Just a month after stepping down as Disney CEO, Bob Iger is returning to Thrive Capital as an advisor, a role he held for nearly two decades.
Iger had previously been given a two-month stint as a venture partner at the firm in late 2022, but following his initial departure from the company in 2020, he left when the Disney board asked him to retake the helm of the media group.
Josh Kushner, founder of Thrive, said, “Bob leads with courage and conviction because he knows what he’s building and why. He’s joining Thrive at a time when that kind of leadership matters most.” Posted on x.
Iger, who already has a stake in the firm, will work with Thrive’s investment staff and portfolio founders, according to the Wall Street Journal. informed. However, their advisory role will likely not require a full-time commitment.
According to PitchBook, Thrive manages more than $50 billion in assets. In February, the company announced that it had raised $10 billion in capital commitments for its 10th fund, the largest in the company’s 17-year history. Thrive has significant stakes in OpenAI, Stripe and SpaceX. The firm has also acquired a 7% ownership stake in Cursor, the potential sale of which to SpaceX could be worth about $4.2 billion. Bloomberg reported.
