Off the court, he's also known for his investing chops. Theres a possibility that next year might be even better than this year. Iguodala has. "You don't want to be just as a basketball player or a celebrity.". Opinions expressed by Forbes Contributors are their own. Andre Iguodala is an NBA Champion and Finals MVP currently signed with the Golden State Warriors. He also serves as an Investment Advisory Committee for Concrete Rose Capital. Mastry Investor Profile: Portfolio & Exits | PitchBook NBA Players Andre Iguodala, Spencer Dinwiddie, Javale McGee, and Aaron He was also a member of the United States national team at the 2010 FIBA World Championship and 2012 Summer Olympics, winning the gold medal both times. These relationships have been built over time and weve definitely worked at it, especially with the diligence on which companies to invest inI started coming out to the Bay in 2010. FDIC estimates a $13 billion loss to deposit insurance fund from First Republic, JPMorgan Chase will take over First Republic, assume all deposits: FDIC. A few years ago, Andre Iguodala saw a lot of people in the Bay Area wearing Allbirds, . Iguodala said he still believes in Casper, arguing its attempt to capture the broader "sleep economy" can deliver growth for the company. After their IPO shares were trading up 59%, raising its market cap to $2.8 billion. On the basketball court, three-time NBA champion Andre Iguodala is known for his versatility and ability to play multiple positions. Money alone just won't satisfy you, and it won't make you happy. They said they were drawn to the company's charismatic CEO, Tristan Walker, who has served in executive roles at Twitter and Andreeseen Horowitz and considered an advocate for diversifying tech. Zoom, a cloud-based video conferencing and collaboration provider, went public in April at $36 per share. "A lot of them, said, 'Wow, we didn't know what you meant? Andre Iguodala, Kyle Lowry, Spencer Dinwiddie, Andre Drummond, Alex Caruso, Michael Carter-Williams, Josh Hart, Udonis Haslem, JaVale McGee, Khris Middleton, . "That's something we've had a lot of conversations about. He's not the only pro basketball player deep in tech. The stock was trading just above $10 on Friday. Lorsque vous utilisez nos sites et applications, nous utilisons des, authentifier les utilisateurs, appliquer des mesures de scurit, empcher les spams et les abus; et. "I'm just trying to get my colleagues to understand that there is a space for us outside of our normal investing," he said. From steals to deals: The startups behind Andre Iguodala's rise in VC His business interests "weighed heavily in the decision" to return, he tells me. Meet the Team - Signature Realty NJ Iguodala said Datadog has been another successful investment for him, noting the New York-based software company beat analyst expectations in its quarterly results released Thursday. NBA champ-turned-tech-investor Andre Iguodala counts Zoom's tripling since IPO as best investment. You know youre investing in the founder, youre investing in the CEO, youre investing into the person with the vision more so than the company. He and his longtime business partner, Rudy Cline-Thomas, reportedly spend between $25,000 and $150,000 on such. This is a profile preview from the PitchBook Platform. He served as Venture Partner at Comcast Ventures. Real Estate Services from ERA Justin Realty Co. Their BuildZoom score of 90 indicates that they are licensed or registered but we do not have additional information about them. In a feature published Tuesday on The Athletic, Bill Shea spoke with former Warriors small forward Andre Iguodala, who discussed his early 2018 investment in the video conferencing software Zoom. Iguodala's teammate Stephen Curry has invested in a online coaching service, an app and a social media platform, among others. Youre viewing 10 of 31 investments. Michael Rosen is an SFGATE digital editor. He also serves as an Investment Advisory Committee for Concrete Rose Capital. dvelopper et amliorer nos produits et services. Andre Iguodala Plans to End His Career With Golden State If you take a look at the total amount of revenue being generated by African American athletes globally, and you can take a look at the income that we bring in annually, and it's billions of dollars. "They've just been getting after it. Indeed with Iguodalas experience, knowledge, and connections he can make these complex topics tangible and relevant. You see a lot of real estate. Europe, Menlo Park, China), Where the person is located (e.g. Broker Associate / Team Leader Michelle Pais. Off the court, Iguodala has earned respect, toofor his successful tech investments, his philanthropy, and increasingly for his contributions to the conversation about race in America. He began investing in 2011, and has made early bets on companies like Allbirds, Zoom, Data Dog,. Please "I think the landscape has changed as far as endorsements are concerned because consumers are smarter. Let's keep that in mind for a bit. The tech summit, they say, will now be an annual event. VANCOUVER, BC, Aug. 6, 2020 /PRNewswire/ - Dapper Labs, the company developing the new Flow blockchain, today announced that it has closed $12M in new funding from investors including NBA players. We knew right away," Iguodala said about Walker. Andre Iguodala joins Principal Fatima Husain at the Catalyst Fund and will focus investments in companies founded by African American, Latinx, and female entrepreneurs. Andre Iguodala Joins Comcast Ventures' Catalyst Fund Andre is an investor and a member of the Board of Directors for Jumia Technologies (NYSE: JMIA), a leading e-commerce platform widely considered the Amazon of Africa. He also serves as a Board Advisor at enterprise software company Zuora. Theres a lot of great ideas out there but the execution is key. Being out in the Bay Area, being in the heart of Silicon Valley and just absorbing the energy, the business culture that's out here, thats kind of what gave me my first peek into that side of the investing world., Livingston cites his internship, or kind of like a career day as he puts it, at Kleiner Perkins, a big Venture Capital firm as a great example of how playing for the Warriors gave him a massive boost in this space. Iguodala, who spent six seasons and won three titles near Silicon Valley while playing for the Golden State Warriors, is on the board of Jumia, an e-commerce company based in Lagos, Nigeria. regarding PitchBook Data's products. The Sixth Man by Carvell Wallace and Andre Iguodala (2020, Trade - eBay We make health and beauty simple for people of color. According to The Athletic, Iguodala and his business partner have invested between $25,000 and $150,000 "across a portfolio of more than 40 companies." Zoom's "market cap," as of the close of. He left that firm . PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. Richard Sherman, Kobe Bryant, and the athlete-to-VC connection - CNBC Western US Companies With More Than 100 Employees (Top 10K), Private San Francisco Companies (Top 10K), San Francisco Companies With Less Than $10M in Revenue (Top 10K), West Coast Companies With More Than $1M in Revenue (Top 10K), San Francisco Bay Area Companies With More Than 50 Employees (Top 10K), California Companies With Less Than $500M in Revenue (Top 10K), West Coast Companies With More Than 50 Employees (Top 10K), West Coast Companies With More Than 100 Employees (Top 10K), San Francisco Companies With Less Than $1B in Revenue (Top 10K), Number of portfolio companies associated to the Person, The organization associated to the person's primary job, Where the person is located (e.g. "Valuations are at an all-time high right now. The firm also makes investments in real estate. Andre Iguodala Is On A Mission To Bring Athletes And The Tech - Forbes This is a man who played in the NBA Finals in the NBAs Bubble with group economics written on his jersey. (The Athletic story does not make clear whether Iguodala invested in a smaller, undisclosed round.) Half the league is out of the league every two years which is a crazy, staggering number., Instead Iguodala is helping his teammates think about the wider range of opportunities, such as learning different ways where you can leverage your brand or your celebrity to get in some deals in a smart way where you don't have to come out of pocket. You may opt-out by. There is an immediate tangible benefit to Iguodala bringing his business endeavors back to Golden State for his teammates. As for Iguodala, he considers tech magnates Marc Andreessen and Ben Horowitz from noted venture capital firm Andreessen Horowitz as his buddies and confidants. Was The RJ Barrett Extension A Mistake For The New York Knicks? Nous, Yahoo, faisons partie de la famille de marques Yahoo. Andres memoir, The Sixth Man, debuted on the New York Times Best Sellers Nonfiction list. According to The Athletic, Iguodala and his business partner have invested between $25,000 and $150,000 "across a portfolio of more than 40 companies.". Last year, Iguodala's reputation as an investor, along with his eagerness to share his expertise with teammates and other athletes, landed him, teammate and two-time NBA MVP Steph Curry, and. Three companies hes involved with have recently had successful IPOs in Jumia, where he is on the board, Zoom, and PagerDuty. "The response was amazing," said Iguodala, converting some skeptics. Andre Iguodala has built a reputation that goes far beyond his on-court defense. If you look at what the team's been able to accomplish on the court and the championships we've been able to win, but then you look at what myself, Steph, Klay, Draymond, and KD, have been able to accomplish with our investments off the court, and building the network couldn't do it anywhere else - Bay Area, Silicon Valley, and just the immense amount of talent that's there.. "We understood what he was trying to do with his product and his company going forward. Zoom's "market cap," as of the close of markets on Tuesday, sat at $43.7 billion. Andre Iguodala probably made so much money on his Zoom investment, Dubs fans picking apart video of possible Poole-Draymond incident, Bay Area preschool teacher suspected of dumping body along road, Bay Area mom influencer found guilty of lying about kidnapping, 'Horrible': Oakland rapper dumps on Chase Center Warriors fans, More rain, 'unseasonably chilly' temperatures coming to Bay Area, Destructive landslide closes historic California institution, 49ers out in full force at Warriors-Kings Game 7, Sold-out Berkeley crowd gets rowdy at country star's concert, Shock, fear as 2 killings in 3 days rock quiet Davis. Definitely the tech sector Im interested in healthcare, the health of a lot of athletes, a lot of different platforms that are able to bridge the gap between sports and business. Iguodala has always been known as one of the pioneers in the NBA's investment world, especially in tech where he's seen a host of companies he's invested in go public including Marquetta,. es shooting a playoff career-high of 54.8% from the field, as well as 41.7% from three-point range (his highest since his first Warriors postseason in 2013/14), which includes the five huge three-pointers he made in Game Six in Houston to help knock out the Rockets. Jumia has struggled mightily since its IPO, however. Iguodala, who was recently traded to the Miami Heat from the Memphis Grizzlies, said he has grown a strong interest in enterprise software companies not necessarily something a 15-year NBA veteran would otherwise be using on a daily basis. And that's the aspect that people don't understand and really can't quantify - the stress and the load that the brain takes being a professional athlete. Iguodala muses, building on one of the themes of his best-selling book, The Sixth Man. Subscribe to the Crunchbase Daily. Thats one of the few companies that became a household name, a staple name., Iguodala's investing acumen has been well-documented by a number of media outlets. Drawing A Line From Kris Murray To Khris Middleton, Milwaukee Meltdown: Bucks Face A Crossroads After Another Bitter Playoff Exit, Seattle Seahawks Show Commitment To Geno Smith By Passing On Quarterbacks In 2023 NFL Draft, How The Indiana Pacers 2022 Offseason Moves Look After One Season, Brewers April In Review: A Quick Start Slowed By Sudden Rash Of Injuries, Strong Outings By Cleveland Rookies Could Put Slumping Plesacs Spot In The Rotation In Jeopardy, one of the themes of his best-selling book. If Iguodala managed to invest at Zoom's $1 billion valuation, the value of his prescient investment would be more than 4,000% larger today.