Matt Murphy
Partner at Menlo Ventures, where he invests in technology companies including Anthropic. He has discussed Menlo’s Anthropic investment, the company’s growth, and potential IPO returns in an interview with Bloomberg’s David Gura.
Anthropic’s IPO Could Deliver Menlo Ventures’ Biggest Return
Menlo Ventures partner Matt Murphy says the firm’s investment in Anthropic is poised to deliver its largest return ever if the AI company goes public. Menlo has backed Anthropic in every round since 2023, and Murphy argues that its S-1 offers investors a rare chance to assess extraordinary growth directly. He also says the competitive test is shifting beyond model quality to include access to compute and how efficiently companies use it.
SpaceX Plans Record $75 Billion IPO at Fixed $135 Price
AI demand is driving unusually large financings and sharper questions about dilution, pricing and overinvestment across the technology market. Bloomberg reported that SpaceX is planning a record $75 billion IPO at $135 a share while setting the price before the usual marketing phase, making it the clearest example of companies testing Wall Street conventions as capital needs rise. Alphabet’s upsized AI infrastructure raise and heavy hyperscaler bond issuance put the same pressure in broader context: Rebecca Walser argued monetization is still early, while Steve Tananbaum warned the buildout may become an infrastructure arms race with overinvestment risk.