Investor letter: Thrive's 2022 early-stage $516M fund that invested in OpenAI and SpaceX was worth $3.7B+ as of the end of June, net of fees and other charges (Natasha Mascarenhas/Bloomberg)

Thrive Capital's 2022 early-stage venture capital fund, which initially raised $516 million, has seen substantial growth. As of the end of June, this fund, known for its early investments in companies like OpenAI and SpaceX, was valued at over $3.7 billion, after accounting for all fees and other charges. This impressive valuation highlights the success of its strategic early-stage bets.