Some of the biggest VC firms are backing both OpenAI and Anthropic; the growing trend of backing rival startups, once taboo, shows how AI has scrambled funding
Silicon Valley investors are breaking a longstanding taboo by investing in competing startups.
No knock on fellow VC firms that have backed both OpenAI and Anthropic given they're generational companies, but for me, I'm a one woman and one-LLM man... 😂 At least my wife appreciated this quote... https://www.bloomberg.com/... [image]
Silicon Valley used to have a rule: don't back competing startups. In the race between OpenAI and Anthropic, that rule has apparently been waived. The two companies are tapping many of the same investors in their latest megarounds. Here's why, w/ @nmasc_ https://www.bloomberg.com…
“Overlapping VCs can cause problems for AI startups, who fear that backers of competing companies will share proprietary information, or may otherwise compromise one of their investments in favor of another.” www.bloomberg.com/news/article...