Tech article
Insight Partners’ Devin Parekh on why the firm is diversifying while everyone else bets the farm on OpenAI and Anthropic
Publisher description: Insight Partners' Devin Parekh opens up about losing Legora to General Catalyst, why he's fine holding stakes in rival AI labs, and why — even as everyone else piles into OpenAI and Anthropic — his $90 billion firm is deliberately staying diversified.
TechCrunch | Sep 13, 2026 | Connie Loizos
Automated excerpt
We’re investing in founders and companies. You’re invested in rival companies — OpenAI and Anthropic. Do you think LPs worry about concentration risk? But data over time doesn’t support excessive concentration, and most LPs don’t want that exposure either — though firms like Founders Fund and Thrive have done very well running concentrated strategies. Eventually even these companies become normal-growth companies, and you need public markets for that.
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