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Investor letter: Josh Kushner says Thrive Capital raised a $1B early-stage fund and a $4B late-stage fund, its largest-ever pair, after backing OpenAI in 2023

The fundraising reflects optimism over artificial intelligence despite the startup sector's broader struggles

Wall Street Journal Berber Jin

Discussion

  • @patrickc Patrick Collison on x
    For over 10 years, Thrive has been one of Stripe's most helpful partners. Josh has unusual conviction, determination, and ambition.
  • @joshuakushner Joshua Kushner on x
    We are humbled to announce the close of Thrive IX. Exceeding $5 billion, Thrive IX comprises $1 billion designated for early-stage investments and $4 billion designated for growth-stage investments. At Thrive we aim to be concentrated in both people and ideas. The ways in which […
  • @joshm Josh Miller on x
    Thrive Capital & @JoshuaKushner had my back when... - I was starting a non-profit babysitting co-op - I wanted to become an investor, surprisingly - I decided to incubate @browsercompany - I realized I wanted to be CEO & leave Thrive - our bank collapsed, losing all of our cash