$3.75 trillion executive pushed Steph Curry and former teammate into tech investments
Playing for the Golden State Warriors helped superstar Steph Curry gain access to investments in Silicon Valley.
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Steph Curry and Andre Iguodala entered tech investments through a Golden State Warriors superfan
Along with his vision to win another NBA title or two, Steph Curry is also gearing up for life after retirement. To ensure that happens smoothly, the Golden State Warriors superstar took advantage of the team’s location in San Francisco, home of Silicon Valley.
Staying around Silicon Valley means chances of finding investment opportunities are much higher than if a player is part of a small market team. It also helps matters when that player is a fan favorite. The mere association can draw in more investments and or improve their brand value.
The best example in terms of basketball players is Shaquille O’Neal. He has been investing in a lot of ventures since his playing days. Most of those brands or companies have benefitted from his name being associated with the company.
But it still needs those channels through which a player can invest. O’Neal was lucky, but not every player with $100 million in his account is. But according to former teammate Andre Iguodala, him and Steph Curry benefitted from having a die-hard Warriors fan to guide them.
I’m a huge Apple fan and Eddy Cue likes to hide behind cameras. But Eddie Cue’s been a fan for so long. That’s really how I got into the space. Steph was having conversations of what’s the hottest tech company. You’re gonna see it come together, especially in a place like San Francisco, the Bay Area.
Andre Iguodala to Bloomberg Originals
This was his answer to a question by Bloomberg Originals’ Emily Chang on how he and Curry got into tech. The fact that they had Apple’s Senior Vice President of Services to guide them, made matters easier.
Steph Curry learned from FTX controversy
Steph Curry has evolved as an investor and is constantly looking at new opportunities. But during his search for such gateways, FTX approached him to endorse their brand. But that situation turned for the worse and he was sued along with other faces. When Emily Chang asked him about his learnings from it, he said:
You make decisions based on the facts that you have in front of you. And you take some chances like obviously nobody wanted to see it play out that way. But it’s one of those shots that you took that didn’t pan out. It’s unfortunate the way it went. You take that one on the chin and keep moving.
Steph Curry on the FTX debacle
The Golden State Warriors superstar learnt from that experience to be mindful of deals. But the fact that he was not the only one and the controversy dragged a lot of high-profile athletes and celebrities did not make it easier.
The two-time NBA MVP has moved on to try and make his investments be for the betterment of people. Particularly his efforts to help young members of the Black community have chances they would not usually get. His Curry golf tournaments are one way of helping them.
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Joseph Varghese
(2379 Articles Published)