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Inside the Anthropic Bet That Made Menlo a Top AI Firm | Matt Murphy
Matt Murphy is a partner at Menlo Ventures and led Anthropic's Series D.
Before Menlo, Matt sat in Google's board meetings at Kleiner Perkins from the first check to the IPO, and then backed Anthropic before it had a product or revenue.
We talk about the similarities between early Google and Anthropic, bending all the rules to invest at a $4B pre-revenue valuation, raising a $500M+ SPV at an $18B valuation without being allowed to show LP's a single financial (and the 30 to 45 days he thought they might not pull it off), the three LP's who each made over $1B on the bet, the Anthology Fund…
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