Thrive Capital
Coverage of Thrive Capital in the Nexus archive.
- Billionaire Joshua Kushner just bought the Lakers for $12.5 billion—OpenAI’s Sam Altman once said he ‘doesn’t care’ what others think
Joshua Kushner announced a teaming up with Bob Iger to purchase the Los Angeles Lakers for $12.5 billion, marking a record sale price in U.S. sports history. Kushner also detailed his investment strategy with Thrive Capital, noting that after Sam Altman advised skepticism, his firm invested over $2 billion in OpenAI.
- Josh Kushner moves into spotlight after stunning purchase of Lakers with partner Bob Iger
Josh Kushner and Bob Iger announced a stunning agreement to buy the NBA’s Los Angeles Lakers from Mark Walter at $12.5 billion, which is stated as the highest valuation for a team sports sale. This deal marked a high-profile entry into the sports market for the tech investor Josh Kushner. Historically, he has also utilized his venture capital firm, Thrive Capital, to invest in companies like OpenAI and SpaceX.
- European nations have won more than half of all World Cups. Now they’re threatening to boycott the next one
European nations, which have won over half of all men’s World Cups, are threatening to boycott the next tournament amid disputes over FIFA’s revenue distribution and cost-sharing plans. FIFA’s 2026 World Cup generated $9–$13 billion in revenue, exceeding forecasts, but host cities bore costs for security, transportation, and stadium upgrades. FIFA now proposes expanding the 2030 World Cup to 64 teams via a $20 billion commercial subsidiary, offering $40 million to member associations to secure support.
- Anduril in talks to raise funding at about $100 billion valuation
Defense tech firm Anduril is in talks with investors for a potential $100 billion valuation funding round, which could rival companies like Northrop Grumman and Lockheed Martin. The company has seen rapid growth in military sales and recently announced new drones, including the Thunder vertical-takeoff-and-landing model, alongside increased revenue and workforce expansion.
- How six venture capital giants are reshaping startup financing
Six venture capital firms—Andreessen Horowitz, Sequoia Capital, Thrive Capital, Lightspeed Venture Partners, Founders Fund, and General Catalyst—now raise more capital than all other U.S. venture firms combined, driven by AI startup demands, private company retention, and institutional investor preferences. These firms offer entrepreneurs resources like advisers and recruiting support but also impose high expectations for rapid scaling and large returns, prompting some founders to seek smaller, more flexible investors.
- STAT+: Longevity startup NewLimit raises $435 million ahead of first clinical trial
Longevity startup NewLimit raised $435 million in a Series C funding round led by Founders Fund, Thrive Capital, Lilly Ventures, and tech entrepreneurs Nat Friedman and Daniel Gross. The company, founded in 2021 by Brian Armstrong, Blake Byers, and Jacob Kimmel, plans to launch its first clinical trial of a liver medicine and is now valued at $3.1 billion.
- Kushner’s Thrive Capital Invests $100 Million in Shopify
Kushner's Thrive Capital invested $100 million in Shopify, while Shopify Inc. shares fell due to projected slowing profit growth. Executives plan to increase spending to boost sales growth. The investment occurred amidst Shopify's efforts to improve sales.
- Bob Iger rejoins Thrive Capital as advisor after Disney exit
Bob Iger, former Disney CEO, has rejoined Thrive Capital as an advisor. He holds a stake in the firm and was previously a venture partner at Thrive Capital.
- Sources: Cursor in talks to raise $2B+ at $50B valuation as enterprise growth surges
Cursor is in talks to raise over $2 billion at a $50 billion valuation, driven by surging enterprise growth. Returning investors a16z and Thrive are expected to lead the funding round.