Anthropic IPO puts power in the founders' hands, with ordinary shareholders having limited say

Anthropic disclosed in its IPO prospectus on Monday that seven co-founders, including CEO Dario Amodei and President Daniela Amodei, will be the sole members of a new entity, Founder LLC, which will hold voting rights over 50.1% of the company's issued shares. The prospectus says this structure enables the founders to determine the outcome of all matters submitted to a shareholder vote for the foreseeable future, while limiting the power and influence of institutional and retail investors.