Bob Iger, Former Disney CEO, is joining a startup company run by Jared Kushner's brother

More On: Bob Iger

Bob Iger, who used to be CEO of Disney, will join a venture capital firm run by Jared Kushner's brother. He will give advice on the company's possible investments and help startup founders.

Josh Kushner, who used to work as a banker for Goldman Sachs, started Thrive Capital in 2009. The New York-based company has given money to a number of well-known startups, such as Instagram, Spotify Technology, Robinhood Markets, and Stripe, a company that helps people make payments.

Kushner told The Wall Street Journal that Iger will not join the company full-time, but he will be involved in "everything" the company does.

The Journal said that in February, Kushner, whose brother is former President Donald Trump's son-in-law and was a key advisor in his administration, raised $3 billion, the most money it has ever raised.

Iger left his positions as CEO and chairman of Disney at the end of last year and in 2020, respectively. Since then, he has been an active investor in new businesses. He has bought shares in Funko, a toy company, GoPuff, a delivery service, and Genies, a company that makes avatars for the metaverse.

Bob Iger at Sun Valley, Idaho — Since leaving Disney, Iger has invested in startups and is currently writing another book.

The Hollywood Reporter says that Iger is also writing a new book about leadership to follow up on his 2019 memoir.

Since leaving Disney, the longtime CEO has started criticizing his replacement, Bob Chapek, and giving media predictions.

Iger spoke out against Florida's "Don't Say Gay" law, while Chapek changed his mind earlier this year about how he felt about it. There were also reports that the longtime CEO regretted handing over power to Chapek after a series of mistakes. Critics told The Post that they wanted Iger to come back.

More recently, the executive made headlines last week at a tech conference in Los Angeles when he said that Disney was close to buying Twitter in 2016. Iger said he shut down the platform because it was full of "hate speech" and bots. This is similar to what Tesla CEO Elon Musk said when he tried to back out of a $44 billion deal to buy the social media site.

He also said bad things about the streaming market, saying that big companies like Netflix, Disney, Apple, and Amazon have a strong foothold, but smaller companies won't have the same luck.

Iger made a more dire prediction without naming competitors like HBO Max, Discovery+, Peacock, and Paramount+ from NBCUniversal and Paramount.

He said, "They're in a tough spot, and it takes a lot of money to be in that business." "I don't think all of them will make it.

===========