Here is what the page “Menlo Ventures' Matt Murphy on AI Investing: Where Anthropic's Early Backer Places Bets No” contains. Matt Murphy, a partner at Menlo Ventures and one of the earliest backers of AI startup Anthropic, shared his current investment focus and advice for founders in a recent interview with Business Insider's Ben Bergman. Murphy, who led Menlo's investment in Anthropic's Series A, emphasized that the AI landscape has shifted dramatically, with infrastructure and application layers now attracting significant capital.
He noted that Menlo is actively investing in AI-powered healthcare, legal tech, and developer tools, citing companies like Typeface and Harvey as examples of startups applying large language models to specific industries. Murphy advised founders to prioritize data moats and distribution advantages over raw model performance, arguing that proprietary data and customer access will determine long-term winners. The full version stays on the original page, which this listing opens directly.