Bob Iger Returns to Thrive Capital as Advisor Following Disney Departure
Bob Iger, the esteemed former CEO of The Walt Disney Company, has rejoined Thrive Capital as an advisor, marking a significant move in his illustrious career. This decision comes just a month after he stepped down from his nearly two-decade tenure at Disney’s helm.
Iger’s association with Thrive Capital isn’t new. In late 2022, he served a brief two-month stint as a venture partner at the firm. However, his tenure was cut short when Disney’s board requested his return to lead the media conglomerate, following his initial departure in 2020.
Thrive Capital’s founder, Josh Kushner, expressed his enthusiasm about Iger’s return, stating, 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.
In his advisory role, Iger will collaborate with Thrive’s investment team and portfolio founders. While the position is influential, it is not expected to demand a full-time commitment. Notably, Iger already holds a stake in the firm, underscoring his vested interest in its success.
Thrive Capital, a prominent venture capital firm, manages assets exceeding $50 billion. In February, the firm announced a monumental achievement: raising $10 billion in capital commitments for its 10th fund, the largest in its 17-year history. Thrive’s investment portfolio boasts significant stakes in industry giants such as OpenAI, Stripe, and SpaceX. Additionally, the firm holds a 7% ownership stake in Cursor, a company reportedly in discussions for a potential sale to SpaceX valued at approximately $4.2 billion.
