Menlo Ventures’ Matt Murphy explains what AI startups founders must do differently
Anthropic leaped to a $47 billion revenue run rate by May, compared to $9 billion in 2025. It’s the kind of growth that Menlo Ventures’ Matt Murphy says he’s never seen in 25 years of investing, not in the internet wave, not in mobile, not in the first cloud boom. Menlo led Anthropic’s $500M Series D, and Murphy has had a front-row seat as the company went from a pre-revenue, […]
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A venture capitalist at Menlo Ventures discusses what founders of AI startups need to do differently in an interview on a TechCrunch podcast. The investor backed a major AI company before it launched and has witnessed growth rates he says are unprecedented in his 25 years of investing across internet, mobile, and cloud sectors. The discussion covers why the underlying model was not the main competitive advantage, how platform features transformed the company's position, and the rapid growth speeds now being achieved by other AI startups that he says exceed anything he has previously seen.
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