Menlo Ventures: Anthropic stake to be firm's biggest-ever return

Menlo Ventures partner Matt Murphy said the firm's investment in Anthropic will deliver its largest return ever once the AI company goes public. Menlo has backed Anthropic in every funding round since 2023, and Murphy said the AI conversation is shifting from models to efficient compute delivery.

• Menlo Ventures has backed Anthropic in every round since 2023
• Murphy called the Anthropic return the firm's largest ever
• Discussion covered Anthropic's S-1 and compute efficiency