In 2024, Menlo Ventures made the risky decision to raise $500 million to invest in Anthropic PBC, then an underdog rival to OpenAI that had yet to generate meaningful revenue or gain mainstream adoption like ChatGPT.
View SourceIn 2024, Menlo Ventures made the risky decision to raise $500 million to invest in Anthropic PBC, then an underdog rival to OpenAI that had yet to generate meaningful revenue or gain mainstream adoption like ChatGPT.
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