To buy this Bay Area home, you’ll need Anthropic equity
Summary
Storm Duncan, a homeowner and investment banker, is offering a 13-acre property in Mill Valley, California, in exchange for equity in the AI company Anthropic. Duncan described this as a "diversification play," believing he is over-concentrated in real estate and under-concentrated in AI, while a young Anthropic employee might be in the opposite situation. The transaction would be private, and the buyer would retain 20% of the upside value of the shares exchanged during the lockup period. Duncan purchased the property in 2019 for $4.75 million, and it is currently occupied by a "high-profile VC."
(Source:TechCrunch)