Kevin Durant's VC Fund: Will he become the NBAs first actively playing billionaire?
Kevin Durant's 32nd birthday was last week. This made me wonder if he could become basketball's first actively playing billionaire.
Durant is expected to earn over $500M from NBA contracts and sponsorships throughout his career.
His plan to turn that into billions?
Thirty Five Ventures.
In 2017, Kevin Durant and his manager, Rich Kleiman, co-founded Thirty Five Ventures; a venture capital firm designed to house all their investments. Since it's launch, the duo has deployed millions into over 50 startups.
During his time with the Warriors, Durant continuously picked the brain of successful VC's like Chamath Palihapitiya, Marc Andreessen, and Ben Horowitz.
The result?
A 400+% return on his investments.
Overall, Kevin Durant has managed to build an impressive investment portfolio:
- Robinhood
- Coinbase
- Q Bio
- Dutchie
- Whoop
- Acorns
- JetSmarter
- Overtime
- Philadelphia Union
- Postmates
When Uber acquired Postmates for $2.65B, Durant turned his $1M initial investment into $15M.
As of now, Michael Jordan is the only billionaire in basketball. While LeBron James and Magic Johnson have to be getting close; with his network and the way investing in startups work, don't be surprised if KD becomes the first actively playing billionaire in NBA history! 🤯
