A Bay Area homeowner is offering an unusual deal for a 13-acre property in Mill Valley, just north of San Francisco. Instead of cash, he's asking for equity in Anthropic, the AI startup behind Claude.
Homeowner and investment banker Storm Duncan has created a LinkedIn page for the home, stating he'd "like to exchange it for Anthropic equity." According to the San Francisco Standard, Duncan described this as a "diversification play," saying he's "under-concentrated in AI investments relative to the importance of AI in the future, and over-concentrated in real estate." Meanwhile, a young Anthropic employee might be in the "exact opposite scenario."
Duncan is inviting potential buyers to email him to discuss specifics but noted it would be a private transaction that doesn't require the buyer to sell their stock outright. On LinkedIn, he added that the homebuyer would "continue to retain 20% of the upside value of the shares exchanged for the duration of the lockup period."
Duncan, a longtime Bay Area resident who moved to Miami during the pandemic, purchased the property in 2019 for $4.75 million. It is currently occupied by "a high profile VC," he said, though he declined to name them.