Josh Kushner’s Thrive Fund grows sevenfold to $3.7 billion on AI bets
Thrive Capital’s 2022 early-stage venture capital fund, a $516 million investment vehicle that made early bets on OpenAI, SpaceX and Anduril Industries Inc., has grown to be worth more than $3.7 billion as of the end of June.
That figure, which is net of fees and other charges, was included in a letter to limited partners sent by Thrive chief executive officer and founder Josh Kushner earlier this week.
The letter highlights an investing strategy that Thrive pioneered in the venture capital industry: concentrating on a small subset of companies, rather than indexing an entire market.
