If you're a regular in this space, you know that former Warriors forward Andre Iguodala is very well-entrenched in the world of Silicon Valley.
And if you're somebody who is sheltering-in-place because of the coronavirus pandemic -- which you are -- then you almost certainly are familiar with Zoom.
But did you know that the 2015 NBA Finals MVP has a financial stake in the video conferencing product?
As Bill Shea of The Athletic writes:
“Why didn’t I put in more money,” Iguodala lamented with a laugh. “That’s one of the few companies that became a household name, a staple name.”
Zoom has said it had 10 million daily free and paid users in December and that the health crisis skyrocketed that to more than 300 million in April -- a mixture of business, schools, government and individual users.
Iguodala, 36, didn’t disclose how much he invested in Zoom two years ago. He and his longtime business partner, Rudy Cline-Thomas, reportedly spend between $25,000 and $150,000 on such investments across a portfolio of more than 40 companies.
“All my investments are pretty standard in range and terms,” Iguodala said. “The earlier you invest, the less you invest because of the risk involved. As you get later, the checks get bigger.”
The three-time NBA champion wins seemingly in every facet of life.
He's extremely smart, forward-thinking and calculated.
“When I bought the Warriors, I knew I had an opportunity to attract certain players who wanted to invest successfully in tech," Golden State owner Joe Lacob told Shea via email. "But the rules precluded me from providing those opportunities to players. Still do.
"But it is allowed for me to tell my players to be social and get to know all of the interesting people, founders and investors, that sit courtside at Warriors games. Andre has done a great job of that and more."
Ain't that the truth.
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