Thrive Capital?
Any insights on Thrive Capital? Josh Kushner’s VC fund? They seem to be quite large. Heard that the investment team is small but that’s because they have a separate portfolio impact team. Any other insights or personal experiences would be great as there are literally no threads on here.
Based on the most helpful WSO content, there are no specific threads or detailed insights available about Thrive Capital in the provided dataset. Thrive Capital, founded by Josh Kushner, is indeed a prominent venture capital firm known for its investments in technology and media companies. However, for more detailed information on their investment team, culture, or structure, it seems additional resources or firsthand experiences outside the dataset would be necessary.
I'm sorry, but it looks like this may be out of my ability to answer... maybe some of the links below might help?
absolute tier 1 in the Bay Area, spoke to one of their partners before durning DD super sharp
Are they not NY based?or do they also have a Bay Area office
Yes they’re NY based. That said they’re super legit, top decile returns, Kushner is Altman’s closest VC advisor, kill it in the growth game
Yea seems like they’re on a roll atm. Led OpenAI and Databricks rounds, significant stake in Wiz. They’re doing something right
Lmao what about that OpenAI round makes you feel like that was a good investment? I know more than a dozen people personally that passed on that round. Anyone with eyes that did the math on the valuation could see it doesn't work.
I think from a consumer mindshare perspective, ChatGPT is definitely in the lead as of now. Obviously there's still a question on if the subscription model is sustainable, and they're battling it out with some of the smartest minds (Zuck, Elon, Google's Gemini etc.). But if you subscribe to the notion that it ends up being a winner take all market and have faith in Altman, I think investing at that valuation is justified.
The enterprise battle is still up in the air.
Plus they're re-raising now at double the valuation, so clearly at least some other people are drinking the Kool aid.
They did the round at 157bn. Latest round is 300bn, eyeing next round at 500bn. That’s 2x in less than a year and 4x soon.
OpenAI is at 12bn ARR which was 5.5bn 7 months ago. Growth adjusted ARR multiple given their cost is super cheap. U tell me what u mean by the valuation doesn’t make sense.
you must be feeling really smart now huh
was referring to their presence in the Bay Area
Thrive is one of the best in the business, and one of the most aggressive. They're one of the rare funds that is both strong at early stage and growth investments. The only other multistage firms I can say that for are Sequoia and Founders Fund. Very lean investment team, extremely sharp.
what do you mean by sharp?
Smart. Josh/Miles/Kareem who are the main partners there are some of the smartest VCs in the industry. Their alums are insanely bright & accomplished too: Will Gaybrick is the #2 or #3 top exec at Stripe, Jared Weinstein who was a presidential aide, and Chris Paik who started his own fund. Josh has an uncanny ability to hire great young talent.
Do they even invest in Seed deals or do they only lead the handful of Series A-C deals a year?
They do more than just seed, they're known for incubating from scratch. Oscar, Imprint, Cedar, Capsule to name a few. I think they've incubated close to a dozen companies. I'd listen to the Invest Like the Best interview with Josh to get more insight into their strategy.
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