Menlo Ventures 合伙人 Matt Murphy 谈 AI 初创公司创始人必须做出的改变

截至五月，Anthropic 的收入运行率跃升至 470 亿美元：https://techcrunch.com/2026/07/08/these-ai-startups-are-growing-revenue-at-faster-and-faster-rates/，而 2025 年为 90 亿美元。这种增长速度是 Menlo Ventures 的 Matt Murphy：https://menlovc.com/team/matt-murphy/ 表示他在 25 年投资经历中从未见过的，无论是互联网浪潮、移动互联网，还是第一次云计算繁荣。Menlo 领投了 Anthropic 的 5 亿美元 D 轮融资，Murphy 近距离见证了公司从尚未盈利、未发布的赌注成长为最有价值的初创公司之一。

在这一期 TechCrunch 的 Equity：https://techcrunch.com/podcasts/equity/ 播客节目中，Julie Bort 与 Murphy 讨论了在其他人尚未投资 Anthropic 前为何支持它、为什么优秀的模型从来不是重点，以及推动他所见过最快增长初创公司的原因。

听完整集节目以了解更多内容：

Theresa Loconsolo 是 TechCrunch 的音频制作人，专注于 Equity，这是网络的旗舰播客。在 2022 年加入 TechCrunch 之前，她是一个四站集团的两名制作人之一，负责撰写、录制、配音和编辑内容，并为 lovelytheband 等嘉宾制作现场表演和访谈的工程。Theresa 常驻新泽西州，拥有蒙茅斯大学的传播学学士学位。您可以通过发送邮件至 theresa.loconsolo@techcrunch.com：mailto:theresa.loconsolo@techcrunch.com 联系或验证 Theresa 的联系。查看个人简介：https://techcrunch.com/author/theresa-loconsolo/ Julie Bort 风险投资编辑

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Jack Dorsey 正通过 Buzz 这一团队及其 AI 代理群聊平台：https://techcrunch.com/2026/07/21/jack-dorsey-is-taking-on-slack-with-buzz-a-group-chat-platform-for-teams-and-their-ai-agents/ 挑战 Slack。Amanda Silberling：https://techcrunch.com/author/amanda-silberling/

Light 公司推出了一款翻盖手机——它既多彩又便宜：https://techcrunch.com/2026/07/21/light-is-modernizing-the-flip-phone-with-light-flip/ Amanda Silberling：https://techcrunch.com/author/amanda-silberling/

AI 音乐生成器 Suno 数据泄露影响 5500 万用户，据 Have I Been Pwned：https://techcrunch.com/2026/07/21/ai-music-generator-suno-breach-affects-55m-users-per-have-i-been-pwned/ Zack Whittaker：https://techcrunch.com/author/zack-whittaker/

谷歌正在研发一种新的 AI 芯片，旨在提高 Gemini 的效率：https://techcrunch.com/2026/07/20/google-is-working-on-a-new-ai-chip-designed-to-make-gemini-more-efficient/ Lucas Ropek：https://techcrunch.com/author/lucas-ropek/

法官暂停 1100 亿美元的 Paramount-Warner Bros. 合并案：https://techcrunch.com/2026/07/20/judge-pauses-110b-paramount-warner-bros-merger/ Aisha Malik：https://techcrunch.com/author/aisha-malik/

可口可乐在 Fairlife 乳制品厂因勒索软件攻击暂停生产：https://techcrunch.com/2026/07/16/coca-cola-suspended-production-at-its-fairlife-dairy-after-a-ransomware-attack/ Zack Whittaker：https://techcrunch.com/author/zack-whittaker/

Anthropic leaped to a $47 billion revenue run rate by May,：https://techcrunch.com/2026/07/08/these-ai-startups-are-growing-revenue-at-faster-and-faster-rates/ compared to $9 billion in 2025. It’s the kind of growth that Menlo Ventures’ Matt Murphy：https://menlovc.com/team/matt-murphy/ says he’s never seen in 25 years of investing, not in the internet wave, not in mobile, not in the first cloud boom. Menlo led Anthropic’s $500M Series D, and Murphy has had a front-row seat as the company went from a pre-revenue, pre-launch bet to one of the most valuable startups out there.

On this episode of TechCrunch’s Equity：https://techcrunch.com/podcasts/equity/ podcast, Julie Bort talks with Murphy about backing Anthropic before anyone else would, why a great model was never the point, and what’s driving the fastest-growing startups he’s ever seen.

Listen to the full episode to hear more about:

Theresa Loconsolo is an audio producer at TechCrunch focusing on Equity, the network’s flagship podcast. Before joining TechCrunch in 2022, she was one of 2 producers at a four-station conglomerate where she wrote, recorded, voiced and edited content, and engineered live performances and interviews from guests like lovelytheband. Theresa is based in New Jersey and holds a bachelors degree in Communication from Monmouth University. You can contact or verify outreach from Theresa by emailing theresa.loconsolo@techcrunch.com：mailto:theresa.loconsolo@techcrunch.com. View Bio ：https://techcrunch.com/author/theresa-loconsolo/ Julie Bort Venture Editor

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Jack Dorsey is taking on Slack with Buzz, a group chat platform for teams and their AI agents：https://techcrunch.com/2026/07/21/jack-dorsey-is-taking-on-slack-with-buzz-a-group-chat-platform-for-teams-and-their-ai-agents/ Amanda Silberling：https://techcrunch.com/author/amanda-silberling/

Light made a flip phone — it’s colorful and it’s cheap：https://techcrunch.com/2026/07/21/light-is-modernizing-the-flip-phone-with-light-flip/ Amanda Silberling：https://techcrunch.com/author/amanda-silberling/

AI music generator Suno breach affects 55M users, per Have I Been Pwned：https://techcrunch.com/2026/07/21/ai-music-generator-suno-breach-affects-55m-users-per-have-i-been-pwned/ Zack Whittaker：https://techcrunch.com/author/zack-whittaker/

Google is working on a new AI chip designed to make Gemini more efficient：https://techcrunch.com/2026/07/20/google-is-working-on-a-new-ai-chip-designed-to-make-gemini-more-efficient/ Lucas Ropek：https://techcrunch.com/author/lucas-ropek/

Judge pauses $110B Paramount-Warner Bros. merger：https://techcrunch.com/2026/07/20/judge-pauses-110b-paramount-warner-bros-merger/ Aisha Malik：https://techcrunch.com/author/aisha-malik/

Coca-Cola suspended production at its Fairlife dairy after a ransomware attack：https://techcrunch.com/2026/07/16/coca-cola-suspended-production-at-its-fairlife-dairy-after-a-ransomware-attack/ Zack Whittaker：https://techcrunch.com/author/zack-whittaker/