Bob Iger is returning to Thrive Capital as an advisor, one month after stepping down as Disney CEO, a position he held for nearly 20 years. Iger had a brief stint as a venture partner at Thrive in late 2022, but left when Disney’s board asked him to return as CEO after initially leaving 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,” Thrive’s founder Josh Kushner posted on X.
Iger, who already holds a stake in Thrive, will collaborate with the investment team and portfolio founders, as reported by the Wall Street Journal. His advisory role is not expected to require a full-time commitment.
Thrive Capital manages over $50 billion in assets. In February, the firm announced raising $10 billion for its 10th fund, marking the largest in its 17-year history. Thrive holds significant stakes in OpenAI, Stripe, and SpaceX, and has a 7% stake in Cursor, potentially valued at $4.2 billion in a sale to SpaceX, reported Bloomberg.