Bob Iger, who stepped down as Disney’s chief executive last month, has taken a role as an adviser to venture-capital firm Thrive Capital.

New York-based Thrive Capital was founded in 2009 by Josh Kushner, the younger brother of Jared Kushner, who is Donald Trump’s son-in-law. Josh Kushner, 40, is a former Goldman Sachs banker and son of real-estate developer Charles Kushner.

Iger is familiar with the firm: In September 2022, he had joined Thrive Capital as a venture partner, after he had previously relinquished the Disney CEO role and his tenure asas executive chairman concluded at the end of 2021.

But in November 2022, the Disney board called Iger back into service to replacehis successor as CEO, Bob Chapek, who was ousted after a series of missteps.

In a post Thursday on X, Josh Kushner wrote: “We are honored to welcome Bob Iger back to Thrive. Bob leads with boldness and conviction because he knows what he is building and why. He is rejoining Thrive at a time when that kind of leadership matters most.”

Kushner continued, “We are living through the most consequential technology shift of our lifetimes, where AI will democratize access to intelligence in the way the internet democratized access to information.

The companies that matter most will not just deploy the most advanced technology.

They will understand what their customers truly want and place human judgment, taste, and craft at the center of what they build. Few people understand this as profoundly as Bob does.

He has spent his career proving the things that feel the most human can also be the most eternal. Just as important, Bob embodies one of the firm’s core values; it is not just the business that we do, but how we do our business that will ultimately define our impact.”

Iger’s appointment at Thrive Capital was first reported by the Wall Street Journal. Under his existing agreement with Disney, Iger will remain employed by the company as a “senior adviser” to the new Disney CEO, Josh D’Amaro, through the end of 2026. He also retains his seat on Disney’s board for his current term.

At Thrive, Iger’s responsibilities will involve collaborating with the firm’s staff on investment strategies and working directly with founders of companies within Thrive Capital’s extensive portfolio.

Thrive Capital recently secured an impressive $10 billion for a new set of funds, and its portfolio boasts investments in high-profile companies such as Instagram, Spotify, Patreon, Robinhood, OpenAI, and indie film studio A24.

In his original statement in September 2022 about joining the VC firm, Iger expressed his anticipation of working with Thrive’s talented team to build and nurture future industry leaders across key sectors.

He articulated his long-held belief that harnessing and advancing technology can transform businesses and improve the world, an endeavor he is excited to pursue with Thrive.

Leading up to the conclusion of his second term as Disney’s CEO, Iger had reportedly indicated a desire to dedicate more time to non-Disney ventures.

These pursuits include Angel City FC, the professional women’s soccer team, in which Iger and his wife, Willow Bay (dean of the USC Annenberg School for Communication and Journalism), acquired a controlling stake two years prior.