Long gone are the days of NBA stars investing in car dealerships (ala Karl Malone Honda). Now, basketball’s premier stars are investing in startups.
According to Bloomberg, Golden State Warriors star Andre Iguodala has spent many days hearing pitches from startups to invest in.
Iguodala has led the charge of NBA players looking to invest in Silicon Valley and startups, dropping hard-earned dimes into online retailer Casper, finance app NerdWallet and Zappos.com, among many others.
“Ten or 15 years ago, what did all athletes invest in? Car dealerships, franchising and real estate,” Iguodala told Bloomberg.