@andre is leading the shift in NBA players and if you read between the lines you can see it. Remember when athletes and wealthy black Americans in general mostly focused on fast food, car washes, and other brick & mortar businesses?
Well, now players are using their family to invest like the owners of the teams and capitalizing on one of the largest technological revolutions we have seen and the billions in wealth it’s creating for founders and investors.
There is no coincidence that Golden State players are investing in tech. Since joining the Warriors in 2013 he owns stakes ranging from $25,000 to $150,000 in about 25 startups, including the health and beauty brand Walker & Co.; mattress online retailer Casper; personal-finance app NerdWallet; Derek Jeter’s digital publishing company, the Players’ Tribune; and Mayvenn, the hair extensions supplier they met at Andreessen.
The Warriors are Silicon Valley darlings. Joe Lacob, a partner at venture capital company Kleiner Perkins and Peter Guber, chairman of Mandalay Entertainment Group, bought the team in 2010 with a group of tech heavyweights including YouTube co-founder Chad Hurley, former Facebook executive Chamath Palihapitiya, and Zappos.com founder Nick Swinmurn. Genius is when opportunity meets preparation and when we look back on Andre in 10-15 years we will be calling him a genius, better than Magic Johnson, and he will influence dozens of other players to follow his playbook. I’ve seen it first hand, he is the guy to watch out for when it comes to athletes and investing. #venturecapital#technology #startups