The San Francisco Standard reports that Duncan described this as a 'diversification play,' as he's 'under-concentrated in AI investments relative to the importance of AI in the future, and over-concentrated in real estate,' while a young Anthropic employee might be 'in the exact opposite scenario.' Duncan is asking potential buyers to email him to discuss deal specifics, but he said it would be a private transaction that doesn't require the buyer to sell their stock outright. On LinkedIn, he also said the homebuyer would 'continue to retain 20% of the upside value of the shares exchanged for the duration of the lockup period.' Duncan, who described himself as a longtime Bay Area resident who moved to Miami during the pandemic, bought the property in 2019 for $4.75 million. It's currently occupied by 'a high profile VC,' he said, but he declined to identify the VC. StrictlyVC kicks off the year in SF. Register now for unfiltered fireside chats and VC insights with leaders from Uber,...
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