--- title: Insight Partners’ Devin Parekh on why the firm is... description: Insight Partners co-CEO Devin Parekh discusses why the $90 billion firm deliberately holds a diversified portfolio rather than concentrating in OpenAI and... canonical: https://daily.dev/posts/insight-partners-devin-parekh-on-why-the-firm-is-diversifying-while-everyone-else-bets-the-farm-on--cgpd0gryi twitter:card: summary_large_image twitter:site: @dailydotdev og:type: website og:site_name: daily.dev og:title: Insight Partners’ Devin Parekh on why the firm is diversifying while everyone else bets the farm on OpenAI and Anthropic | daily.dev og:description: Insight Partners co-CEO Devin Parekh discusses why the $90 billion firm deliberately holds a diversified portfolio rather than concentrating in OpenAI and... og:url: https://daily.dev/posts/insight-partners-devin-parekh-on-why-the-firm-is-diversifying-while-everyone-else-bets-the-farm-on--cgpd0gryi og:image: https://api.daily.dev/og/posts/CgPD0GRYi.png og:image:alt: Insight Partners’ Devin Parekh on why the firm is diversifying while everyone else bets the farm on OpenAI and Anthropic og:image:width: 1200 og:image:height: 630 og:locale: en --- > ## Documentation Index > Fetch the complete documentation index at: https://daily.dev/llms.txt > Use this file to discover all available pages before exploring further. # Insight Partners’ Devin Parekh on why the firm is diversifying while everyone else bets the farm on OpenAI and Anthropic **[TechCrunch](https://daily.dev/sources/tc)** · 10 min read · 0 upvotes · 0 comments ## Summary Insight Partners co-CEO Devin Parekh discusses why the $90 billion firm deliberately holds a diversified portfolio rather than concentrating in OpenAI and Anthropic like many other VCs. He explains the firm's investments in both rival AI labs, why it lost AI legal-tech company Legora to General Catalyst, its shift toward earlier-stage smaller checks amid rising late-stage valuations, and expectations for upcoming IPOs from Anthropic, OpenAI, and SpaceX. He also shares examples like Wiz and Armis illustrating Insight's approach to doubling down on winners and returning capital to LPs. ## Full article daily.dev links to this article rather than hosting it. Read it at the original source: ## Similar posts on daily.dev - [With AI, investor loyalty is \(almost\) dead: at least a dozen OpenAI VCs now also back Anthropic](https://daily.dev/posts/with-ai-investor-loyalty-is-almost-dead-at-least-a-dozen-openai-vcs-now-also-back-anthropic-4qnkinnll) · TechCrunch · 1 upvotes · 0 comments - [Anthropic and OpenAI are both launching joint ventures for enterprise AI services](https://daily.dev/posts/anthropic-and-openai-are-both-launching-joint-ventures-for-enterprise-ai-services-boszhxjqe) · TechCrunch · 1 upvotes · 0 comments - [OpenAI Has New Focus \(on the IPO\)](https://daily.dev/posts/openai-has-new-focus-on-the-ipo--4holcgqkj) · Hacker News · 0 upvotes · 0 comments - [What Anthropic and OpenAI launched in 72 hours has Wall Street paying attention](https://daily.dev/posts/what-anthropic-and-openai-launched-in-72-hours-has-wall-street-paying-attention-1vp3i02cu) · The New Stack · 3 upvotes · 0 comments --- Tags: [#ai](https://daily.dev/tags/ai), [#startup](https://daily.dev/tags/startup), [#venture-capital](https://daily.dev/tags/venture-capital), [#openai](https://daily.dev/tags/openai), [#anthropic](https://daily.dev/tags/anthropic) [View this post on daily.dev](https://daily.dev/posts/insight-partners-devin-parekh-on-why-the-firm-is-diversifying-while-everyone-else-bets-the-farm-on--cgpd0gryi) ```json {"@context":"https://schema.org","@graph":[{"@type":"Organization","@id":"https://daily.dev/#organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180},"sameAs":["https://twitter.com/dailydotdev","https://github.com/dailydotdev","https://www.linkedin.com/company/daily-dev-ltd"]},{"@type":"WebSite","@id":"https://daily.dev/#website","url":"https://daily.dev","name":"daily.dev","publisher":{"@id":"https://daily.dev/#organization"},"potentialAction":{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https://daily.dev/search?q={search_term_string}"},"query-input":"required name=search_term_string"}}]} {"@context":"https://schema.org","@type":"TechArticle","headline":"Insight Partners’ Devin Parekh on why the firm is diversifying while everyone else bets the farm on OpenAI and Anthropic","url":"https://daily.dev/posts/insight-partners-devin-parekh-on-why-the-firm-is-diversifying-while-everyone-else-bets-the-farm-on--cgpd0gryi","mainEntityOfPage":{"@type":"WebPage","@id":"https://daily.dev/posts/insight-partners-devin-parekh-on-why-the-firm-is-diversifying-while-everyone-else-bets-the-farm-on--cgpd0gryi"},"datePublished":"2026-09-13T21:33:59.891Z","dateModified":"2026-09-13T22:14:53.979Z","description":"Insight Partners co-CEO Devin Parekh discusses why the $90 billion firm deliberately holds a diversified portfolio rather than concentrating in OpenAI and...","image":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/5b30de857dbf555b5e102f0433485626?_a=AQAEuop","thumbnailUrl":"https://media.daily.dev/image/upload/f_auto,q_auto/v1/posts/5b30de857dbf555b5e102f0433485626?_a=AQAEuop","isAccessibleForFree":true,"articleSection":"TechCrunch","inLanguage":"en","publisher":{"@type":"Organization","name":"daily.dev","url":"https://daily.dev","logo":{"@type":"ImageObject","url":"https://daily.dev/apple-touch-icon.png","width":180,"height":180}},"author":{"@type":"Organization","name":"TechCrunch","logo":"https://media.daily.dev/image/upload/t_logo,f_auto/v1/logos/tc","url":"https://daily.dev/sources/tc"},"commentCount":0,"discussionUrl":"https://daily.dev/posts/insight-partners-devin-parekh-on-why-the-firm-is-diversifying-while-everyone-else-bets-the-farm-on--cgpd0gryi","interactionStatistic":[{"@type":"InteractionCounter","interactionType":{"@type":"LikeAction"},"userInteractionCount":0},{"@type":"InteractionCounter","interactionType":{"@type":"CommentAction"},"userInteractionCount":0}],"keywords":"ai,startup,venture-capital,openai,anthropic","timeRequired":"PT10M"} {"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https://daily.dev"},{"@type":"ListItem","position":2,"name":"TechCrunch","item":"https://daily.dev/sources/tc"},{"@type":"ListItem","position":3,"name":"Insight Partners’ Devin Parekh on why the firm is diversifying while everyone else bets the farm on OpenAI and Anthropic"}]} ```