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Apr 26

This Bay Area Home Demands Anthropic Equity

An intriguing opportunity has emerged for a 13-acre estate nestled in Mill Valley, just north of San Francisco, through an unconventional proposition.

1 min read147 views3 tags
Originally reported bytechcrunch

An intriguing opportunity has emerged for a 13-acre estate nestled in Mill Valley, just north of San Francisco, through an unconventional proposition.

Storm Duncan, the homeowner and an investment banker, has established a dedicated LinkedIn page for the property, articulating his desire to "exchange […] for Anthropic equity."

As reported by The San Francisco Standard, Duncan characterizes this strategy as a "diversification play." He states he is "under-concentrated in AI investments relative to the importance of AI in the future, and over-concentrated in real estate," believing that a younger Anthropic employee might find themselves "in the exact opposite scenario."

Prospective parties are invited to contact Duncan via email to discuss the specifics of this private transaction. He emphasizes that the deal would not necessitate the buyer to liquidate their stock entirely. Furthermore, he noted on LinkedIn that the homebuyer would "continue to retain 20% of the upside value of the shares exchanged for the duration of the lockup period."

Duncan, who identifies himself as a long-standing Bay Area resident who relocated to Miami during the pandemic, acquired the property in 2019 for $4.75 million. He disclosed that the estate is currently occupied by "a high profile VC," though he refrained from revealing their identity.

ES
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