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Former Disney chief Iger to join VC firm Thrive Capital (Sept. 13)

Published 09/14/2022, 03:14 PM
Updated 09/14/2022, 03:16 PM
© Reuters. FILE PHOTO: Executive Chairman of the Walt Disney Company, Bob Iger arrives at the world premiere for the film 'The King's Man' at Leicester Square in London, Britain December 6, 2021. REUTERS/Hannah McKay

(Corrects assets under management to $15 billion from $9 billion in second-last paragraph)

(Reuters) -Thrive Capital said on Tuesday that Walt Disney (NYSE:DIS) Co's former top boss, Robert Iger, will join the investment firm as a venture partner.

Iger will advise on day-to-day initiatives including mentoring startup founders and identifying new investment opportunities, the Wall Street Journal reported earlier in the day. (https://on.wsj.com/3DivHPt)

New York-based Thrive Capital, which builds and invests in internet, software and technology-enabled companies, raised $3 billion in February and has backed firms including Spotify Technology SA (NYSE:SPOT), Robinhood Markets Inc (NASDAQ:HOOD) and Stripe Inc, according to WSJ.

Thrive, which managed about $15 billion in assets last year, was founded in 2009 by Joshua Kushner, the brother of former U.S. President Donald Trump's son-in-law Jared Kushner.

Iger, who stepped down in February 2020 after about 15 years at Disney, has since invested in delivery startup Gopuff and metaverse startup Genies.

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