Josh Kushner's investing playbook for $12.5 billion LA Lakers deal

Kushner has built one of the most consequential venture firms in tech, with early stakes in Instagram, Spotify, Stripe, and OpenAI. Earlier this year he launched a second vehicle, Thrive Eternal, structured as permanent capital meant to buy and hold minority stakes in sports teams and what the firm calls “other iconic brands.” Fortune's Cat Gioino joins Ellie Austin on Fortune Daily to break down Kushner’s latest acquisitions and the strategic vision behind Thrive Capital.