Thrive Capital Invests in San Francisco Giants

Thrive Capital, led by Joshua Kushner, has launched Thrive Eternal to invest in timeless assets, starting with a potential deal to back the San Francisco Giants baseball team. This move aligns with their strategy to diversify into non-tech sectors, with the deal pending Major League Baseball approval. Thrive Capital manages over fifty billion dollars and recently raised ten billion for its largest fund, backing successful ventures like OpenAI. Thrive Eternal aims to use funds for the Giants stadium and surrounding properties, potentially buying out current owners, marking a shift from typical quick exits to permanent holdings. Bob Iger, former Disney CEO, is reportedly advising Thrive and Thrive Eternal, adding intrigue to this ventures blend of venture capital and sports legacies. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/4d0c321737c2a08f