Thrive Capital is shifting its strategy towards long-term investments in companies that can leverage artificial intelligence across various sectors, including traditional industries like accounting. The firm is raising funds for Thrive Holdings, a new entity designed to acquire and develop start-ups, allowing for sustainable growth and continuous investment through generated cash flow. Currently in discussions to secure around $1 billion for its initial funding round, Thrive is looking to maintain flexibility in fundraising over time, marking a distinctive shift from its previously rapid-growth investment strategy.
Thrive Capital is forging a new path in venture capital by focusing on the long-term development of companies that harness AI, even in traditional sectors.
With Thrive Holdings, the firm aims to create a portfolio of start-ups benefiting from AI, diversifying their investments beyond the norm.
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