Anthropic's S-1 just revealed only 250 customers are spending over $10M on AI: Early Anthropic investor @mmurph at @MenloVentures on why we're at the "very tip of the spear" of enterprise AI adoption: "It shows you the value of the technology. If that happens at some large company, you're like, 'Why isn't that happening at more large companies?' Probably because they haven't tried it out enough. They haven't enabled their organization to do it. They haven't re-platformed all their existing applications. Think about this market and how big these companies have become in such a short period of time. Then you look and you're like, 'Wait a minute. How penetrated is the technology in the Fortune 5000?' Almost none. Okay, so they're doing some coding and some productivity. How many of them have really re-platformed their whole application stack? Nobody. We're at the very tip of the spear on all the re-platforming, all the new internal productivity apps these companies are going to build, and their comfort level and understanding of AI. The whole next leg of this wave will be spectacular."