Thrive IX

We are humbled to announce the close of Thrive IX. Exceeding $5 billion, Thrive IX comprises $1 billion designated for early-stage investments and $4 billion designated for growth-stage investments.

At Thrive we aim to be concentrated in both people and ideas. The ways in which we approach our work are inspired by how our founders approach theirs. We make few investments per year, but our intensity and drive to show up for founders forges a bond that transcends good times and bad.

We take a longer view than many — based on a belief that category-defining companies tend to create structural compounding advantages over long arcs. This long-term orientation is crucial to our strategy, as we aim to invest in and support companies that have the potential for sustained growth and transformation over many decades.

These are hard times for conventional wisdom, but this favors us.

The technological breakthroughs that will occur over the next years will be unlike anything we have ever experienced before; And we view Thrive as an enabling technology for the future that we want to see. Business is an expression of the people running it. As we look to Thrive IX, I am filled with optimism, excitement, and purpose.

I am deeply appreciative for the founders we are fortunate enough to work with, and our limited partners for walking this path with us. Their unwavering support and belief in Thrive underlies everything we achieve together.

Josh