Joshua Kushner's venture capital firm, Thrive Capital (operating through an entity called Thrive Eternal), has purchased a stake in the Giants, making the franchise Thrive Eternal's first sports investment partner. This comes on the heels of Sixth Street and Arctos Sports Partners also buying into the team in 2025. If you're keeping score at home, that's a whole lot of finance bros crowding into the owner's box.

Now, let's address the elephant in the luxury suite: yes, Joshua Kushner is Jared Kushner's brother. And yes, that's going to generate headlines in a city where the Kushner surname lands somewhere between "awkward Thanksgiving guest" and "actual supervillain" on the local popularity index. But Joshua Kushner has largely carved out his own lane — he's the guy behind Oscar Health and has a portfolio of tech investments that would make any Sand Hill Road partner nod approvingly. He and his wife, supermodel Karlie Kloss, aren't exactly fixtures at MAGA rallies.

Still, the bigger story here isn't the family tree — it's the trend. Professional sports franchises are increasingly being sliced up and sold to institutional investors and VC firms like shares of a startup. The Giants aren't unique in this; it's happening across every major league. But it does raise a fair question: when your baseball team has more financial engineering than a Series C pitch deck, who exactly is the team being run for?

Fans should care less about the Kushner name and more about what this wave of investment capital means for ticket prices, the stadium experience, and whether ownership will actually spend to put a competitive product on the field — or just optimize the balance sheet.

Baseball is a business. It always has been. But San Franciscans deserve owners — however many there now are — who remember it's also a game.