Mill Valley Home Offered in Exchange for Anthropic Equity
In Mill Valley, California, a 13-acre estate is available in exchange for equity in the AI firm Anthropic. Storm Duncan, an investment banker and the property's owner, shared this unique offer on LinkedIn, labeling it a "diversification play" aimed at balancing his investments in real estate and AI. Duncan acquired the property for $4.75 million in 2019 and believes it would attract a young employee from Anthropic who lacks real estate exposure. The arrangement would be private, allowing the buyer to keep 20% of the shares' upside during the lockup period. Currently, a prominent venture capitalist occupies the estate. Duncan, who relocated to Miami during the pandemic, invites interested individuals to contact him via email for more details.
Key facts
- Property is 13 acres in Mill Valley, north of San Francisco.
- Homeowner Storm Duncan is an investment banker.
- Duncan wants to exchange the home for Anthropic equity.
- He described the deal as a 'diversification play'.
- Duncan bought the property in 2019 for $4.75 million.
- The buyer would retain 20% of the upside value of shares during lockup.
- Current occupant is a high-profile VC, unnamed.
- Duncan is a longtime Bay Area resident who moved to Miami during the pandemic.
Entities
Institutions
- Anthropic
- The San Francisco Standard
Locations
- Mill Valley
- San Francisco
- Bay Area
- Miami
- United States