Bob Iger Rejoins Thrive Capital As Advisor After Disney Exit

In Brief

Bob Iger is returning to Thrive Capital arsenic an advisor, conscionable 1 period aft stepping down arsenic CEO of Disney, a domiciled he held for astir 2 decades.

Iger antecedently served a two-month stint arsenic a task partner astatine nan patient successful precocious 2022, but near erstwhile nan Disney committee asked him to retake nan helm of nan media conglomerate, pursuing his first departure from nan institution successful 2020.

“Bob leads pinch boldness and condemnation because he knows what he is building and why. He is rejoining Thrive astatine a clip erstwhile that benignant of activity matters most,” Thrive’s laminitis Josh Kushner posted connected X.

Iger, who already owns a liking successful nan firm, will activity pinch Thrive’s finance unit and portfolio founders, nan Wall Street Journal reported. However, his advisory domiciled will apt not require a full-time commitment.

Thrive manages complete $50 cardinal successful assets, according to PitchBook. In February, nan patient announced that it raised $10 cardinal successful superior commitments for its 10th fund, nan largest successful nan firm’s 17-year history. Thrive holds important stakes successful OpenAI, Stripe, and SpaceX. The patient besides amassed a 7% ownership liking successful Cursor, whose imaginable waste to SpaceX could beryllium worthy astir $4.2 billion, Bloomberg reported.

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