Will Open-Source Threaten Anthropic's Business & Do Margins Matter in a World of AI | Matt Murphy
Matt Murphy is a Partner at Menlo Ventures, who just raised $3 billion in fresh capital, its largest pool ever. Matt's portfolio includes Anthropic, Lovable, Legora, OpenRouter, Chai Discovery, Axiom, OpenEvidence and more. ----------------------------------------------- Timestamps: 00:00 Intro 01:21 How Menlo Got Into Anthropic 05:12 Ownership Doesn't Matter Anymore 07:25 When Does Price Actually Matter? 10:18 How Menlo Sized Up for the Second Anthropic Round 13:43 When to Take Money Off the Table 22:00 Why Menlo Raised Only $3B When They Could Have Raised Much More 29:41 OpenRouter: Why M…