Josh Kushner’s Thrive is rewriting venture capital by betting big on fewer, high-potential ideas—like their deep partnership with OpenAI. Instead of chasing outliers, they focus intensely on a select group, even letting OpenAI employees join their spinout, Thrive Holdings, to accelerate AI adoption across acquired companies. Already owning over 70 businesses—from tax prep to IT support—Thrive proves AI can deliver real-world value. Backed early by giants like SpaceX and Anduril, their $516M fund has ballooned to $3.7B, managing $60B in assets with a 41% IRR. Kushner hints at even bigger returns ahead, possibly from SpaceX or OpenAI going public.
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