Former Disney CEO Bob Iger has joined Joshua Kushner's Thrive Capital as an advisor, marking his next move after stepping down from the media giant last month. After nearly two decades leading Disney, Iger is returning to venture capital, bringing his extensive industry experience to the firm known for backing major tech and media companies and their founders.

Iger will work with Thrive's investment team and founders in the firm's portfolio. Thrive recently raised $10 billion for new funds, significantly expanding its investment capabilities. The firm has previously backed successful ventures including Instagram, Spotify, A24, and OpenAI, positioning Iger to evaluate high-growth opportunities in these sectors.

The move signals Iger's continued influence in the media and technology landscape despite leaving Disney. His deep industry connections and strategic perspective could prove valuable for Thrive as it identifies emerging market leaders. Iger's advisory role represents a significant coup for the venture firm seeking to leverage his unparalleled experience in navigating complex media and technology ecosystems.