Wall Street Journal · Theo Francis ·

A look at Anthropic's opaque, five-member Long-Term Benefit Trust, where members own no Anthropic equity but hold enormous sway by appointing most of its board

AI company has shared few details on the dynamics of the five-person trust empowered to shape its board and block major moves

In this story Anthropic

A look at Anthropic's opaque, five-member Long-Term Benefit Trust, where members own no Anthropic equity but hold enormous sway by appointing most of its board

Lead Source

Wall Street Journal — A look at Anthropic's opaque, five-member Long-Term Benefit Trust, where members own no Anthropic equity but hold enormous sway by appointing most of its board ↗

How this story grew

Coverage · 0 Discussion · 0

Oct 19Oct 20

More

24/7 Wall St.: 24/7 Wall St.

Related stories

The Information: Anthropic asks shareholders to approve a Palantir-style structure granting its seven co-founders 50.1% of voting power if three retain minimum stakes

The Information: Anthropic prepares to give its co-founders shares with extra voting power to help insulate them from outside pressure; Amodei owns ~2% of Anthropic

Bloomberg: Eric Schmidt, who owns ~1% of Anthropic after investing tens of millions in its Series A, is poised to have one of the largest windfalls from its IPO

The Information: Anthropic has been working on a plan to allow secondary stock sales in its IPO while also considering lockup periods longer than the standard 180 days

New York Times: PitchBook: 95+ investors put money into both Anthropic and OpenAI amid shifting norms; sources: Menlo, Lightspeed, and Iconiq each hold 1%-2% Anthropic stakes

Discuss with AI

ChatGPT ↗ Claude ↗

← Back to TechSnif