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Questions about Menlo Ventures

Short answers, pulled from the story.

When was Menlo Ventures founded and who started it?

Menlo Ventures was founded in 1976 by H. DuBose Montgomery in Menlo Park, California. Technology press accounts have described it as one of Silicon Valley's oldest venture firms to remain active into the 2020s.

How much does Menlo Ventures have in assets under management?

As of 2023, Menlo Ventures had $5.6 billion in assets under management. TechCrunch reported that the firm had raised more than $3.8 billion across eight fund groups over its history.

Did Menlo Ventures invest in Uber?

Yes. TechCrunch reported in 2011 that Menlo Ventures led Uber's series B financing. TechCrunch later reported in 2019 that Uber's IPO was among the largest liquidity events for a U.S. venture-backed technology company.

What is the Menlo Ventures and Anthropic Anthology Fund?

The Anthology Fund is a $100 million initiative launched in July 2024 by Menlo Ventures and Anthropic together. CNBC described it as an early-stage fund targeting pre-seed, seed, and series A artificial-intelligence companies, intended to encourage startups to use Anthropic technology.

Did Menlo Ventures invest in Gilead Sciences?

Axios reported in 2023 that Menlo incubated Gilead Sciences in 1987. Gilead went on to raise $86.25 million in a 1992 initial public offering, according to VentureBeat.

Was Menlo Ventures involved with Siri before Apple acquired it?

Yes. MacRumors reported that Menlo managing director Shawn Carolan was a Siri board member and investor after its 2008 series A financing. Apple acquired Siri in 2010.