Menlo Ventures partner Matt Murphy highlights the unprecedented growth of AI startups like Anthropic, which reached a $47 billion revenue run rate by May. Murphy, who led Menlo's investment in Anthropic at a $4 billion pre-revenue valuation, notes this growth surpasses anything he's witnessed in 25 years of venture capital, including previous tech booms.

Murphy explains that Anthropic's success wasn't solely due to its model, but its evolution into a full platform with offerings like Claude Code and Claude Skills. He also addresses the Mythos rollout backlash, asserting it was more about safety than marketing.

He points to companies like Lovable and Legora as examples of rapid expansion, emphasizing the critical speed required for founders to compete in today's AI landscape. This insight comes from an interview on TechCrunch's Equity podcast.