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News/Menlo Ventures’ Matt Murphy explains what AI startups founders must do differently
techcrunch
PublishedJuly 22, 2026 at 2:00 PM
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Menlo Ventures’ Matt Murphy explains what AI startups founders must do differently

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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

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