Anthropic's seven co-founders seek 50.1% voting control ahead of IPO
Anthropic is asking shareholders to approve a dual-class structure that gives its seven co-founders special shares with 50.1% combined voting power, as long as at least three hold a minimum stake. Each founder currently owns roughly 2% of the company; the new shares carry no extra economic value. The Long-Term Benefit Trust still picks most board members, founder board seats increase from two to three, and employees get tie-breaking stock. Anthropic was valued at $965 billion in May and recently hit $1.5 trillion on secondary markets, a figure the IPO is expected to reflect.
Why it matters: Pre-IPO governance move at Anthropic: seven founders lock 50.1% voting control via special shares with no extra economics, while pledging 80% of their wealth. This directly affects whether the safety-first AI path survives public-market pressure. HKR all hit. Not scoring highe...