What’s More Important Than Money in San Francisco Real Estate? Anthropic Stock Price

Few things more expensive in the Bay Area than real estate. In San Francisco, the median home price is now over $2 million. Last month, at least seven houses in the city were sold $1 million in asking priceand buyers are always willing to pay premiums or discounts to stay competitive. However, there is one thing that is still more valuable than a house, and perhaps more valuable than money alone: ​​stock in Anthropic or OpenAI.

Last week, 160 Noe Streetan Edwardian house in the important area of ​​Duboce Triangle in San Francisco, was sold for $ 2.9 million—or the same amount as shares of Anthropic or OpenAI, according to the company’s current calculations. Rachel Swann, who is a contributor to the series, says she was inspired to set the unusual tone after meeting several Anthropic employees at an open house. “These people have a lot of paper money, but they don’t always have the money to do the things they want,” says Swann. Some of these employees are hoping to get as much as $50 million from their Anthropic shares, and wonder if they could use it as an opportunity to buy real estate, according to Swann. “This kept coming up again and again.”

Swann’s series is inconsistent, but not singular. In April, investment banker Storm Duncan offered to exchange his Mill Valley home and neighboring properties for shares of Anthropic. And in May, Vijay Chattha, who owns an agency that does PR for tech companies, listed his Healdsburg home for $2.5 million, or $2 million in Anthropic stock. “I want to sell my house, and I want to invest in Anthropic,” says Chattha. Why not combine the two?

Chattha House-three beds, three baths with a pool and a bocce court in the part of Sonoma County that abuts some of the famous wineries in the area-also comes with the desire for a short period of rental status, allowing the owner to write on a platform like Airbnb. Only a few places in Healdsburg come with this status, and only about a dozen come and sell in a given year.

Chattha is offering a $500,000 discount to Anthropic employees because he believes the value of Anthropic’s shares will grow faster than any other investment, and his vacation home in wine country is the best sales opportunity he should try to get them. “If you look at Anthropic’s growth last year, it’s crazy,” he says, noting the $380 billion valuation the company reported in February. “Now they’re raising $965 billion. That’s three X’s in just three months.” He also said that he was willing to trade the building for Anthropic shares, but not OpenAI, because he prefers to use Anthropic products.

The real estate listings come at a time when investors are drooling over Anthropic and OpenAI’s high-profile investments, and even those considered wealthy by Bay Area standards are feeling FOMO about the potential investment from these companies in the stock market. (On Monday, Anthropic filed its initial public filings; OpenAI is also said to be planning to ship in the coming months.) Although the number of these companies has not yet happened, many people believe that their price will only increase, and anyone who finds a piece now can win the jackpot.

People are screaming buying equity in OpenAI and Anthropic on the secondary market, which leads to a flurry of transactions that may or may not be legal. As a result, Anthropic has made some changes process around the “illegal sale of Anthropic stock” this spring, which states that “if someone wants to sell Anthropic shares without proper authorization, the sale is illegal.” An Anthropic spokesperson made the announcement when asked about the possibility of exchanging the company’s stock for real estate prices.