Bob Iger is returning to Thrive Capital as an advisor, only one month after stepping down as CEO of Disney, a task he held for practically twenty years.
Iger beforehand served a two-month stint as a enterprise associate on the agency in late 2022, however left when the Disney board requested him to retake the helm of the media conglomerate, following his preliminary departure from the corporate in 2020.
“Bob leads with boldness and conviction as a result of he is aware of what he’s constructing and why. He’s rejoining Thrive at a time when that type of management issues most,” Thrive’s founder Josh Kushner posted on X.
Iger, who already owns a stake within the agency, will work with Thrive’s funding employees and portfolio founders, the Wall Avenue Journal reported. Nonetheless, his advisory function will possible not require a full-time dedication.
Thrive manages over $50 billion in property, in accordance with PitchBook. In February, the agency introduced that it raised $10 billion in capital commitments for its tenth fund, the most important within the agency’s 17-year historical past. Thrive holds important stakes in OpenAI, Stripe, and SpaceX. The agency additionally amassed a 7% possession stake in Cursor, whose potential sale to SpaceX may very well be value about $4.2 billion, Bloomberg reported.
