Leads early-stage investing in AI, cybersecurity, and fintech at Greylock; backed Airbnb, Facebook, and early AI leaders like Baseten and Crust AI; currently deploying Fund XVIII across model, infrastructure, and application layers.
no scored calls yet — needs a stated position or a categorical verdict, with a matured window vs SPY
Fund 18 targets model layer (new data domains), infrastructure layer (entire stack rewritten around agents, agent cloud gate), and application layer (proliferation now that long-running agents work); six months into models powering agents, seeing amazing results from portfolio companies like Resolve AI.
Anthropic is a full-stack AI company with significant and rapidly growing revenue from first-party products like Claude Code and Claude Tag, not just model licensing; Greylock invested in Series F and later rounds.
Kimi K3 shows interesting efficiency techniques but uses more tokens per task than OpenAI/Anthropic models; benchmarks are imperfect and real-world performance needs time to percolate; Anthropic and OpenAI are full-stack companies with significant first-party revenue.