Anthropic Equity Offered in Bay Area Home Sale

In a unique real estate deal, a homeowner in the Bay Area is offering a 13-acre property in Mill Valley in exchange for equity in AI startup Anthropic. Storm Duncan, a homeowner and investment banker, has created a LinkedIn page for the property, stating that he would 'like to exchange […] for Anthropic equity.' Duncan described this move as a 'diversification play,' citing his current under-concentration in AI investments and over-concentration in real estate. He believes that a young Anthropic employee, on the other hand, may be 'in the exact opposite scenario.' The property, which Duncan purchased in 2019 for $4.75 million, is currently occupied by 'a high profile VC,' although he declined to identify the individual.

Duncan is seeking potential buyers who are interested in the unusual deal and has asked them to email him to discuss specifics. The transaction, which Duncan says will be private, does not require the buyer to sell their Anthropic stock outright. Additionally, the homebuyer will 'continue to retain 20% of the upside value of the shares exchanged for the duration of the lockup period,' according to Duncan's LinkedIn post.

Duncan, a longtime Bay Area resident who relocated to Miami during the pandemic, appears to be looking for a creative solution to leverage his real estate holdings and tap into the potential of the AI industry. The offering highlights the innovative approaches some individuals are taking to manage their assets and investments in the current market.