17.5% guaranteed return just to get PE firms on board sounds a bit desperate. If the product stood on its own above the competition this probably shouldn't be n

17.5% guaranteed return just to get PE firms on board sounds a bit desperate. If the product stood on its own above the competition this probably shouldn't be needed. Anthropic isn't offering such guarantees because Claude is already winning when it comes to value and quality. This looks like IPO prep built on locking in customers, as switching the provider later is a pain. Probably Thoma Bravo saw right through it.