Anthropic says it's committing 5% of its shares to a Public Benefit Fund, for a total of ~20% with co-founder and staff pledges, plus 2% per 50% valuation rise (Anthropic)
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.
Anthropic has pledged a significant portion of its shares to the Anthropic Public Benefit Fund, committing 5% today with the potential for an additional 2% increase for every 50% rise in the company's valuation. This new fund, a wholly-owned LLC structure, will allow Anthropic to pursue its mission in innovative ways, such as charitable donations or addressing labor market impacts.
Anthropic's co-founders and employees have already pledged to donate 80% of their equity holdings, and roughly 20% of the company's shares will be dedicated to the public good, including the potential additions from the fund.
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Also reported by 5 other outlets
- Anthropic commits billions to a 'public benefit fund' businessinsider.com
- Anthropic commits 5% of shares to new public benefit fund investing.com
- Anthropic says it’s committing 5% of its shares to a ‘public benefit fund’ techcrunch.com
- Anthropic plans to set aside 5% of shares for public benefit fund before IPO seekingalpha.com
- Anthropic to commit 5% stake to new public benefit fund channelnewsasia.com
