Source: CNBC
Summary
Thrive Capital has raised $10 billion for its new fund, nearly doubling the size of its previous fund. The new fund will focus on investing in growth-stage companies in the technology and software sectors. The firm’s previous fund, which was raised in 2020, was $5.3 billion. Thrive Capital was founded in 2009 and has invested in companies such as Instagram, Slack, and Robinhood. The firm’s founder, Josh Kushner, said the new fund will allow Thrive to continue supporting entrepreneurs and companies in the technology industry.
Our Reading
The launch follows a familiar script.
Thrive Capital raises a massive new fund, because that’s what venture capital firms do. The $10 billion fund is nearly double the size of its last one, because growth is all that matters. The firm will invest in growth-stage companies, because that’s where the money is. Thrive Capital has invested in big names like Instagram and Slack, because who hasn’t? The new fund will allow Thrive to continue supporting entrepreneurs, because that sounds good. Thrive Capital’s new fund is just another example of a venture capital firm throwing more money at the same old ideas.
Author: Evan Null
The Never-Ending Cycle of Venture Capital
Thrive Capital’s new $10 billion fund is just another example of the never-ending cycle of venture capital. Firms raise massive funds, invest in growth-stage companies, and then raise even more money to do it all again. It’s a cycle that’s been repeating itself for years, with no end in sight.
The Bigger, the Better
The size of Thrive Capital’s new fund is impressive, but it’s not surprising. Venture capital firms are always looking to raise more money to invest in the next big thing. And with the rise of growth-stage companies, firms like Thrive Capital are eager to get in on the action.
The Usual Suspects
Thrive Capital’s investment portfolio reads like a who’s who of tech giants. Instagram, Slack, and Robinhood are just a few of the big names that have received funding from the firm. It’s not surprising, given the firm’s focus on growth-stage companies in the technology and software sectors.
The More Things Change…
Despite the hype surrounding Thrive Capital’s new fund, it’s hard not to feel like we’ve seen it all before. Another venture capital firm raises a massive fund, invests in the same old companies, and promises to support entrepreneurs. It’s a familiar script, and one that’s unlikely to change anytime soon.
The Money Keeps Flowing
Thrive Capital’s new fund is just the latest example of the vast amounts of money flowing into the venture capital space. With more and more firms raising massive funds, it’s clear that the industry is showing no signs of slowing down. Whether that’s a good thing or not remains to be seen.
