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Anthropic Founders Seek Voting Control Ahead of IPO

Confirmed

Technology Desk

In Short: This isn't a new idea; super-voting shares are how Mark Zuckerberg kept control of Meta, and how Evan Spiegel maintained his hold of Snap.

Anthropic logo
Photo: Anthropic / Wikimedia Commons (Public domain)

According to reports, Anthropic is asking shareholders to approve a structure that would give CEO Dario Amodei and six co-founders special shares carrying a combined 50.1% of the vote on most corporate matters.

The founders, who each own just 2% of the company, have pledged to give away 80% of their wealth, a commitment Amodei announced in January.

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The new shares carry no extra economic value but would preserve the group’s control once the company starts trading publicly.

The Long-Term Benefit Trust would still choose most of the board, and the founders’ board seats would grow from two to three.

Employees would also get their own stock to break ties on some issues.

Anthropic, founded in 2018, was valued at $965 billion in May, and the company has confidentially submitted an IPO prospectus to the Securities and Exchange Commission.

The proposal is modeled on the founder-control structure at Palantir Technologies and would continue only if at least three of the seven founders retained a specified minimum number of shares.

The arrangement would preserve founders' influence even as an IPO and later share issuance dilute their economic stake.

This isn't a new idea; super-voting shares are how Mark Zuckerberg kept control of Meta, and how Evan Spiegel maintained his hold of Snap.

Until then, the reported 50.1% figure describes a proposed allocation of voting power rather than a completed public-company structure.

The proposal is a separate governance action, and Anthropic has not commented on the proposal when Reuters published its report.

The reported plan remains unconfirmed by Anthropic and would require shareholder approval.

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