A New $150M Fund Underscores The Bigger Ambitions of Kushner?s Thrive Capital

Joshua Kushner's Thrive Capital just became yet another of several upstart venture firms that have been able to raise progressively larger funds this year. The New York-based fund just quickly closed an oversubscribed $150 million fund in ten weeks, on the back of a $40 million raise last fall. The normally media-shy Kushner is coy about strategy specifics except to say that Thrive is geography and stage-agnostic (meaning they'll do anything from a seed round to a much later-stage deal, like when they went in on Instagram at a $500 million valuation days before the Facebook acquisition was announced).

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