Deedy Das, Partner at Menlo Ventures, returns to Latent Space to discuss his journey from Glean to venture capital, the explosive rise of Anthropic, and how AI is reshaping enterprise software and coding. From investing in Anthropic early on when they had no revenue to managing the $100M Ontology...
Deedy Das, Partner at Menlo Ventures, returns to Latent Space to discuss his journey from Glean to venture capital, the explosive rise of Anthropic, and how AI is reshaping enterprise software and coding. From investing in Anthropic early on when they had no revenue to managing the $100M Ontology Fund, Das shares insider perspectives on the fastest-growing software company in history and what's next for AI infrastructure, research investing, and the future of engineering.
We cover Glean’s rise from “boring” enterprise search to a $7B AI-native company, Anthropic's meteoric rise, the strategic decisions behind products like Claude Code, and why market share in enterprise AI is shifting dramatically. Das explains his investment thesis on research companies like Goodfire, Prime Intellect, and OpenRouter and how the Anthology Fund is quietly seeding the next wave of AI infra, research, and devtools.
Chapters
00:00:00 Introduction and Deedy's Return to Latent Space
00:01:20 Glean's Journey: From Boring Enterprise Search to $7B Valuation
00:15:37 Anthropic's Meteoric Rise and Market Share Dynamics
00:17:50 Claude Artifacts and Product Innovation
00:41:20 The Anthology Fund: Investing in the Anthropic Ecosystem
00:48:01 Goodfire and Mechanistic Interpretability
00:51:25 Prime Intellect and Distributed AI Training
00:53:40 OpenRouter: Building the AI Model Gateway
01:13:36 The Stargate Project and Infrastructure Arms Race
01:18:14 The Future of Software Engineering and AI Coding