Menlo Ventures Matt Murphy explains why Anthropic is winning (and its not the model)
Anthropicleaped toa$47 billionrevenue run rateby May,compared to$9 billionin 2025.Itsthe kind of growth thatMenlo VenturesMatt Murphysayshesnever seen in 25 years of investing, not in the internet wave, not in mobile, not in the first cloud boom. Menlo led Anthropics $500M Series D, and Murphy has had a front-row seat as the company went from a pre-revenue, []