Silver Screen and Roll
Silver Screen and Roll • • sports
Key Points:
- Josh Kushner, co-founder of Thrive Capital, recently partnered with Bob Iger to purchase the Los Angeles Lakers, marking his emergence into the public sports ownership arena.
- Thrive Capital, founded in 2010, has grown into a $5 billion firm managing $25 billion in assets with notable investments in companies like Instagram, Spotify, Stripe, SpaceX, and significant stakes in AI ventures including OpenAI.
- Despite promoting the preservation of cultural institutions against AI disruption through Thrive Eternal, Kushner's firm has heavily invested in AI technologies, highlighting a complex stance on the impact of AI.
- Politically, Josh Kushner identifies as a Democrat and has supported progressive causes, distancing himself from his brother Jared's conservative affiliations, though they remain close personally and in business.
- Thrive Capital's involvement in funding Anduril Industries, a defense tech company supplying AI-powered drones to Ukraine and recently awarded a $20 billion government contract under controversial circumstances, raises ethical questions about Kushner's business interests amid his public image.
