I worried this was a loophole: “the Trust Agreement also authorizes the Trust to be enforced by the company and by groups of the company’s stockholders who have held a sufficient percentage of the company’s equity for a sufficient period of time.” An independent person told me it’s a normal Delaware law thing and it’s only relevant if the Trust breaks the rules. Yay! This is good news, but I haven’t verified it and I’m still somewhat suspicious (but this is mostly on me, not Anthropic, to figure out).
I started trying to deduce stuff about who holds how many shares. I think this isn’t really doable from public information, e.g. some Series C shares have voting power and some don’t and I don’t know how to tell which investors have which. But I got a better understanding of this stuff and I now tentatively think the Transfer Approval Threshold is super reasonable. Yay!
Also even if I understood the VC investments perfectly I think I’d be confused by the (much larger?) investments by Amazon and Google
If you’re savvy in this and want to help, let me know and I’ll share my rough notes
(On the other hand, it’s pretty concerning that the Trust hasn’t replaced Jason, who left in December, nor Paul, who left in April. Also note that it hasn’t elected a board member to fill Luke’s seat.)
I guess my LTBT-related asks for Anthropic are now:
Commit that you’ll promptly announce publicly if certain big LTBT-related changes happen
Publish the Trust Agreement (and any other relevant documents), or at least let a non-Anthropic person I trust read it (under an NDA if you want) and publish whether they have big concerns
(This isn’t high-priority for me; I just get annoyed when Anthropic brags about its LTBT without having justified that it’s great.)
Quick updates:
I worried this was a loophole: “the Trust Agreement also authorizes the Trust to be enforced by the company and by groups of the company’s stockholders who have held a sufficient percentage of the company’s equity for a sufficient period of time.” An independent person told me it’s a normal Delaware law thing and it’s only relevant if the Trust breaks the rules. Yay! This is good news, but I haven’t verified it and I’m still somewhat suspicious (but this is mostly on me, not Anthropic, to figure out).
I started trying to deduce stuff about who holds how many shares. I think this isn’t really doable from public information, e.g. some Series C shares have voting power and some don’t and I don’t know how to tell which investors have which. But I got a better understanding of this stuff and I now tentatively think the Transfer Approval Threshold is super reasonable. Yay!
Also even if I understood the VC investments perfectly I think I’d be confused by the (much larger?) investments by Amazon and Google
If you’re savvy in this and want to help, let me know and I’ll share my rough notes
(On the other hand, it’s pretty concerning that the Trust hasn’t replaced Jason, who left in December, nor Paul, who left in April. Also note that it hasn’t elected a board member to fill Luke’s seat.)
I guess my LTBT-related asks for Anthropic are now:
Commit that you’ll promptly announce publicly if certain big LTBT-related changes happen
Publish the Trust Agreement (and any other relevant documents), or at least let a non-Anthropic person I trust read it (under an NDA if you want) and publish whether they have big concerns
(This isn’t high-priority for me; I just get annoyed when Anthropic brags about its LTBT without having justified that it’s great.)