To buy this Bay Area home, you’ll need Anthropic equity
A homeowner in Mill Valley, California, is offering to sell his 13-acre property in exchange for equity in AI company Anthropic. Storm Duncan, an investment banker, said the deal would help him shift from real estate to AI investments, while potentially benefiting young Anthropic employees with housing needs. The transaction would be private, allowing the buyer to retain 20% of share upside during the lockup period without selling stock outright. Duncan purchased the property in 2019 for $4.75 million and currently rents it to an unidentified high-profile venture capitalist.
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In Brief Posted: 8:30 AM PDT · April 26, 2026 Image Credits:Jakub Porzycki/NurPhoto / Getty Images Anthony Ha To buy this Bay Area home, you’ll need Anthropic equity 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. Topics AI, Anthropic, Startups, storm duncan, Venture April 30 San Francisco, CA StrictlyVC kicks off the year in SF. Register now for unfiltered fireside chats and VC insights with leaders from Uber, Replit, Eclipse, and more. Plus, high-value connections that actually move the needle. Tickets are limited. REGISTER NOW Newsletters See More Subscribe for the industry’s biggest tech news TechCrunch Daily News Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch Mobility TechCrunch Mobility is your destination for transportation news and insight. Startups Weekly Startups are the core of TechCrunch, so get our best coverage delivered weekly. StrictlyVC Provides movers and shakers with the info they need to start their day. No newsletters selected. Subscribe By submitting your email, you agree to our Terms and Privacy Notice. { "title": "Newsletters", "description": "Subscribe for the industry’s biggest tech news", "showBtn": "1", "newsletters": [{"title":"TechCrunch Daily News","description":"Every weekday and Sunday, you can get the best of TechCrunch\u2019s coverage.","slug":"techcrunch-daily-news","postId":2725851},{"title":"TechCrunch Mobility","description":"TechCrunch Mobility is your destination for transportation news and insight.","slug":"techcrunch-mobility","postId":2725841},{"title":"Startups Weekly","description":"Startups are the core of TechCrunch, so get our best coverage delivered weekly.","slug":"startups-weekly","postId":2725843},{"title":"StrictlyVC","description":"Provides movers and shakers with the info they need to start their day.","slug":"strictlyvc","postId":3027523}], "currentUserEmail": "", "urls": { "expandedSignup": "https://techcrunch.com/newsletters/", "privacyPolicy": "/privacy-policy/", "termsOfService": "/terms-of-service/" } } Related AI OpenAI CEO apologizes to Tumbler Ridge community Anthony Ha 23 hours ago Climate The climate tech IPO window could finally be cracking open Tim De Chant 23 hours ago AI Google to invest up to $40B in Anthropic in cash and compute Rebecca Bellan 2 days ago Latest in AI In Brief To buy this Bay Area home, you’ll need Anthropic equity Anthony Ha 31 minutes ago In…
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