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The Nexus
BUSINESSJul 16 · 09:00 UTCBUSINESS INSIDERBen Bergman ([email protected])

From 'heartburn' to $14 billion: Inside Menlo's early Anthropic investment that broke all the rules.

Menlo Ventures invested in Anthropic despite its pre-revenue status and high valuation, reaping an estimated $14 billion as the company prepares for an IPO. The firm's partner Matt Murphy believed Anthropic could challenge OpenAI, comparing it to a 'Pepsi to OpenAI's Coke.'

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Mentioned
Menlo VenturesorganizationAnthropicorganizationMatt MurphypersonDario AmodeipersonOpenAIorganization
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