Bob Iger rejoins Thrive Capital as advisor after Disney exit

In a significant move, Bob Iger is stepping back into an advisory position at Thrive Capital, just a month after his departure as CEO of Disney, a position he held for nearly 20 years. Iger had briefly worked as a venture partner at Thrive in late 2022, but he left that role to return to Disney when the board called upon him to lead the company again following his exit in 2020. Josh Kushner, the founder of Thrive, expressed 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." Iger, who holds an ownership stake in Thrive, will collaborate with the firm's investment team and portfolio founders, although it is expected that his advisory duties will not demand a full-time commitment. Thrive Capital manages assets exceeding $50 billion, as reported by PitchBook. Earlier this year, the firm announced the successful raising of $10 billion in capital commitments for its 10th fund, marking the largest fundraising effort in its 17-year history. Thrive has made significant investments in various tech giants, including OpenAI, Stripe, and SpaceX, and it also holds a 7% stake in Cursor, which could be sold to SpaceX for approximately $4.2 billion, according to Bloomberg.