An unusual deal has been proposed for a 13-acre property in Mill Valley, near South Francisco. The owner, investment banker Storm Duncan, has set up a LinkedIn page for the property, expressing interest in exchanging it for Anthropic equity.
According to The San Francisco Standard, Duncan views this exchange as a “diversification play.” He considers himself under-invested in AI relative to its future significance, while being heavily invested in real estate. Conversely, a young Anthropic employee might be in the opposite situation.
Interested parties are encouraged to email Duncan for more details. The transaction would be private, allowing the buyer to retain stock without an outright sale. On LinkedIn, Duncan mentioned that the buyer could keep 20% of the upside value of the exchanged shares during the lockup period.
Duncan, a longtime Bay Area resident who relocated to Miami during the pandemic, purchased the property in 2019 for $4.75 million. He noted it is occupied by a “high profile VC,” but chose not to disclose their identity.