Bob Iger joins Thrive Capital as advisor following Disney departure

Bob Iger is returning to Thrive Capital as an advisor, coming just one month after he stepped down as CEO of The Walt Disney Company, a position he held for nearly twenty years.

Iger had spent a brief period at Thrive as a venture partner in late 2022. He left that role after Disney’s board requested that he return to lead the company again, following his earlier departure from the media giant 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,” said Josh Kushner, the firm’s founder, in a post shared on X.

Iger, who already holds an ownership stake in Thrive Capital, is expected to collaborate closely with the firm’s investment professionals and founders across its portfolio, according to a report by The Wall Street Journal. His responsibilities in this advisory position are not expected to be full-time.

Thrive Capital currently oversees more than $50 billion in assets, according to PitchBook data. Earlier in February, the firm revealed it had secured $10 billion in capital commitments for its tenth fund, marking the largest fundraise in its 17-year history.

The firm maintains notable investments in companies such as OpenAI, Stripe, and SpaceX. Thrive has also built a 7% ownership position in Cursor, which, according to Bloomberg, could be part of a potential transaction involving SpaceX valued at around $4.2 billion.