The Catch in the Anthropic, OpenAI, and SpaceX Trade: Who Buys It Next? | Josh Kopelman on Invested
Josh Kopelman, founding partner of First Round Capital and Half.com founder, on OpenAI and Anthropic's valuations and whether AI breaks seed investing. On this episode of Invested, Michael Eisenberg talks with Josh Kopelman about building Half.com at the height of the dot-com era, when the company convinced Halfway, Oregon to rename itself Half.com, put coupon codes on 2 million fortune cookies, and sold to eBay in 2000. Josh compares that bubble to today's AI boom and explains why First Round's fund grew from a little under $150 million in 2004 to about half a billion without changing its str…