Investing in the Public Benefit
Today, we’re committing a portion of Anthropic’s shares to the Anthropic Public Benefit Fund, a new entity with a structure that increases the stake as the company grows. Subject to stockholder approval, 5% of Anthropic’s shares will be committed today, with an additional 2% added at the board’s discretion for every 50% increase in the company’s value above a set baseline.
TL;DR
- Anthropic is committing a portion of its shares to the Anthropic Public Benefit Fund.
- The fund's share commitment will increase as Anthropic's value grows.
- Initially, 5% of shares are committed, with potential for an additional 2% for every 50% increase in company value above a baseline.
- The fund is structured as a wholly-owned LLC for flexibility in giving.
- Equity held by the LLC will not be used for lobbying or political giving.
- This initiative builds on existing co-founder and employee equity pledges.
- Approximately 20% of Anthropic shares will be dedicated to the public good, with potential for more based on valuation milestones.