Josh Kushner - Concentration and Conviction - [Invest Like the Best, EP.459]

Josh Kushner, founder of Thrive Capital, discusses the firm's concentrated investment strategy and entrepreneurial culture. He emphasizes the importance of independent thinking, humility, and a focus on serving founders, rather than fixating on asset size. Josh shares stories behind Thrive's iconic investments like GitHub, Stripe, and OpenAI, highlighting the firm's willingness to make large, conviction-based bets. He also reflects on lessons learned from mentors like Stan Druckenmiller and the influence of figures like Johnny Ive. Josh describes Thrive's focus on AI-native businesses, infrastructure, and transforming existing companies through applied AI, emphasizing a shift towards disruption from the inside out. The conversation explores Thrive's approach to competition, loyalty, and the importance of trust, drawing inspiration from art, personal experiences, and his grandmother's survival of the Holocaust.