Thrive Capital invested about $1 billion in OpenAI at a $285 billion valuation, source says

Leaked Thrive deck: $26.8B in AUM as of June 30, 2025, deal value peaked in Q4 2021, positive DPI for four early funds, including 2.4x for 2016's Thrive V, more (Eric Newcomer/Newcomer)

Eric Newcomer / Newcomer: Leaked Thrive deck: $26.8B in AUM as of June 30, 2025, deal value peaked in Q4 2021, positive DPI for four early funds, including 2.4x for 2016's Thrive V, more — We've got an inside look at Josh Kushner's Thrive Capital's performance View in browser EXCLUSIVE: Thrive…

Thrive’s Buy-And-Hold Strategy Lifts Value of Early Fund Sixfold

Thrive Capital invested about $1 billion in OpenAI at a $285 billion valuation, source says

The investment was separate from the $100 billion funding round that OpenAI is finalizing, according to a source.

SCOOP: Thrive Netted 2.4x DPI from 2016 Fund. Here's Thrive's $10 Billion Pitch.

Josh Kushner’s Thrive Capital — an investor in OpenAI, Stripe, Databricks, Cursor, and Anduril — announced last week that it had raised $10 billion. We’ve got our hands on a deck Thrive seems to have used to raise that round. We’re sharing six key newsworthy slides that discuss Thrive’s assets under management, multiple on invested capital, distributions to paid-in capital, total value to paid-in capital, multi-stage strategic philosophy, and mo…