Kevin Durant’s off-the-court acquisitions have done exceedingly well in the last few years with stakes in 70 different properties, as varied as Coinbase, the bitcoin exchange; SeatGeek, the online ticketing service used by the Nets; and Weedmaps, an app that helps marijuana fans find legal dispensaries.
Now, the Nets superstar and his agent/manager Rich Kleiman have announced they’re setting up a “blank check” company formally known as a “special purpose acquisitions company” (SPAC) called Infinite Acquisition Corp to help them invest further. The two are hoping to raise $200 million, using their successes in the market to entice new investors.