AI

To buy this Bay Area home, you’ll need Anthropic equity

Someone is offering an unusual deal on a 30-acre property in Mill Valley, just north of South Francisco.

Homeowner and investment banker Storm Duncan has created a LinkedIn page for the house, which he said he would ‘like to exchange […] for anthropic equality.”

The San Francisco Standard reports this that Duncan described this as a “diversification play,” as he is “under-concentrated in AI investments relative to the importance of AI in the future, and over-concentrated in real estate,” while a young Anthropic employee “could find himself in the exact opposite scenario.”

Duncan asks potential buyers to email him to discuss the details of the deal, but he said it would be a private transaction that doesn’t require the buyer to sell his shares right away. On LinkedIn, he also said the homebuyer would “retain 20% of the upside value of the shares exchanged during the lock-up period.”

Duncan, who described himself as a longtime Bay Area resident who moved to Miami during the pandemic, bought the property in 2019 for $4.75 million. It is currently occupied by “a high-profile VC,” he said, but declined to identify the VC.

Source link

See also  HomeBuilder, mortgage CEOs set to buy Tampa Bay Rays
Back to top button