Thrive Capital’s 2022 early-stage venture capital fund, a $516 million investment vehicle that made early bets on OpenAI, SpaceX and Anduril Industries Inc., has grown to be worth more than $3.7 billion as of the end of June. That figure, which is net of fees and other charges, was included in a letter to limited partners sent by Thrive chief executive officer and founder Josh Kushner earlier this week.The surging value of Thrive’s funds underscores how the concentration strategy is playing out during the explosive growth of artificial intelligence technology and the companies that surround it. What is your take on Kushner’s bet on AI ?
