Bob Iger is returning to Thrive Capital as an advisor just a month after stepping down as CEO of Disney, a position he held for nearly two decades.
Iger previously worked at the firm as a venture partner for two months in late 2022, but left in 2020 when the Disney board asked him to take the helm of the media conglomerate after his initial departure from the company.
“Bob leads with courage and conviction because he knows what he’s building and why. He rejoins Thrive at a time when that kind of leadership is most important,” Josh Kushner, Thrive Founder Posted in X.
Iger, who already owns a stake in the firm, will work with Thrive’s investment team and portfolio builders, the Wall Street Journal. informed. However, his advisory role will likely not require a full-time commitment.
According to PitchBook, Thrive manages more than $50 billion in assets. In February, the firm announced that it had raised $10 billion in capital commitments for its 10th fund, the largest amount in the firm’s 17-year history. Thrive has significant stakes in OpenAI, Stripe and SpaceX. The firm also picked up a 7% ownership stake in Cursor, a potential sale to SpaceX that could be worth about $4.2 billion. Bloomberg reported on this.
