TNW | Anthropic
Anthropic founders to keep 50.1% of votes after IPO through Founder LLC
A single Class F share gives the co-founders majority control, while the filing warns this could hurt public shareholders.
Via TNW | Anthropic
·Excerpt
Anthropic’s seven co-founders will hold 50.1% of the company’s voting power after it lists. They will do so through a new entity called the Founder LLC, according to a draft IPO filing reviewed by Reuters.
The setup is meant to let them put the company’s mission ahead of market pressure. Still, the document has not been made public, and we have not seen it either. Anthropic has refused to comment to Reuters.
Under the plan, the co-founders decide by majority…
Courtesy
This story was originally published by TNW | Anthropic. All rights belong to the original publisher.
Read the original on thenextweb.com ↗