To buy this Bay Area home, you’ll need Anthropic equity
TechCrunch • • business
Key Points:
- Storm Duncan, a homeowner and investment banker, is offering to exchange his 13-acre Mill Valley property for equity in Anthropic, an AI company.
- He created a LinkedIn page to promote this unusual deal, describing it as a "diversification play" to balance his investments between real estate and AI.
- Duncan believes young Anthropic employees might be over-concentrated in AI stocks and under-invested in real estate, making this exchange mutually beneficial.
- The transaction would be private, with no requirement for buyers to sell their Anthropic shares outright, and Duncan would retain 20% of the upside value of the exchanged shares during the lockup period.
