"Today we announce Thrive Eternal, a permanent capital holding company that will be concentrated in a small number of assets that we can own and steward over many decades. Across Thrive Capital and Thrive Holdings, we are building and investing through a moment of exponential change."
"These are assets with qualities that cannot be replicated by technology. Iconic franchises and cultural institutions rooted in tradition, identity, and shared experience will matter even more in a world shaped by abundant intelligence."
Joshua Kushner's firm Thrive Eternal is set to purchase a minority, non-controlling stake in the San Francisco Giants. This investment represents Thrive Eternal's inaugural venture into sports, contrasting with Kushner's other firms that focus on technology. The deal is pending league approval and was inspired by the desire to invest in cultural institutions. Kushner emphasizes the importance of iconic franchises, stating they possess qualities that technology cannot replicate and will become increasingly significant in a rapidly evolving world.
Read at sfist.com
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