From early engineer at Glean to Partner at Menlo Ventures co-leading the Anthology Fund with Anthropic, Deedy Das has gone from shipping “boring” enterprise search to backing frontier labs, infra, and research plays like Anthropic, OpenRouter, Goodfire, Prime Intellect, and Whisper. We sat down with Deedy to unpack how Glean quietly built a real AI moat before LLMs were cool, why enterprise search is significantly different than consumer search, where value actually accrues in the model vs app stack, Anthropic’s rise and the importance of Claude Code, the Anthology Fund thesis, OpenRouter’s wedge, mechanistic interpretability, the coming compute arms race, coding agents and “LLM psychosis,” and what all of this means for AI engineers deciding what to build. @deedydas @swyx @FanaHOVA