To buy this Bay Area home, you’ll need Anthropic equity

Source: TechCrunch

Posted: 8:30 AM PDT · April 26, 2026

Image Credits: Jakub Porzycki/NurPhoto / Getty Images

Overview of the Deal

Homeowner and investment banker Storm Duncan is offering a 13‑acre property in Mill Valley, just north of San Francisco, in exchange for equity in Anthropic.
Duncan created a LinkedIn page for the home and stated he would “like to exchange […] for Anthropic equity.”

Rationale Behind the Offer

• Diversification Play: According to the San Francisco Standard, Duncan feels he is “under‑concentrated in AI investments relative to the importance of AI in the future, and over‑concentrated in real estate.”
• Opposite Scenario for Employees: He notes that a young Anthropic employee might be “in the exact opposite scenario,” making the swap mutually beneficial.

Transaction Details

• Private Negotiation: Interested buyers should email Duncan to discuss specifics. The transaction would be private and would not require the buyer to sell their Anthropic stock outright.
• Upside Retention: Duncan indicated that the homebuyer would “continue to retain 20 % of the upside value of the shares exchanged for the duration of the lockup period.”

Property Background

• Purchase History: Duncan bought the property in 2019 for $4.75 million. The listing can be viewed on Zillow.
• Current Occupancy: The home is presently occupied by “a high‑profile VC,” though Duncan declined to name the individual.

About the Seller

• Local Roots: Duncan describes himself as a longtime Bay Area resident who relocated to Miami during the pandemic.

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