:briefcase:Bob Iger Returns as Advisor to Thrive Capital With $50B Assets
Your VC firm's portfolio just got a lot more interesting
TL;DR
Bob Iger is returning as an advisor to Thrive Capital, the venture firm behind OpenAI and Stripe. His role will likely not require a full-time commitment, but his involvement could impact portfolio companies like Cursor.
In a surprise move, Bob Iger is rejoining Thrive Capital as an advisor. The former Disney CEO previously served as a venture partner at Thrive in late 2022 and has been asked to retake the helm by the firm's board. Iger will work with Thrive's investment staff and portfolio founders, but his advisory role won't require a full-time commitment. This development is significant for Thrive's $50 billion assets under management, which include stakes in OpenAI, Stripe, and SpaceX. The firm raised $10 billion in capital commitments for its 10th fund in February, the largest in its 17-year history.
Key Points
Thrive manages over $50 billion in assets, according to PitchBook.
The firm raised $10 billion in capital commitments for its 10th fund in February, the largest in its 17-year history.
Iger will work with Thrive's investment staff and portfolio founders, but his advisory role won't require a full-time commitment.
Thrive holds significant stakes in OpenAI, Stripe, and SpaceX, which could be impacted by Iger's return.
The potential sale of Cursor to SpaceX could be worth about $4.2 billion, according to Bloomberg.
Why It Matters
If you're a founder or investor with ties to Thrive Capital's portfolio companies like OpenAI and Stripe, Bob Iger's return as advisor is a big deal. His involvement will likely impact the firm's investment decisions and could lead to changes in its portfolio. This is especially true for companies like Cursor, which could be worth $4.2 billion if sold to SpaceX.
Frequently Asked Questions
Why does this matter?
If you're a founder or investor with ties to Thrive Capital's portfolio companies like OpenAI and Stripe, Bob Iger's return as advisor is a big deal. His involvement will likely impact the firm's investment decisions and could lead to changes in its portfolio. This is especially true for companies like Cursor, which could be worth $4.2 billion if sold to SpaceX.
What happened?
Bob Iger is returning as an advisor to Thrive Capital, the venture firm behind OpenAI and Stripe. His role will likely not require a full-time commitment, but his involvement could impact portfolio companies like Cursor.
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