Bob Iger taking up advisory position at VC firm Thrive after leaving Disney

Bob Iger is set to take up an advisory role at venture capital outfit Thrive Capital, just over a month after his tenure as Disney CEO ended.

Bob Iger

The Wall Street Journal, which was the first to report the news, said Iger would work with the New York-based company on their investments, as well as with the founders of companies in which Thrive invests.

This marks the second time Iger has worked with Thrive. In September 2022, he joined the company as a venture partner, after his initial stint with Disney ended in 2021.

However, in November 2022, Disney brought him back into the fold after Bob Chapek, Iger’s hand-picked successor, was ousted.

Thrive Capital is led by Josh Kushner, the younger brother of US president Donald Trump’s son-in-law Jared. It has previously made investments in US studio A24, as well as OpenAI, Spotify and Instagram.

In February this year, it raised around US$10bn for its latest fund, with US$1bn earmarked for early-stage investments and the other US$9bn designated for growth-stage investments, it said at the time.

While Iger’s CEO tenure at Disney has concluded, he will remain on the board until the end of 2026, as well as serving as a senior advisor to Disney’s new CEO, Josh D’Amaro.