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

Thursday, September 15, 2022
Former Disney chief Iger to join VC firm Thrive Capital (Sept. 13) © 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
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(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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25-09-2022 23:52:15 (UTC+7)

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    EUR/USD 0.9690 ↑ Buy  
    GBP/USD 1.0858 Neutral  
    USD/JPY 143.34 Buy  
    AUD/USD 0.6526 ↑ Sell  
    USD/CAD 1.3591 Neutral  
    EUR/JPY 138.90 ↑ Buy  
    EUR/CHF 0.9513 ↑ Buy  
    Gold 1,651.70 ↑ Sell  
    Silver 18.835 ↑ Sell  
    Copper 3.3485 ↑ Sell  
    Crude Oil WTI 79.43 Sell  
    Brent Oil 85.03 Sell  
    Natural Gas 6.992 ↑ Buy  
    US Coffee C 220.15 ↑ Sell  
    Euro Stoxx 50 3,348.60 ↑ Sell  
    S&P 500 3,693.23 ↑ Buy  
    DAX 12,284.19 ↑ Sell  
    FTSE 100 7,018.60 Neutral  
    Hang Seng 17,933.27 ↑ Sell  
    Small Cap 2000 1,676.17 Neutral  
    IBEX 35 7,583.50 ↑ Sell  
    BASF 39.790 Neutral  
    Bayer 49.58 ↑ Sell  
    Allianz 168.74 ↑ Sell  
    Adidas 130.96 ↑ Sell  
    Lufthansa 5.674 ↑ Buy  
    Siemens AG 98.63 ↑ Sell  
    Deutsche Bank AG 8.632 ↑ Sell  
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