Bob Iger Returns to Thrive Capital as Advisor Former Disney CEO Bob Iger is making a comeback at Thrive Capital, where he will serve as an advisor. Iger's return comes just a month after stepping down from his role at Disney, a position he held for almost twenty years. This isn't Iger's first time at Thrive Capital. He previously worked as a venture partner at the firm for two months in late 2022. However, he left when the Disney board asked him to come back and lead the media giant once again, after his initial departure in 2020. Thrive's founder, Josh Kushner, expressed his excitement 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." According to the Wall Street Journal, Iger, who already has a stake in the firm, will be working closely with Thrive's investment team and portfolio founders. While his advisory role will not require a full-time commitment, Iger's expertise and guidance are expected to be invaluable. Thrive Capital manages a portfolio of over $50 billion in assets and recently raised $10 billion for its 10th fund, marking its largest fund to date. The firm holds significant investments in companies like OpenAI, Stripe, and SpaceX. Additionally, Thrive has a 7% ownership stake in Cursor, which could potentially be acquired by SpaceX for around $4.2 billion, as reported by Bloomberg.
