July 2025

vc

Heads Down, $500M Later

This past week, we at Drive returned $500 million to our LPs in a single week, through exits including Thoughtful AI, a distribution of Root Insurance shares, and one other. We’ve been heads down, executing, and trusting the process. We rarely get to share what we’re working on behind the scenes.

One thing worth noting about the Drive approach: “Drive had never traded those shares until Wednesday.”

Venture takes 10 to 15 years before you know if you’re any good at it. I’m two years in, writing checks, backing founders, and fighting for companies in partnership meetings. It’s great to see what this looks like when it works.