The former CEO of Walt Disney Co. Bob Iger goes into venture capital.
Iger joined Thrive Capital as a venture partner. The position is not a full-time job for Iger, who will advise the company on potential investments and serve as a mentor to CEOs of companies in which Thrive invests.
Wall Street Journal First informed contract.
Iger stepped down as Disney CEO in 2020 and became chairman late last year. He has since been active in the investment space, acquiring stakes in pop culture toy brand Funko, express delivery service GoPuff and avatar company Metaverse Genies.
He is also working on a new book on leadership, a follow-up to his 2019 memoir.
Speaking at the Code conference last week, Iger said companies interested in having him on the board approached him almost nonstop. However, he said it was the startups that interested him the most. A position at Thrive Capital can help sustain that interest.
Thrive Capital was founded by Joshua Kushner in 2009. Kushner is the son of real estate developer Charles Kushner and the younger brother of former Trump White House aide Jared Kushner. He is also married to model Karlie Kloss. Earlier this year, the company raised $3 billion for two new funds.
Source: Hollywood Reporter
Camila Luna is a writer at Gossipify, where she covers the latest movies and television series. With a passion for all things entertainment, Camila brings her unique perspective to her writing and offers readers an inside look at the industry. Camila is a graduate from the University of California, Los Angeles (UCLA) with a degree in English and is also a avid movie watcher.
