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Another investing W for Kevin Durant, who is likely producing better returns than most VCs while being a full-time athlete. https://finance.yahoo.com/news/kevi

Another investing W for Kevin Durant, who is likely producing better returns than most VCs while being a full-time athlete. https://finance.yahoo.com/news/kevin-durant-investment-portfolio-15-120019205.html?guccounter=1 https://finance.yahoo.com/news/kevin-durant-investment-portf...

Grombobulous 14d ago
Let’s not forget to give credit to his family office. High net worth individuals don’t just personally do things like make investments themselves. They hire experts to do that. Sure, at some point Kevin Durant made the high-level decision that he wanted to invest in high-growth startup companies. But there’s a very low chance that he’s working the day-to-day of that process.
- ishtanbul 14d ago
  I’d put it close to zero. He was likely presented with the deal once it was sourced and reviewed by his investment team, who likely did 100% of the work. It doesn’t mean he didn’t make the final decision, but pro athletes dont have time to do much investing work beyond high level networking and approving deals.
  - bdcravens 14d ago
    Durant is more than just an athlete who gets suggestions from those who handle his investments; he co-founded a venture firm ten years ago that has invested in over 100 companies. https://www.hustlefund.vc/post/angel-squad-kevin-durant-investments-what-kds-100-company-portfolio-teaches-angel-investors https://www.hustlefund.vc/post/angel-squad-kevin-durant-inve... While it's true he may not "do the work" and relies on those he's hired, the same is true of the Mark Cubans of the world.
    - awad 14d ago
      Going to Golden State was fruitful for quite a few players. Great timing.
    - Grombobulous 14d ago
      This is exactly what I was saying (grandparent comment). I’m not trying to detract from his success or call him stupid, not at all. But it’s worth pointing out that the only qualification for starting a successful venture firm is having money.

Grombobulous 14d ago

Let’s not forget to give credit to his family office. High net worth individuals don’t just personally do things like make investments themselves. They hire experts to do that. Sure, at some point Kevin Durant made the high-level decision that he wanted to invest in high-growth startup companies. But there’s a very low chance that he’s working the day-to-day of that process.

ishtanbul 14d ago
I’d put it close to zero. He was likely presented with the deal once it was sourced and reviewed by his investment team, who likely did 100% of the work. It doesn’t mean he didn’t make the final decision, but pro athletes dont have time to do much investing work beyond high level networking and approving deals.
- bdcravens 14d ago
  Durant is more than just an athlete who gets suggestions from those who handle his investments; he co-founded a venture firm ten years ago that has invested in over 100 companies. https://www.hustlefund.vc/post/angel-squad-kevin-durant-investments-what-kds-100-company-portfolio-teaches-angel-investors https://www.hustlefund.vc/post/angel-squad-kevin-durant-inve... While it's true he may not "do the work" and relies on those he's hired, the same is true of the Mark Cubans of the world.
  - awad 14d ago
    Going to Golden State was fruitful for quite a few players. Great timing.
  - Grombobulous 14d ago
    This is exactly what I was saying (grandparent comment). I’m not trying to detract from his success or call him stupid, not at all. But it’s worth pointing out that the only qualification for starting a successful venture firm is having money.