Menlo Ventures' Venky Ganesan on whether AI revenue is real, seed investing and trillion-dollar exits
20VC · rss · 2026-10-05
On 20VC, Menlo Ventures partner Venky Ganesan (three-time Forbes Midas List, portfolio includes Anthropic, Lovable, Legora, Higgsfield, plus earlier hits Uber and Roku) covers the state of AI venture investing:
- Whether seed investing still works without a $1B fund
- How much of AI's revenue growth is actually real and what warning signs to watch
- When "overpaying" is the smartest investment, and whether ownership and price still matter in a world of trillion-dollar outcomes
- Why "Big Tech will buy us" is a dangerous thesis; why invest in venture at all vs. buying the Magnificent Seven
- When to sell a 40x winner vs. double down, and whether a $50M fund can compete with the giants
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