Expanding the Thrive network for founders
Since its inception, Thrive has had an opportunistic mandate: to co-found companies with exceptional entrepreneurs, invest in early-stage companies with a strong product focus, and invest in category-defining companies at the late stages.
From day one we’ve invested in companies and co-founded them at the same time. Our dual role of builder and investor gives us a current, at times visceral appreciation for the challenges that our founders experience.
Our product-first orientation has shaped our investment strategy and how we structure ourselves too. We invest as one team across industries, stages, and geographies. It also helps us cross-pollinate ideas and identify tailwinds across software, AI, commerce, consumer, financial services, healthcare, entertainment, sports, real estate, and more. Our long-term orientation enables us to develop deeply meaningful relationships with founders.
Looking ahead
To be the most valuable partner to our companies over the next few decades, we have to outpace their ambitions, anticipate the challenges they may face over the horizon, and deploy Thrive’s resources and unique network to help bend their trajectories over the long term.
Today we are delighted to welcome a new set of minority investors to Thrive: Bob Iger, Henry Kravis, Jorge Paulo Lemann, Mukesh Ambani, and Xavier Niel.
These extraordinary operators have built storied institutions, achieved geographic preeminence, ushered beloved brands to even greater heights, and pioneered entirely new industries.
As our companies move into new regions and industries, maturing into the generational businesses we believe them to be, this group will serve as a powerful extension of the Thrive network.
We are grateful to have them in our corner.
— Thrive
*[footnotes] Thrive recently repurchased all of a previously reported stake held by Goldman Sachs, as many of the mutual goals identified at the outset of the relationship were exceeded. The stake held by this new syndicate of investors is the same, and no incremental stake was sold.
Members of the syndicate are passive investors in Thrive, and will not have day-to-day roles, or authority over operations or investment decisions at the firm.
