While some dual investors are understandable, others were more shocking, and signal the disregard of a longstanding ethical conflict-of-interest rule.

TechCrunch (TC) is a leading technology news and media site that covers the latest trends, startups, and innovations in the tech industry. With breaking news,  analysis, and expert commentary, TechCrunch provides  insights into the world of technology and entrepreneurship. Developers can learn about emerging technologies, funding opportunities, and market trends by following TechCrunch's coverage of the tech industry.

TechCrunch

At least a dozen venture capital firms that invested in OpenAI—including Founders Fund, Iconiq, Insight Partners, and Sequoia Capital—also backed Anthropic's recent $30 billion Series G raise. This breaks a longstanding VC norm against investing in direct competitors. The piece examines why this is happening (record-breaking fundraising rounds, massive potential returns), highlights the conflict-of-interest implications around confidential startup information and board seats, and notes that Sam Altman previously warned investors against backing rivals. A handful of major VCs, like Andreessen Horowitz and Menlo Ventures, still maintain single-company loyalty.

With AI, investor loyalty is (almost) dead: at least a dozen OpenAI VCs now also back Anthropic

Save up to $300 or 30% to TechCrunch Founder Summit