Anthropic's founders seek voting control ahead of IPO
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.
TL;DR
- Anthropic's seven co-founders are requesting shareholder approval for a structure granting them 50.1% of the vote on most corporate matters.
- This structure uses special shares to ensure the founders retain control, similar to methods used by Meta and Snap.
- The founders reportedly own only about 2% of the company each and have pledged to give away 80% of their wealth.
- The proposed changes also include the Long-Term Benefit Trust choosing most of the board, increasing founder board seats, and employee stock for tie-breaking votes.
- Anthropic was valued at $965 billion in May and recently at $1.5 trillion on the secondary market, with its IPO expected to reflect the latter.