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

**[TechCrunch](https://daily.dev/sources/tc)** · 5 min read · 1 upvotes · 0 comments

## Summary

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.

## Full article

daily.dev links to this article rather than hosting it. Read it at the original source: <https://techcrunch.com/2026/02/23/with-ai-investor-loyalty-is-almost-dead-at-least-a-dozen-openai-vcs-now-also-back-anthropic/>

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Tags: [#ai](https://daily.dev/tags/ai), [#venture-capital](https://daily.dev/tags/venture-capital), [#openai](https://daily.dev/tags/openai), [#anthropic](https://daily.dev/tags/anthropic)

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