Anthropic’s founders seek voting control ahead of IPO
Anthropic's seven founders are seeking super-voting shares for 50.1% control ahead of an IPO.
The Information reports Anthropic is asking shareholders to approve super-voting shares giving CEO Dario Amodei and six co-founders a combined 50.1% vote on most matters, if at least three keep a minimum stake. The shares would not add economic value. Each founder reportedly owns about 2% and has pledged to give away 80% of their wealth. The Long-Term Benefit Trust would still select most of the board, founder board seats would rise from two to three, and the company, valued at $965 billion in May and about $1.5 trillion on the secondary market, is preparing an IPO.
- Special shares would give seven founders 50.1 percent of votes on most matters.
- Control lasts while at least three founders keep a minimum stake.
- The Long-Term Benefit Trust would still choose most board seats.
- Anthropic was valued near $1.5 trillion on the secondary market.
From the original article
1 min read at techcrunch.com
Anthropic is asking its shareholders to approve a structure that would give its seven co-founders a combined 50. 1% of the vote on most corporate matters.
By Connie Loizos · techcrunch.com
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