This episode is supported by Xero, helping businesses use AI with more control through JAX, its in-platform AI finance partner. Get 90% off your plan for your first 6 months at xero.com/highflyers.

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Venky Ganesan is a Partner at Menlo Ventures, one of Silicon Valley’s oldest venture capital firms, where he has helped lead its push into AI and backed companies including Anthropic, Abnormal AI and Palo Alto Networks. He has spent 20+ years in venture capital, after starting his career as an entrepreneur and co-founding Trigo Technologies, which was acquired by IBM in 2004.

In this rare public conversation, Venky joins Vidit to unpack a journey that began in India before he moved alone to rural Washington State at 16. He shares the culture shock of arriving in America, working through college, choosing a $39,000 McKinsey job over a far more lucrative offer, and eventually becoming an entrepreneur — co-founding Trigo Technologies and selling the company to IBM in 2004.

They also explore Venky’s 20+ years in venture capital, from backing Palo Alto Networks early in its journey to becoming a Partner at Menlo Ventures and helping drive the firm’s push into AI. Venky shares what separates good founders from great ones, why “propensity for action” has become one of his strongest signals, how he thinks about position sizing and why VCs often end up with more money in their worst companies than their best. He also unpacks today’s extraordinary AI market, investing in Anthropic, and why he believes the industry is moving from innovators to “imitators and idiots.”

Venky reflects on the role his wife has played in his life, the stroke that nearly killed him and changed his perspective, what more than two decades of investing have taught him about ambition, and more.

Please enjoy exploring your curiosity.

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This episode is supported by Xero, helping businesses use AI with more control through JAX, its in-platform AI finance partner. Get 90% off your plan for your first 6 months at xero.com/highflyers.

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TIMESTAMPS

01:17 — The 15-year-old who talked his way into a job
03:21 — Growing up in India with big ambitions
08:08 — An unexpected lesson from Nelson Mandela
10:05 — Leaving India alone at 16
14:10 — Why technology became his path to freedom
22:41 — McKinsey, entrepreneurship and selling to IBM
31:13 — From founder to venture capitalist
39:57 — The signal Venky looks for in great founders
44:02 — How he backed Palo Alto Networks early
47:00 — Reinventing Menlo for the AI era
53:14 — AI’s “innovators, imitators and idiots”
59:25 — The most disorienting market of his career
1:06:05 — The stroke that nearly killed him
1:08:20 — Rapid fire

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The High Flyers Podcast features in-depth interviews with the world’s most influential figures in business, tech, finance, government and sport. Launched in 2020, it has ranked in the global top ten for past three years, with listeners in 27 countries and over 200+ episodes released, and featured in Forbes, Daily Telegraph, and at SXSW.

Our guests include -- Malcolm Turnbull (Prime Minister of Australia), Keith Rabois (Managing Director, Khosla Ventures), Jason Collins (Head of BlackRock, Asia Pacific), Brad Banducci (CEO, Woolworths), Michael Schneider (CEO, Bunnings), David Eckstein (CFO, Legora), David Schneider (Growth Fund Co-Lead Partner, Coatue), Venky Ganesan (Managing Partner, Menlo Ventures), Shiv Rao (CEO, Abridge), Jesse Zhang (CEO, Decagon), Vandita Pant (CFO, BHP), Elena Verna (Head of Growth, Lovable), David Haber (a16z Partner), Jodie Auster (Uber's Global Head of Travel), Paul Grosmann (CEO, RM Williams), Rob Giglio (CCO, Canva), Jean-Michel Limieux (CTO, Shopify and Atlassian), Stevie Case (CRO, Vanta), Cristina Cordova (COO, Linear), Gautam Chari (Head of Capital Commitments, Bank of America), John Haddock (CBO, Harvey), Mark Suster (Partner, Upfront Ventures), Niki Scevak (Partner, Blackbird), Craig Tiley (CEO, USA Tennis), Jeanne DeWitt Grosser (COO, Vercel), Paul Bassat (Partner, Square Peg), Bowen Pan (Creator, Facebook Marketplace), Peter Varghese (Secretary of Foreign Affairs, Australian Government), Sam Sicilia (CIO, Hostplus), Jack Zhang (CEO, Airwallex), Tim Doyle (CEO, Eucalyptus), Sukhinder Singh Cassidy (CEO, Xero), Sanjeev Gandhi (CEO, Orica) and Philip Green (Australia's Ambassador/High Commissioner to India).

#284 Venky Ganesan: Menlo Ventures Partner on early Anthropic investment and moving from India to rural America at 16

The High Flyers Podcast with Vidit Agarwal

#284 Venky Ganesan: Menlo Ventures Partner on early Anthropic investment and moving from India to rural America at 16