Miles Grimshaw Returns to Thrive Capital as General Partner
Unexpectedly, Miles Grimshaw has announced today that he will be returning to Thrive Capital after serving as a general partner at Benchmark for the past few years.
Miles Grimshaw rejoins Thrive Capital at Kushner after leaving Benchmark.
📢 In an unexpected move, Miles Grimshaw has announced his return to Thrive Capital as a general partner after spending the last three years at Benchmark. 🎉
Grimshaw first joined Thrive, the New York-based venture firm founded by Joshua Kushner, in 2013. Now, he’s back in the saddle as a key member of the team. 🕺
According to a post on X, Grimshaw expressed his excitement about rejoining Thrive while also emphasizing his commitment to continue partnering with Benchmark, which has had a longstanding relationship with Thrive. It’s like splitting your time between two awesome parties, and why not? 🥳
Kushner took to X as well to share the news of Grimshaw’s return, highlighting his impressive track record during his previous stint at Thrive. Grimshaw led investments in companies like Airtable, Monzo (which just raised another $430 million today!), Lattice, and Benchling. With his experience and skills, he’s seen as a formidable partner to founders as Thrive embraces the next chapter of its journey in the fast-evolving tech landscape.🚀
ENBLE reached out to both Grimshaw and Thrive for comment, but we’re currently waiting to hear back. Stay tuned for any updates! 📞
What prompted Miles Grimshaw’s return?
When Miles Grimshaw joined Benchmark in December 2020, he became the firm’s fifth general partner. However, he had previously been part of Thrive’s team since 2013, along with four other partners. It seems Grimshaw couldn’t resist the allure of returning to his old stomping ground. It’s like a character leaving a spin-off show to return to the original series—sometimes, you just can’t beat the classics! 📺
Thrive Capital’s Impressive Investments
Thrive Capital has been making waves in the venture capital world with its substantial bets on technology startups. According to a report by the Financial Times in January, the firm was preparing to seek fresh capital of at least $3 billion from investors after its large investments in tech startups in the previous year.
In 2023, Thrive bolstered the likes of payments giant Stripe with a $6.5 billion raise, co-led a $300 million investment into fintech Ramp, and led a $25 million round into fintech Clair. With such impressive investments under its belt, it’s no wonder Thrive is raising capital to keep its winning streak alive. 💰
Thrive Capital’s Growth and Future Plans
In February 2022, Thrive Capital announced the closure of its eighth fund, securing approximately $3 billion in capital commitments. The firm plans to invest $500 million in early-stage startups and has earmarked an additional $2.5 billion for later-stage companies. With this new fund, Thrive is poised to continue its impactful support for startups at various stages of growth. 🌱
Q&A
Q: Are there any specific reasons why Miles Grimshaw decided to return to Thrive Capital?
A: While the exact reasons for Grimshaw’s return haven’t been disclosed, it’s possible that he was drawn back to Thrive’s unique culture and his previous success with the firm. He likely saw exciting opportunities in the firm’s future and wanted to be part of its continued growth and innovation. It’s like going back to your favorite ice cream shop and realizing they’ve introduced even more delicious flavors! 🍦
Q: What impact will Miles Grimshaw’s return have on Thrive Capital?
A: Miles Grimshaw’s return as a general partner brings valuable experience and a proven track record to Thrive Capital. His successful investments in companies like Airtable, Monzo, Lattice, and Benchling demonstrate his ability to identify promising startups and help them thrive. With his return, Thrive Capital is poised to further strengthen its portfolio and support the next generation of innovative companies. It’s like adding an MVP player to an already winning team—watch out for greatness! 🏆
Conclusion
Miles Grimshaw’s decision to return to Thrive Capital marks a significant moment for the firm and the venture capital industry as a whole. With his expertise and track record, Grimshaw is a valuable addition to Thrive’s team and will undoubtedly contribute to the firm’s continued success. Through strategic investments and partnerships, Thrive Capital is well-positioned to shape the future of the tech startup ecosystem. 🌟
Remember to share this article with your fellow tech enthusiasts and startup enthusiasts! Let’s spread the excitement together! 💻📱
References
- General Catalyst Eyes VC Deal in India Push
- Tech Professionals Thrive at Work with Time AI
- Benchmark
- Miles Grimshaw on X
- Joshua Kushner on Twitter
- Monzo Raises $430 Million
- Airtable
- Lattice
- Benchling
- Cybertruck’s First Reported Crash
- Stripe’s Valuation Spikes
- Ramp
- JBL Authentics 300 Review
- Clair
- Qatar Reportedly $100M Fund
