Andre Iguodala's New Court: Venture Capital and Sports Media
Bay Area, USASun Dec 15 2024
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Andre Iguodala, known for his 19-year NBA career and four championship rings with the Golden State Warriors, has dived into business the moment he retirement was announced. Unlike many athletes, he didn't just rest on his laurels. Iguodala has been quietly building his next chapter. Alongside co-founder Rudy Cline-Thomas, he started Mosaic, a venture capital fund with a massive $200 million investment war chest. How did he get here?
Iguodala's business smarts began to show early. During his NBA days, he started investing in tech stocks in 2010. Over time, he moved from stocks to startups, always with an eye for unique opportunities. He was quick to spot companies like Zoom before they exploded, which shows his ability to think ahead.
"I wanted success off the court too, " Iguodala once shared. And he's certainly achieved that. Mosaic focuses on early-stage funding in areas like software, finance, and sports. His investment portfolio includes heavy hitters like Coinbase and Allbirds. Iguodala doesn’t just throw money around; he invests in people with vision and drive.
In 2022, Mosaic invested $9. 2 million in AllCity Network, a sports content company. This helped AllCity raise a total of $12. 4 million, aiming to double its size. AllCity plans to offer free ad-supported streaming for sports fans, challenging giants in the sports media world. Iguodala sees potential in city-specific, 24-hour sports channels.
But that's not all. Iguodala also joined Bay FC in the NWSL, became part-owner of Leeds United, and is involved with TGL, a tech-infused golf league. He also co-founded the Players Technology Summit, connecting sports, venture capital, and tech.
Iguodala's success off the court isn’t just about money. It’s about building partnerships, spotting opportunities, and helping people with innovative ideas succeed. He’s turning his sports star power into a powerful business force.
https://localnews.ai/article/andre-iguodalas-new-court-venture-capital-and-sports-media-5fdffdc2
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