Anthropicleaped toa$47 billionrevenue run rateby May,compared to$9 billionin 2025.It’sthe kind of growth thatMenlo Ventures’Matt Murphysayshe’snever 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, pre-launch bet to one of the most valuable startups out there.
On this episode of TechCrunch’sEquitypodcast, Julie Bort talks with Murphy about backing Anthropic before anyone else would, why a great model was never the point, andwhat’sdriving the fastest-growing startupshe’sever seen.
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