Anthropic founders to keep 50.1% of votes after IPO through Founder LLC

Anthropic’s seven co-founders will hold 50.1% of the company’s voting power after it lists. They will do so through a new entity called the Founder LLC, according to a draft IPO filing reviewed by Reuters.

The setup is meant to let them put the company’s mission ahead of market pressure. Still, the document has not been made public, and we have not seen it either. Anthropic has refused to comment to Reuters.

Under the plan, the co-founders decide by majority vote how to cast a single Class F share. That one share carries 50.1% of the vote on major decisions, such as the selection of some board members.

Anthropic will have four other share classes. The Class A stock sold to the public gives one vote per share, while shares held by strategic partners carry very few votes. Taken together, the structure could weaken the voice of ordinary investors.

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