Joshua Kushner
Joshua Kushner is the founder and managing partner of Thrive Capital, a New York-based venture capital and growth equity firm he launched in 2009. He is best known for early bets on companies including Instagram, Stripe, Robinhood, and OpenAI, and for co-founding Oscar Health, a technology-driven health insurance company. In recent years he has expanded beyond venture capital through Thrive Holdings, which applies AI to traditional services businesses, and Thrive Eternal, a permanent capital vehicle targeting irreplaceable hard assets such as cultural institutions and sports franchises, including a pending minority stake in the San Francisco Giants.
“Thrive built a standalone, permanent-capital vehicle specifically to hold trophy assets. Thrive... bought the Lakers outright for a record $12.5 billion.”
Source→“Patrick Soon-Shiong said he doesn't plan to sell his 4% stake in the Los Angeles Lakers to the group led by Joshua Kushner and Bob Iger.”
Source→“The last Thrive fund to return meaningful cash to its investors was raised in 2016. Everything since is paper markups as they wait on returns from OpenAI, Stripe, and Anduril, and on a SpaceX position that has fallen substantially since the letter's June 30 cutoff and remains partly locked up.”
Source→“Founding partner Josh Kushner told press in a joint statement with Bob Iger the two agreed to buy out Mark Walter's 80% stake in the Los Angeles Lakers.”
Source→“Thrive's AI roll-up vehicle Thrive Holdings closed a $2 billion outside fundraise at a $12 billion valuation.”
Source→“OpenAI owns a stake in Thrive Holdings, and OpenAI employees can take on roles that sound awfully similar to forward-deployed-engineers at the companies Thrive aims roll up and empower with AI tools.”
Source→“Kushner's family ties to Trump only exacerbated the situation, as did a botched rollout... it looked like 'Gianni and private equity want to steal football.'”
Source→“Bob Iger and Joshua Kushner have spoken with bankers about bidding on an NBA expansion franchise in Las Vegas, per Bloomberg.”
Source→“Thrive Capital, VC firm led by Joshua Kushner — Took stake in San Francisco Giants; explicitly seeking assets that 'can't be replicated with AI.'”
Source→“Kushner already formed Thrive Holdings to apply AI to legacy services companies. Now he's building the third leg of his IPO optionality stool.”
Source→“This feels like an asset-gathering gambit by Thrive, which now joins the same IPO watchlist as General Catalyst and Andreessen Horowitz.”
Source→“Joshua Kushner's Thrive is now investing in pro sports, agreeing to buy a small stake in the San Francisco Giants.”
Source→“Thrive Eternal is a permanent capital vehicle initially funded by many existing investors in Thrive Capital's venture capital and growth equity funds.”
Source→AI-extracted from podcast / newsletter / paper summaries. May contain errors.