{"id":3491196,"date":"2026-07-22T18:02:57","date_gmt":"2026-07-22T18:02:57","guid":{"rendered":"https:\/\/techingeek.com\/index.php\/2026\/07\/22\/menlo-ventures-matt-murphy-clarifies-the-reasons-behind-anthropics-success-and-its-not-the-model\/"},"modified":"2026-07-22T18:02:57","modified_gmt":"2026-07-22T18:02:57","slug":"menlo-ventures-matt-murphy-clarifies-the-reasons-behind-anthropics-success-and-its-not-the-model","status":"publish","type":"post","link":"https:\/\/techingeek.com\/index.php\/2026\/07\/22\/menlo-ventures-matt-murphy-clarifies-the-reasons-behind-anthropics-success-and-its-not-the-model\/","title":{"rendered":"Menlo Ventures\u2019 Matt Murphy clarifies the reasons behind Anthropic&#8217;s success (and it\u2019s not the model)"},"content":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/techingeek.com\/wp-content\/uploads\/2026\/07\/menlo-ventures-matt-murphy-clarifies-the-reasons-behind-anthropics-success-and-its-not-the-model.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<div id=\"jwppp-video-box-31454361\" class=\"jwppp-video-box\" data-video=\"1\">\n<p><span class=\"jwppp-instant\" data-video=\"https:\/\/techcrunch.com\/?jwp-instant-articles=1&amp;player=GQNKsmiX&amp;mediaID=3afSHrfh\" data-width=\"480\" data-height=\"270\"><\/span><\/p>\n<p>Loading the player\u2026<\/p>\n<\/div>\n<p class=\"wp-block-paragraph\">Anthropic\u00a0surged to\u00a0a\u00a0$47 billion\u00a0revenue run rate\u00a0by May,\u00a0compared to\u00a0$9 billion\u00a0in 2025.\u00a0It\u2019s\u00a0the type of growth that\u00a0Menlo Ventures\u2019\u00a0Matt Murphy\u00a0claims\u00a0he\u2019s\u00a0never experienced in 25 years of investing, not in the internet wave, not in mobile, nor in the initial cloud boom. Menlo guided Anthropic\u2019s $500M Series D, and Murphy has had a front-row view as the company changed from a pre-revenue, pre-launch gamble to one of the most valuable startups out there.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">In this episode of TechCrunch\u2019s\u00a0Equity\u00a0podcast, Julie Bort engages with Murphy about supporting Anthropic before others would, the reasons a strong model was never the main focus, and\u00a0what\u2019s\u00a0propelling the fastest-growing startups\u00a0he\u2019s\u00a0ever witnessed.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Subscribe to Equity on\u00a0YouTube,\u00a0Apple Podcasts,\u00a0Overcast,\u00a0Spotify\u00a0and all the platforms. You\u00a0can also\u00a0follow Equity on\u00a0X\u00a0and\u00a0Threads, at @EquityPod.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<div><img decoding=\"async\" src=\"https:\/\/techingeek.com\/wp-content\/uploads\/2026\/07\/menlo-ventures-matt-murphy-clarifies-the-reasons-behind-anthropics-success-and-its-not-the-model.jpg\" class=\"ff-og-image-inserted\"><\/div>\n<div id=\"jwppp-video-box-31454361\" class=\"jwppp-video-box\" data-video=\"1\">\n<p><span class=\"jwppp-instant\" data-video=\"https:\/\/techcrunch.com\/?jwp-instant-articles=1&amp;player=GQNKsmiX&amp;mediaID=3afSHrfh\" data-width=\"480\" data-height=\"270\"><\/span><\/p>\n<p>Loading the player\u2026<\/p>\n<\/div>\n<p class=\"wp-block-paragraph\">Anthropic\u00a0surged to\u00a0a\u00a0$47 billion\u00a0revenue run rate\u00a0by May,\u00a0compared to\u00a0$9 billion\u00a0in 2025.\u00a0It\u2019s\u00a0the type of growth that\u00a0Menlo Ventures\u2019\u00a0Matt Murphy\u00a0claims\u00a0he\u2019s\u00a0never experienced in 25 years of investing, not in the internet wave, not in mobile, nor in the initial cloud boom. Menlo guided Anthropic\u2019s $500M Series D, and Murphy has had a front-row view as the company changed from a pre-revenue, pre-launch gamble to one of the most valuable startups out there.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">In this episode of TechCrunch\u2019s\u00a0Equity\u00a0podcast, Julie Bort engages with Murphy about supporting Anthropic before others would, the reasons a strong model was never the main focus, and\u00a0what\u2019s\u00a0propelling the fastest-growing startups\u00a0he\u2019s\u00a0ever witnessed.\u00a0<\/p>\n<p class=\"wp-block-paragraph\">Subscribe to Equity on\u00a0YouTube,\u00a0Apple Podcasts,\u00a0Overcast,\u00a0Spotify\u00a0and all the platforms. You\u00a0can also\u00a0follow Equity on\u00a0X\u00a0and\u00a0Threads, at @EquityPod.\u00a0<\/p>\n","protected":false},"author":2,"featured_media":3491197,"comment_status":"open","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-3491196","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/posts\/3491196"}],"collection":[{"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/comments?post=3491196"}],"version-history":[{"count":0,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/posts\/3491196\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/media\/3491197"}],"wp:attachment":[{"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/media?parent=3491196"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/categories?post=3491196"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/techingeek.com\/index.php\/wp-json\/wp\/v2\/tags?post=3491196"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}