Kevin Durant continued his investing hot streak when health tracking firm WHOOP announced a $200 million Series F funding round Monday at a $3.6 billion valuation. The four-time NBA scoring champ first invested in the company in 2017, and WHOOP was tabbed at a $125 million valuation during its Series C the following year. The new appraisal means a roughly 2,800% return for KD and his investment vehicle Thirty Five Ventures. It caps a stellar month for Durant. He led Team USA to a fourth straight gold medal in a classic performance to beat France, a week after he became the all-time U.S. leading scorer. Next came a four-year, $198 million contract extension with the Brooklyn Nets, with his club entering the 2021-22 season as the NBA title favorites.
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The list also includes the value of some high profile investments like Kevin Durant’s estimated $15 million stake in Postmates, which was bought by Uber in December, Sportico reports. (It apparently doesn’t cover his big gains in Coinbase.) That said, KD’s estimated income from the period examined by Sportico is a whopping $80.1 million, $32.1 million in salary, $48 million in endorsements, sponsorships and profits from investments. That places him ninth overall, between Tom Brady and Steph Curry. Among team athletes rather than boxers, golfers and tennis players, KD ranks seventh and among NBA players second, behind only LeBron James who made an estimated $101.8 million.
While athletes are being told to shut up and dribble, Durant excels as both baller and businessman. Since its 2017 inception, his company Thirty Five Ventures, run alongside his longtime business manager Rich Kleiman, has already made twice that many ventures in a burgeoning portfolio. “We’re up to over 70 investments now, and the portfolio continues to grow. We’re focused on strategic investments where we feel like we can make an impact, or where there’s potential alignment with [The] Boardroom in addition to being smart investments,” Durant told The Post. “There’s a new partnership in the women’s sports space that we’ll be announcing soon that I’m very excited about.”
“We definitely have always been interested clearly in being involved in team sports, and learning the ownership business and being able to at one point have Kevin, and this organization, own and operate an NBA team,” Kleiman told The Post. “The thought is so far down the line, not only because Kevin’s still playing, but the amount of money to get into it is a different level of money.”
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September 21, 2021 | 2:49 am EDT Update
Who would Wolves staff consider to be early candidates for the most improved player on the roster? 2) Do the Wolves see McKinley Wright IV as a sort of “Pat Bev-in-training”? 3) Will there really be a concerted effort to apply full-court defensive pressure? — @Tresio The two players I have heard a lot of buzz about looking great in workouts: McDaniels and (drum roll, please) … Russell. Sounds like he is locked in right now.
The 21-year-old guard should thrive in pick-and-roll action with Jarrett Allen and Evan Mobley as rim rollers, while the addition of Lauri Markkanen, who shot 40.2 percent from downtown last season, will help space the floor and open pick-and-pop opportunities. “I think Garland’s kind of gotten lost in the shuffle in terms of people knowing who he is because of Colin Sexton,” an NBA scout opined. “If he stays healthy, I like picking him.”
Myles Turner: Top – April 280 lbs 14% Body Fat Bottom – September 255 lbs 8.5% Body Fat Off Season Well Spent 💪🏾
I have heard A-Rod and the new ownership is bully on the Wolves. What major moves do you predict they will make to improve the product in the next couple years? — @SPORTSviKINGs17 So far, it appears like the immediate target is just modernizing things, bringing a franchise that has often been at the back of the pack to more of the cutting edge when it comes to technology and innovation — that sort of thing. Of course, the main goal will be to make the Timberwolves more competitive on the floor, but I think there is a real emphasis on everything around the basketball, as well. What can be done to change the perception of the organization? They are taking a long look at culture and values and defining characteristics. Those might seem like mumbo jumbo to dyed-in-the-wool hoop heads, but those are things that Lore and Rodriguez are very familiar with in their other businesses. They can dive in on them right away as they work to get up to speed on the intricacies of basketball, the collective bargaining agreement and the team in general.