Bob Iger rejoins Thrive Capital as an advisor following Disney’s exit

Bob Iger returns to Thrive Capital as an advisor, just one month after stepping down as CEO of Disney, a role he held for nearly two decades.

Iger previously served a two-month stint as a venture partner at the company in late 2022, but left when Disney’s board asked him to reclaim leadership of the media group, after first leaving the company in 2020.

“Bob leads boldly and convincingly because he knows what he’s building and why. He rejoins Thrive at a time when this kind of leadership is most important,” Thrive founder Josh Kushner posted on X.

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 consulting role will likely not require a full-time commitment.

Thrive manages more than $50 billion in assets, according to PitchBook. In February, the firm announced it had raised $10 billion in capital commitments for its tenth fund, the largest in the firm’s 17-year history. Thrive has significant stakes in OpenAI, Stripe, and SpaceX. The company has also amassed a 7% ownership stake in Cursor, which a potential sale to SpaceX could be worth about $4.2 billion, Bloomberg reported.