The kids ‘picked last in gym class’ gear up for Super Bowl

The Super Bowl is happening in Silicon Valley this Sunday, and the Patriots-Seahawks game at Levi’s Stadium is going to be packed with tech money. YouTube CEO Neal Mohan is expected to be there. Apple’s Tim Cook, too. (He has become a Super Bowl fixture since Apple Music began sponsoring the halftime show several years ago.)

Longtime VC Venky Ganesan from Menlo Ventures gave the New York Times a quote about the whole thing, saying the Super Bowl in the Bay Area is “tech billionaires who got picked last in gym class paying $50,000 to pretend they’re friends with the guys who got picked first.” Added Ganesan, “And for the record, I, too, was picked last in gym class.”

Ganesan could likely afford a $50,000 ticket if he needed one. Menlo went all-in on Anthropic, setting up a $100 million fund with the AI company in summer 2024 to invest in other AI startups. The firm has also joined numerous funding rounds for Anthropic itself, both through its flagship fund and various special purpose vehicles. (Anthropic is reportedly expected to close a $20 billion round of funding next week at a post-money valuation of $350 billion.)

Tickets are expensive across the board, averaging almost $7,000 according to the Times (with some last-minute seats still available on StubHub for closer to $3,600, according to a quick glance at the ticket reseller site). Only a quarter go to the general public; the rest are distributed to NFL teams. Of all ticket buyers, the largest group (27%) is coming from Washington State for the Seahawks, who’ve won just one Super Bowl in franchise history compared with the Patriots’ six titles, all with Tom Brady at quarterback.

Google, OpenAI, Anthropic, Amazon, and Meta are splashing out for competing ads about whose AI is best for customers, so maybe their respective CEOs will show up, too. Other than Amazon’s Andy Jassy, who reportedly splits his time between Seattle and Santa Monica, all of them have homes within an hour or so of Sunday’s game.

This is just the third time the Bay Area has hosted the Super Bowl. The first time was in 1985 at Stanford Stadium, the original football stadium at Stanford University, where the 49ers beat the Dolphins. The second took place 10 years ago at Levi’s Stadium, when the Broncos beat the Panthers.