Menlo Ventures’ Matt Murphy explains why Anthropic is winning (and it’s not the model)
- ID
- 6932
- Status
- summarized
- Published
- 23 Jul 2026, 2:02 AM
- Fetched
- 23 Jul 2026, 2:28 AM
- Provider
- TechCrunch
- Category
- technology
- Original URL
- https://techcrunch.com/video/menlo-ventures-matt-murphy-explains-why-anthropic-is-winning-and-its-not-the-model/
- Source URL
- https://techcrunch.com/feed/
Summary
- Score
- 7.5
- Created
- 23 Jul 2026, 2:28 AM
- Tags
- Audience
- developersai_ml_learnersai_agent_userssaas_startup_founders
What happened
Menlo Ventures' Matt Murphy discusses why Anthropic has surged to a $47 billion revenue run rate by May, up from $9 billion in 2025, arguing that the company's competitive edge is not primarily about model quality. Menlo led Anthropic's $500M Series D, giving Murphy a close view of the company's trajectory. He frames the growth as unprecedented compared to prior tech waves.
Why it matters
For Malaysian builders and founders, Anthropic's explosive revenue growth signals where enterprise AI spending is flowing and which developer ecosystems are gaining traction. Understanding why Anthropic is winning—beyond raw model benchmarks—can inform tool selection, partnership decisions, and startup positioning in the AI value chain.
Discussion angle
What does Anthropic's revenue trajectory tell us about where AI value is actually accruing—models, tooling, distribution, or enterprise relationships—and how should Malaysian startups and developers position relative to that?