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
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 […
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