Menlo Ventures, every mention

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every year anyone Harry Stebbings 45Matt Murphy 11Shervin Pishevar 9Jason Lemkin 8Sam Lessin 3Jerry Murdock 2Rory O'Driscoll 1Mitchell Green 1Josh Browder 1Javier Soltero 1

Verbatim, from the transcripts: the passages where Menlo Ventures comes up

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Jensen Huang Declares AGI Has Arrived | Tesla Launches Cybercabs | Index Pulls Out of Town Sep 10, 2026 · 1 mention

The AI Bubble WILL Burst | Should we be fearful of Chinese Open-Source | Jerry Murdock Aug 22, 2026 · 2 mentions

Stripe's $8B OpenRouter Bet | Anthropic's First Profit & The Math Behind Reaching $600B in Revenue? Aug 20, 2026 · 4 mentions

OpenRouter CEO: Why Chinese Open Models Are Beating the US | Why Enterprises Fear OpenAI & Anthropic Aug 9, 2026 · 1 mention

Will Open-Source Threaten Anthropic's Business & Do Margins Matter in a World of AI | Matt Murphy Jul 27, 2026 · 17 mentions

  • ▶ 0:14 Harry Stebbings Now joining me in the hot seat today, we have someone I've known for 10 years, Matt Murphy, partner at Menlo.
  • ▶ 1:38 Harry Stebbings I think it's at the cornerstone of, of Menlo and of the last few years for you investing. 2 times in the scene
  • ▶ 7:01 Matt Murphy And I think the new Menlo that I'm part of has shown extreme flexibility
  • ▶ 10:28 Matt Murphy We need to go all in Menlo style, you know, our recruiting team, our, uh, you know, our BD team, and just get close to the, the founding team, see, build relationships, see how we can have value.
  • ▶ 15:42 Matt Murphy Um, but it wasn't, um, it, it was just, that was very nerve wracking because Menlo had never done an SPV before.
  • ▶ 18:46 Harry Stebbings Um, Anthropic has been incredible for, for Menlo and for you, and it's been a massive brand builder in AI, positioning you as one of the leading firms.
  • ▶ 35:54 Matt Murphy So that's kind of like the Menlo inflection classic kind of, uh, investment, but really it's been more to these outliers where they've completely, you know, broken out somewhere above 10 or, and that's kind of like market specific where…
  • ▶ 41:26 Matt Murphy And that's what we've really wanted to, to keep at Menlo. 2 times in the scene
  • ▶ 53:28 Harry Stebbings What was the most controversial deal inside Manlo that you remember? 2 times in the scene
  • ▶ 55:35 Matt Murphy You know, I think Menlo has always had a challenger mentality since myself and Venki came over a little over 10 years ago, and kind of, Sean Carrollin came back, and, and, you know, Mark Siegel was the partner who was there who kind of put… 2 times in the scene
  • ▶ 58:08 Matt Murphy Oh, I mean, certainly just, um, how big companies can be and how bold Menlo should be in, in, in pursuing those, um, that we need people who are, you know, free thinkers and willing to take those, those kind of risks.
  • ▶ 1:04:55 Matt Murphy Um, but aside from that, like the thing I'm most excited about probably goes back to like where Menlo is now and watching, uh, how we really lean into and take advantage of this opportunity with the team we have now that we've assembled. 2 times in the scene

Zuckerberg Back on X Challenging Codex & Claude Code | SK Hynix’s $26BN IPO · 20VC with Harry Stebbings Jul 16, 2026 · 4 mentions

  • ▶ 1:20:39 Harry Stebbings So I literally, while we were recording final one, I think, but, and it may, it may not be one for a discussion or a continuation of what we discussed before about Manlo and their fund size, but Greylock announced that they have raised… 4 times in the scene

DeepSeek Raises at $50B | The Rise of Open Source vs OpenAI & Anthropic | OpenAI Builds Own Chip · 20VC with Harry Stebbings Jun 25, 2026 · 9 mentions

  • ▶ 51:07 unnamed speaker You know, we're sitting here and, and Menlo just raised a three billion dollar fund after 50 years on the back of a crazy bed in Anthropik that, that, that went very well, right?
  • ▶ 52:44 Harry Stebbings Jason, you mentioned Menlo, uh, obviously one of the biggest winners from Anthropik raised three billion dollars. 8 times in the scene

Anthropic Files to Go Public | Cognition Raises $1BN at $26BN Valuation | The 996 Work Ethic · 20VC with Harry Stebbings Jun 4, 2026 · 3 mentions

  • ▶ 6:26 unnamed speaker The Series C where Spark brilliantly led the round and Menlo did it.
  • ▶ 1:25:09 Harry Stebbings You know, Menlo will make ten billion dollars in carry, uh, Spot will too, plus, um, Founders Fund will make more than that from SpaceX. 2 times in the scene

Turning Peter Thiel's $100K into $10M Angel Portfolio & Why VCs Can Be Sharks | Josh Browder · 20VC with Harry Stebbings May 18, 2026 · 1 mention

  • ▶ 1:17:49 Josh Browder Like, um, if Menlo Ventures sell secondary in a company, the company is dead because the signaling risk is, is huge or any firm.

Anthropic Buys Compute From Elon & Commits $200BN to Google | Cerebras IPO | Ramp Raises at $40BN · 20VC with Harry Stebbings May 14, 2026 · 2 mentions

  • ▶ 5:48 Jason Lemkin Two, Anthropic last year warned Menlo, one of its best investors and others, enough with the SPVs, they said publicly, enough with the damn SPVs. 2 times in the scene

Why You Need a $1B Fund To Do Series A | SpaceX at $2TRN & Data Centers in Space | Groq's $20BN Deal · 20VC with Harry Stebbings Mar 26, 2026 · 2 mentions

  • ▶ 1:14:55 unnamed speaker I think it'll be interesting to see Matt Murphy at Manly. 2 times in the scene

Mitchell Green: Why 50% of VCs Should Not Exist · 20VC with Harry Stebbings Mar 7, 2026 · 1 mention

  • ▶ 59:55 Mitchell Green I give the guys at Menlo a huge, I give, like, Matt Murphy, who's a buddy of mine, a huge amount of credit.

Thrive Raises New $10B Fund | OpenAI Buys OpenClaw | Stripe at $140B: Is Adyen Wildly Undervalued? · 20VC with Harry Stebbings Feb 19, 2026 · 1 mention

  • ▶ 48:14 Rory O'Driscoll I mean, you know, fair credit to the, you know, the smart folks who looked at Entropic in May of 23 at Spark, Capital, and Menlo and said,

Anthropic’s $10B Raise | a16z’s $15B Fund: Is the Middle Dead in VC? | How OpenAI Could Go to Zero? · 20VC with Harry Stebbings Jan 15, 2026 · 1 mention

  • ▶ 56:40 unnamed speaker I mean, the first venture round at OpenAI was twenty-three billion pre with Thrive, and the first venture round at Entropic was four billion pre with Spark and Menlo, you know, right?

Predictions for 2026: Top Buy & Biggest Short | Why Salesforce Could Win & NVIDIA’s Challenges · 20VC with Harry Stebbings Dec 22, 2025 · 3 mentions

  • ▶ 18:21 Harry Stebbings Menlo. 2 times in the scene
  • ▶ 24:31 unnamed speaker It was all about managing cloud compute and data, data, and to be able to ride the AI, like our job, every founder that's listening to this and every VC, every Menlo, right?

Will Cursor Kill Figma? Lightspeed Raises $9B & OpenAI’s $1B from Disney & #1 App in App Store · 20VC with Harry Stebbings Dec 18, 2025 · 1 mention

  • ▶ 45:03 unnamed speaker Well, I don't know if you did it or your AI machine did it, but, you know, making the point that, you know, when you look at, citing the Menlo work, which is really nice, that, you know, 50, 60% of all the end user spend on AI right now is…

Anthropic Raises $30B from Microsoft & NVIDIA & NVIDIA’s Core Business Faces TPU Threat · 20VC with Harry Stebbings Nov 27, 2025 · 1 mention

Figma’s IPO: The Full Breakdown & Why Melio’s $2.5BN Acquisition is “Discouraging” · 20VC with Harry Stebbings Jul 3, 2025 · 5 mentions

  • ▶ 40:17 Harry Stebbings I think an interesting one on that perspective is Menlo raised another billion and a half, uh, record replatforming in venture. 5 times in the scene

Is DPI The Only Thing That Matters? with Sam Lessin, Jason Lemkin & Rory O’Driscoll · 20VC with Harry Stebbings Jun 5, 2025 · 6 mentions

  • ▶ 19:57 Jason Lemkin When I look at principal stockholders, there's dilution, but I don't see any of the seed guys on table, so that says to me they probably sold the 20, some amount of twenty five billion when I literally only see DST, Crosslink, and Menlo. 3 times in the scene
  • ▶ 24:45 Sam Lessin And if you're Menlo, 3 times in the scene

20VC: Foundation Models: Who Wins & Who Loses | How Economies and Labour Markets Need to Change in a World of AI | China vs the US in an AI Race: What You Need to Know | Rich Socher, Founder @ You.com Apr 18, 2025 · 2 mentions

  • ▶ 1:46 Harry Stebbings I discovered this on Harmonic, the complete startup database used by Excel, Insight, Menlo, and hundreds of other leading VCs, as well as go-to-market teams, from the likes of Notion, Brex, and Google, to find the best startups and…
  • ▶ 1:01:40 Harry Stebbings I discovered this on Harmonic, the complete startup database used by Excel, Insight, Menlo, and hundreds of other leading VCs, as well as go-to-market teams, from the likes of Notion, Brex, and Google, to find the best startups and…

20VC: The Daily Deal: Coreweave IPO | Scale Hits $25BN on $2BN EOY Revenue | Sequoia's 25x Return on Wiz | Tech Stocks Tank with Tariffs | Cursor: Defensible or Dangerous Example of Lost Moats in Tech Apr 3, 2025 · 2 mentions

  • ▶ 1:27 Harry Stebbings I discovered this on Harmonic, the complete startup database used by Excel, Insight, Menlo, and hundreds of other leading VCs, as well as go-to-market teams from the likes of Notion, Brex, and Google, to find the best startups and…
  • ▶ 1:25:11 Harry Stebbings I discovered this on Harmonic, the complete startup database used by Excel, Insight, Menlo, and hundreds of other leading VCs, as well as go-to-market teams, from the likes of Notion, Brex, and Google, to find the best startups and…

Shervin Pishevar: What Really Happened in the Firing of Travis Kalanick | E1245 · 20VC with Harry Stebbings Jan 13, 2025 · 14 mentions

  • ▶ 3:44 Harry Stebbings Uh, listen, dude, I want to go to the Uber story, and I want to go to your time at Manlio. 5 times in the scene
  • ▶ 7:32 Shervin Pishevar Um, and I chased Travis, and, uh, you know, even before Menlo, for a year I was trying to meet him, and he was difficult to, to get to. 4 times in the scene
  • ▶ 13:25 Shervin Pishevar You know, and he was making me a strategic advisor after I left Menlo to start Sherpa, um, Capital, and, um, and so, before I started Sherpa, I, uh, he allowed me to buy secondary shares from another early person, so I, I sold all my…
  • ▶ 28:22 Shervin Pishevar And so, my solution to that was, ah, what's called Waverly Loans, which no one had used in 30 years, but I used Waverly Loans to structure my secondary purchase of shares from an early founder, um, when Travis let me, ah, you know, become,…
  • ▶ 40:16 Shervin Pishevar I think it was, you know, lowercase, first-round capital, Menlo, um, obviously Benchmark.
  • ▶ 1:17:37 Shervin Pishevar Um, I, so, I brought Snapchat to Menlo. 2 times in the scene

Jason Lemkin: Every VC has a FRAUD in their portfolio; The IPO market is about to EXPLODE | E1046 · 20VC with Harry Stebbings Aug 9, 2023 · 1 mention

20VC: The Right Way For Founders To Think About Capital Efficiency, How To Create A Culture of Continuous Learning & The Secret To Talent Assessment and Optimisation with Mariam Naficy, Founder & CEO @ Minted Mar 2, 2018 · 1 mention

  • ▶ 0:37 Harry Stebbings To date, Mariam's also raised eighty-nine million dollars in VC funding with Minted, from some of the very best in the business, including our favorites, Floodgate, Benchmark, Menlo, Slow, and Ridge Ventures, and then prominent individuals…

20VC: Why Adaptability Is Key To Fundraising, Why Supply Is Always The First Priority In Marketplaces & Why Sometimes You Have To Hire Fast & Fire Fast with Nav Athwal, Founder & CEO @ RealtyShares Oct 21, 2016 · 3 mentions

  • ▶ 0:28 Harry Stebbings For that, and they've also raised funding from some of the world's best investors, including the one and only Union Square Ventures, General Catalyst, and Menlo Ventures.
  • ▶ 18:49 Harry Stebbings Cause you've raised from, as we said earlier, Nico, a general catalyst, but also USV and Menlo. 2 times in the scene

20VC: What LP's Want In VCs with Beezer Clarkson, Managing Director @ Sapphire Ventures Jun 13, 2016 · 1 mention

  • ▶ 20:00 Beezer Clarkson But I can tell you in April, the same trend has continued, and you've seen a number of familiar names coming back to market, like GGV, Menlo, Mayfield, Felicis, Union Square.

FF 012: Acquired by Microsoft for $200m with Javier Soltero @ Microsoft Sep 6, 2015 · 1 mention

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