CNBC July 17, 2024
Key Points
– Anthropic and Menlo Ventures are teaming up to back early-stage startups, and get them using the artificial intelligence company’s technology.
– The $100 million Anthology Fund is modeled after the iFund, a 2008 partnership between Apple and Kleiner Perkins.
– “That was wildly successful — it really gave Apple a lens into a whole set of early developers, and what they need to be more attentive to,” said Matt Murphy, a partner at Menlo who previously worked at Kleiner Perkins.
Anthropic and one of its biggest investors are taking a page from Apple’s playbook.
The artificial intelligence startup and Menlo Ventures are launching a $100 million fund on Wednesday to back early-stage startups, and get them using...
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