By Saleah Blancaflor
Publication Date: 2026-09-30 11:30:00
In the summer of 2024, Josh Kushner put his money behind a movie studio. Thrive Capital, the New York firm he founded, led a funding round that valued A24 at about $3.5 billion, 40 percent more than its valuation two years earlier, and Kushner joined the studio’s board. At the time, Thrive said it saw in A24 a company that combined extraordinary talent and creativity with innovation in its business model and technology.
It was an unusual bet for Kushner. Thrive made its name backing internet and software companies like Instagram, Spotify and Stripe, and has been an OpenAI investor since 2022, investing more than $1 billion. Like A24’s founders, Kushner has long kept a low profile and let his portfolio do the talking.
Two years later, all three pieces of Kushner’s thesis have shown up at once. The…
