Someone’s offering an unusual deal for a 13-acre property in Mill Valley, just north of South Francisco.
Homeowner and investment banker Storm Duncan has created a LinkedIn page for the home, which he said he’d “like to exchange […] for Anthropic equity.”
The San Francisco Standard reports that Duncan described this as a “diversification play,” as he’s “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 might be “in the exact opposite scenario.”
Duncan is asking potential buyers to email him to discuss deal specifics, but he said it would be a private transaction that doesn’t require the buyer to sell their stock outright. On LinkedIn, he also said the homebuyer would “continue to retain 20% of the upside value of the shares exchanged for the duration of the lockup 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’s currently occupied by “a high profile VC,” he said, but he declined to identify the VC.
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Stay tuned for updates on to buy this bay area home as the story develops. Related: Tesla pushes back on Autopilot narrative after fatal Texas crash.
Frequently Asked Questions
Investment banker Storm Duncan wants to exchange his 13-acre Mill Valley home for Anthropic equity as a diversification play. He is over-concentrated in real estate and under-concentrated in AI investments.
He bought it in 2019 for $4.75 million.
A private transaction where the buyer would not have to sell stock outright, and the homebuyer would retain 20 percent of the upside value of the shares exchanged during the lockup period.
A high profile VC, whom Duncan declined to identify.
