How Menlo's $4BN Anthropic round turned it into a dominant venture leader
mmurph · x · 2026-10-06
In an interview with Harry Stebbings, Menlo Ventures' Venky Ganesan discusses the firm's remarkable 24 months: leading Anthropic's round at a $4BN valuation (now worth $50BN+ to the firm), then compounding that brand win into bets on Lovable, Higgsfield and Legora — repositioning Menlo alongside Thrive, a16z and Benchmark. Framework discussed: every seed investment is an option bet.
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