Bob Iger is returning to Thrive Capital as an advisor, just one month after stepping down as CEO of Disney, a position he held for nearly 20 years.
Iger previously served as a venture partner at the company for two months in late 2022, but after initially leaving the company in 2020, he left after Disney’s board asked him to take back control of the media conglomerate.
Josh Kushner, founder of Thrive, posted to
Iger, who already owns a stake in the company, will work with Thrive’s investment staff and portfolio founders, the Wall Street Journal reported. However, his advisory role is unlikely to require a full-time commitment.
Thrive has more than $50 billion in assets under management, according to PitchBook. In February, the company announced it had raised $10 billion in capital commitments for its 10th fund, the largest in the company’s 17-year history. Thrive holds significant stakes in OpenAI, Stripe, and SpaceX. The company also took a 7% stake in Cursor, which could value a potential sale to SpaceX at around $4.2 billion, Bloomberg reported.
