Anthropic’s IPO filing outlines a governance structure that would give its seven co-founders, through a new Founder LLC, control of a Class F share carrying 50.1% of total voting power. The arrangement is designed to preserve the company’s mission of benefiting humanity through responsible AI while shielding strategic decisions from short-term market pressure. Anthropic will continue operating as a Public Benefit Corporation (a company allowed to balance profit and public benefit) under Delaware law. The filing warns that decisions could conflict with investors’ financial interests and reduce the value of Class A stock. The structure also relies on a Long-Term Benefit Trust, includes sunset provisions if the founders’ bloc falls to two or fewer members, and requires the co-founders to dedicate 80% of their Anthropic equity to charitable causes.