Bob Iger rejoins Thrive Capital as advisor after Disney exit

In Brief

Bob Iger is returning to Thrive Capital arsenic an advisor, conscionable 1 period aft stepping down arsenic CEO of Disney, a relation helium held for astir 2 decades.

Iger antecedently served a two-month stint arsenic a task spouse astatine the steadfast successful precocious 2022, but near erstwhile the Disney committee asked him to retake the helm of the media conglomerate, pursuing his archetypal departure from the institution successful 2020.

“Bob leads with boldness and condemnation due to the fact that helium knows what helium is gathering and why. He is rejoining Thrive astatine a clip erstwhile that benignant of enactment matters most,” Thrive’s laminitis Josh Kushner posted connected X.

Iger, who already owns a involvement successful the firm, volition enactment with Thrive’s concern unit and portfolio founders, the Wall Street Journal reported. However, his advisory relation volition apt not necessitate a full-time commitment.

Thrive manages implicit $50 cardinal successful assets, according to PitchBook. In February, the steadfast announced that it raised $10 cardinal successful superior commitments for its 10th fund, the largest successful the firm’s 17-year history. Thrive holds important stakes successful OpenAI, Stripe, and SpaceX. The steadfast besides amassed a 7% ownership involvement successful Cursor, whose imaginable merchantability to SpaceX could beryllium worthy astir $4.2 billion, Bloomberg reported.

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