Both OpenAI and Anthropic are near or at one million square feet of leased office space in San Francisco, implying workforces of 6,000–7,000 employees each.
Snapshot · This Week in Tech (Audio)
Both OpenAI and Anthropic are near or at one million square feet of leased office space in San Francisco, implying workforces of 6,000–7,000 employees each.
Where this was said
At 2:46:15 · chapter starts 2:37:10
Owen Thomas, whose publication ran the cover story, explains that the AI IPO wave is unlike previous tech booms: OpenAI and Anthropic grew so fast that their early employee cohorts are far smaller than at Facebook or Salesforce, meaning the wealth created by going public will be highly concentrated. SpaceX's IPO minted roughly 400 millionaires, not the thousands that Google's IPO created. Meanwhile, both companies are near or at one million square feet of leased office space in San Francisco — Anthropic has cornered three consecutive blocks of Howard Street (dubbed 'Anthropic Row'), and OpenAI has dominated Mission Bay. The panel compares this to Amazon and Microsoft transforming Seattle, and to Salesforce's earlier role in San Francisco's commercial real estate — though Leo notes Twitter's transformative moment didn't last.
OpenAI and Anthropic are each approaching one million square feet of leased office space in San Francisco — enough for 6,000–7,000 employees each. Anthropic has cornered three consecutive blocks of Howard Street. San Francisco may be being reshaped by AI companies the way Seattle was by Amazon and Microsoft.
Bhanu grew SiteGPT to $13,000 monthly recurring revenue entirely through organic channels, spending nothing on paid marketing.
More than 1 million people have visited SiteGPT's website since launch in March 2023, all through organic channels.
Approximately 90% of SiteGPT's Google search traffic comes from the free tools Bhanu built, not the main product pages.
Bhanu sold his first SaaS product, Feather, for $250,000 so he could focus fully on the faster-growing SiteGPT.
SiteGPT has generated approximately $500,000 in total revenue since its launch in March 2023.
The average customer lifetime value for SiteGPT is approximately $1,700 to $1,800, which Bhanu considers unusually high.
SiteGPT receives around 50,000 visitors per month, of which about 200 convert to leads and 60 start free trials.
SiteGPT hit $10,000 MRR within its very first month of launch, driven largely by early traction in the AI chatbot space.
Despite strong download numbers, PropGPT could not push past $1,000–$2,000 MRR due to poor product retention.
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