Bob Iger is set to return to Thrive Capital in an advisory capacity, just a month after he stepped down from his nearly 20-year tenure as CEO of Disney.
In late 2022, Iger was briefly a venture partner at Thrive for two months. However, he left this position to once again lead Disney at the request of its board, after initially leaving the company in 2020.
“Bob leads with boldness and conviction because he knows what he is building and why. He is rejoining Thrive at a time when that kind of leadership matters most,” stated Thrive’s founder Josh Kushner on X.
Iger, who already has a stake in Thrive, will collaborate with the firm’s investment team and portfolio company founders, as reported by the Wall Street Journal. His advisory role is expected to be part-time.
Thrive oversees assets exceeding $50 billion, according to PitchBook. In February, the firm revealed it had secured $10 billion in capital commitments for its 10th fund, marking the largest in its 17-year history. Thrive holds notable stakes in companies such as OpenAI, Stripe, and SpaceX. Additionally, the firm has a 7% ownership in Cursor, a company potentially being sold to SpaceX for approximately $4.2 billion, as reported by Bloomberg.
