In Brief

Bob Iger is returning 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 firm in late 2022, but left when the Disney board asked him to retake the helm of the media conglomerate, following his initial departure from the company 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,” Thrive’s founder Josh Kushner posted on X.

Iger, who already owns a stake in the firm, will work with Thrive’s investment staff and portfolio founders, the Wall Street Journal reported. However, his advisory role will likely not require a full-time commitment.

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

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