From 'heartburn' to $14 billion: Inside Menlo's early Anthropic investment that broke all the rules.
· businessinsider.com
As Anthropic prepares to go public, Menlo Ventures will be one of the biggest winners, turning an estimated $1 billion stake into around $14 billion.
Anthropic was too expensive, too early, and had no revenue. Menlo Ventures invested anyway, and that gamble is now worth an estimated $14 billion.
When partner...