Kushner warns VCs: AI hype must not erode discipline
In Thrive Capital’s inaugural investor letter, founder Joshua Kushner cautions Silicon Valley VCs that the AI boom shouldn’t cloud disciplined investing. He notes Thrive stakes 90% of capital on its top 15 bets and argues for concentrated, long‑term bets over spray‑and‑pray hype. This challenges the prevailing “outlier” VC model.