Banks charged sharply different fees for access to Anthropic investment

the same anthropic deal had wildly different fees depending on which bank you used. some investors paid sharply more for access to the ai company's private fundraising round, meaning returns on the same investment will vary based on who their banker was. the pricing gap wasn't small — it created a real disparity in what investors actually get back. the deal structure effectively let banks set their own terms for bringing clients in, and those terms weren't equal.