Menlo Ventures says it led 5 of the top 15 consumer AI apps, bet on Anthropic at ~$4B
shaunmmaguire · x · 2026-10-06
Sequoia's Shaun Maguire praised Menlo Ventures' hot streak, and Menlo responded with notable disclosures:
- Despite a low-volume strategy, Menlo led investments in 5 of the top 15 consumer AI apps by monthly revenue.
- Its signature call: leading Anthropic's round at a $4B valuation when most believed OpenAI would be the singular AI winner. Maguire hints Factory AI could be a similar story, with Factory's mmurph joining the team.
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