon Musk’s xAI! Now they're backing Anthropic too!
B: Wow! That’s a lot of AI companies! Doesn't that cause problems?

A: Apparently, OpenAI's CEO, Sam Altman, talked about this. He said investors with secret information might lose access if they invest in competitors. It’s supposed to stop leaks.
B: So, Sequoia is risking something then?

A: Possibly. The funding round is huge – they’re aiming for $25 billion!
B: Twenty-five billion?! That’s insane!

A: And get this – Sequoia has a long history with Altman. They even backed him when he started a company years ago!
B: Seriously? That’s a strong connection!

A: They also have a close relationship with Elon Musk. It's less about the competition and more about being connected to him.
B: Makes sense. Money and connections!

A: But here’s the really weird part. Sequoia used to *avoid* these conflicts! They even walked away from a $21 million investment once!
B: No way! They lost money on purpose?

A: Yep! They thought the company was competing with Stripe. Now, with new leaders at Sequoia, things have changed.
B: So, a big shakeup at Sequoia too?

A: It seems that way! And Anthropic might be going public soon.
B: An IPO?! Wow, things are moving fast!
Summary
Sequoia Capital is investing $25B in AI startup Anthropic, defying their past policy of avoiding competitors (like Stripe). This shift follows leadership changes & Anthropic's potential 2026 IPO, despite Sequoia's existing investments in OpenAI & xAI.
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2026/01/20 08:13 Anonymous 347 151s 137
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ID: 78fdc2f6-8e4e-4519-a8bb-f31a157e16d6

Category ID: listed_summary

URL: https://techcrunch.com/2026/01/18/sequoia-to-invest-in-anthropic-breaking-vc-taboo-on-backing-rivals-ft/#summary

Date: Jan. 19, 2026

Notes: TechCrunch News Summary - 2026-01-19

Created: 2026/01/19 17:42

Updated: 2026/01/20 08:13

Last Read: 2026/01/20 08:13

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