🔸Menlo Ventures and Anthropic have picked the first 18 startups for their $100M fund
Menlo Ventures and Anthropic have selected the first 18 startups for their newly established $100 million Anthology Fund, which focuses on supporting innovative companies in the AI space. The selected startups were chosen from thousands of applicants and include those working on areas such as recruitment software, autonomous coding, fintech compliance, and radiology analysis.
The fund aims to combine elements of a corporate startup program and an incubator, offering investments of at least $100,000 along with $25,000 in credits for Anthropic’s AI models. This initiative reflects a broader strategy to explore new applications built on AI foundational models, positioning both Menlo Ventures and Anthropic at the forefront of upcoming trends in AI for 2025.
🔸Menlo Ventures and Anthropic have picked the first 18 startups for their $100M fund
Menlo Ventures and Anthropic have selected the first 18 startups for their newly established $100 million Anthology Fund, which focuses on supporting innovative companies in the AI space. The selected startups were chosen from thousands of applicants and include those working on areas such as recruitment software, autonomous coding, fintech compliance, and radiology analysis.
The fund aims to combine elements of a corporate startup program and an incubator, offering investments of at least $100,000 along with $25,000 in credits for Anthropic’s AI models. This initiative reflects a broader strategy to explore new applications built on AI foundational models, positioning both Menlo Ventures and Anthropic at the forefront of upcoming trends in AI for 2025.
The STAR Market, as is implied by the name, is heavily geared toward smaller innovative tech companies, in particular those engaged in strategically important fields, such as biopharmaceuticals, 5G technology, semiconductors, and new energy. The STAR Market currently has 340 listed securities. The STAR Market is seen as important for China’s high-tech and emerging industries, providing a space for smaller companies to raise capital in China. This is especially significant for technology companies that may be viewed with suspicion on overseas stock exchanges.
Should You Buy Bitcoin?
In general, many financial experts support their clients’ desire to buy cryptocurrency, but they don’t recommend it unless clients express interest. “The biggest concern for us is if someone wants to invest in crypto and the investment they choose doesn’t do well, and then all of a sudden they can’t send their kids to college,” says Ian Harvey, a certified financial planner (CFP) in New York City. “Then it wasn’t worth the risk.” The speculative nature of cryptocurrency leads some planners to recommend it for clients’ “side” investments. “Some call it a Vegas account,” says Scott Hammel, a CFP in Dallas. “Let’s keep this away from our real long-term perspective, make sure it doesn’t become too large a portion of your portfolio.” In a very real sense, Bitcoin is like a single stock, and advisors wouldn’t recommend putting a sizable part of your portfolio into any one company. At most, planners suggest putting no more than 1% to 10% into Bitcoin if you’re passionate about it. “If it was one stock, you would never allocate any significant portion of your portfolio to it,” Hammel says.
