Thrive Capital

Thrive Capital

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Headquarters Location

United States, New York

About

Thrive Capital was established in 2009, and is a well known VC. The main office of this VC is situated in New York. The fund is located in United States, North America.

The fund generally invests in 13-24 deals every year. This fund was the most active in 2019. In addition, the fund was active in 2019. The fund performance shows that this VC achieves 11 percentage points more exits in comparison to other VCs. The most exits for the fund occurred in 2018. The average start-up valuation at the time of investment from Thrive Capital is more than 1 billion dollars. Typical investments for this fund are deals in the range of 10 - 50 millions dollars. Thrive Capital participates, on average, in 11 percentage points less than the average amount of lead investments in other funds.

The fund has no specific requirements for the number of founders in a start-up. When a start-up has 5+ founders, the probability of closing the deal is low. Slack Technologies, Stripe, Instacart are amongst the various portfolio companies of this fund. Among the most popular investment industries for the fund are Mobile, Internet. However, the fund’s focus is not limited to this, since there are 78 more areas of investment. The country of its foundation and the country of its most frequent investments coincides - United States. Besides this, the fund also invested in 5 other countries. Moreover, a start-up needs to be 2-3 years old to get investment from this fund.

The fund was created by Joshua Kushner. Besides the listed founders, we have found 5 key employees of this fund in our database.

The usual method for the fund is to invest in rounds with 7-8 other investors. Aside from Thrive Capital, start-ups are often funded by Founder Collective, Social Capital, Lee Linden and 213 other funds. Other VCs who often invest in the same rounds are Tiger Global Management, Forerunner Ventures, Betaworks, the total number of co-investors is 218. In subsequent rounds, the fund is usually supported by Y Combinator, GV, IVP (Institutional Venture Partners), out of 165 investors from our database.

Year Founded

2009

Fund Activity

Operative

Mail Rule [rules by which you can get an email of an interesting for you fund employee, knowing only the name and surname of this employee]

Domain name: thrivecap.com; User name format in descending order of probability: first, first '.' last

Group Appearance [how often fund is operating separately from groups with shared interest]

99.0% of cases

Investments per Year [average amount of rounds in which fund participates each year]

13-24

Follow-on Index [how often fund is ready to support its portfolio startup at next rounds]

31.1% of cases

Average Multiplicator [the average ratio of the last valuation of portfolio startups to their total amount of financing raised]

x4.8

Average Portfolio Company
Exit Age [the average age of portfolio startups at which they go public or become acquired]

5.7 years

Success / Strategy Similarity
Index [the matching between fund's investment strategy and its proved successes in the form of portfolio startups high valuations]

0.63 out of 1

Number of Unicorns [amount of portfolio companies, which were valuated at more then $1B]

22

Number of Decacorns [amount of portfolio companies, which were valuated at more then $10B]

2

Number of Minotaurs [amount of portfolio companies, which raised more then $1B in total]

5

Funds Investing in Previous
Rounds

Founder Collective, Social Capital

Funds Investing in Following
Rounds

Y Combinator, GV, IVP (Institutional Venture Partners)

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