August 14, 2026

Thrive Capital’s first investor letter shows how completely OpenAI has come to define it

a group of people sitting around a conference table
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Joshua Kushner’s Thrive Capital has sent its first formal letter to investors, and the standout figure captures the AI era in miniature. One of its funds has swelled to about $3.7bn in value, driven overwhelmingly by early bets on OpenAI and SpaceX.....