One of Anthropic's earliest backers shares where he's investing now, and offers advice to founders

What happened: Menlo Ventures partner Matt Murphy, who helped lead one of the earliest investments in Anthropic three years ago, discussed where he is investing now and offered advice to founders. Key numbers: Menlo's Anthropic stake is estimated at around $14 billion; the investment was made three years ago. Why it matters: Menlo is positioned as one of the biggest winners when Anthropic goes public, and Murphy addressed how money flowing into major AI companies is affecting the broader funding environment.

Menlo Ventures partner Matt Murphy, who helped lead one of the earliest investments in Anthropic three years ago, discussed where he is investing now and offered advice to founders.

Menlo is positioned as one of the biggest winners when Anthropic goes public, and Murphy addressed how money flowing into major AI companies is affecting the broader funding environment.