To buy that house in the Bay Area, you’ll need man-made equity | TechCrunch

Brief

Someone is offering an unusual deal on a 13-acre property in Mill Valley, just north of South Francisco.

Owner and investment banker Storm Duncan created a LinkedIn page for the house, which he said he “would like to exchange […] for human equity.

The San Francisco Standard reports that Duncan described this as a “diversification play,” as he is “underfocused in AI investments relative to the importance of AI in the future, and overly focused in real estate,” whereas a young Anthropic employee might be “in the exact opposite scenario.”

Duncan asks potential buyers to email him to discuss details of the transaction, but he said it would be a private transaction that would not require the buyer to sell their shares. On LinkedIn, he also said the buyer would “continue to retain 20% of the upside value of the shares traded for the duration of the lock-up period.”

Duncan, who described himself as a longtime Bay Area resident who moved to Miami during the pandemic, purchased the property in 2019 for $4.75 million. It is currently occupied by “a high-profile VC,” he said, but he declined to identify the VC.

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