Thrive is taking a stake in the San Francisco Giants via a new venture that will invest in franchises and cultural institutions that can't be replicated by AI
It's the first investment from the firm's new strategy focused on long-term investments in franchises and cultural institutions that can't be replicated by AI
Wall Street Journal Kate Clark
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Discussion
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@joshuakushner
Joshua Kushner
on x
Today we announce Thrive Eternal, a permanent capital holding company that will be concentrated in a small number of assets that we can own and steward over many decades. Across Thrive Capital and Thrive Holdings, we are building and investing through a moment of exponential
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@anuatluru
Anu
on x
The best thing about this move is that everyone knows *culture* is extremely valuable but very few serious investors are able or willing to stake their business model and reputation on it. [image]
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@packym
Packy McCormick
on x
Buy scarce assets, hold forever.
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@jakeottiger
Jake
on x
be long post agi businesses: - entertainment - services - health & wellness - the labs themselves
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@metacriticcap
@metacriticcap
on x
Nooooooo!!! Sequoia did that exactly two weeks before the nasdaq 2021 peak 😭😭😭
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@sporadica
@sporadica
on x
In reality, the only jobs/industries that would legitimately survive post-singularity would be human-centered domains like sports, entertainment, etc. Buying a sports team is probably one of the best investments you can make outside of AI rn
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@matt_slotnick
Matt Slotnick
on x
not in a million years would you guess the inaugural investment revealed at the end of this post
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@fuckpoasting
Fudge
on x
with all the nyc v/s sf debates, something very poetic about a nyc firm owning a sf sports team
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@scottbelsky
Scott Belsky
on x
scarce assets that become ever more vital in an era of abundance are becoming an increasingly fascinating investment class, led by investors that understand stewardship
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r/baseball
r
on reddit
Thrive Capital to Take a Stake in the San Francisco Giants