In an intriguing real estate move, a 13-acre property in Mill Valley, located just north of San Francisco, is being offered in exchange for equity in Anthropic, an AI company. The homeowner, Storm Duncan, an investment banker, has taken to LinkedIn to promote this unique opportunity.
Duncan describes this arrangement as a "diversification play." He acknowledges being "under-concentrated in AI investments" given the technology's critical role in the future, while noting that a prospective buyer from Anthropic might find themselves in a contrasting position.
Potential buyers are invited to reach out via email to discuss the particulars of this private transaction, which allows them to retain a portion of their stock. Specifically, Duncan has mentioned that the buyer would keep 20% of the upside value of the exchanged shares throughout the lockup period.
Having acquired the property in 2019 for $4.75 million, Duncan, who has been a resident of the Bay Area for many years but relocated to Miami during the pandemic, noted that the estate is currently occupied by a prominent venture capitalist, although he has chosen not to disclose their identity.
This innovative approach to real estate transactions highlights the growing intersection of technology and property investment, suggesting a future where such exchanges could become more common as individuals seek to balance their portfolios in a rapidly evolving market.
