Kevin Durant: The Businessman Behind the Baller
Kevin Durant is one of the most recognizable athletes in the world. He’s a two-time NBA champion, two-time NBA Finals MVP, and an eight-time All-Star. But Durant is more than just a basketball player; he’s also a savvy businessman.
In 2016, Durant co-founded Thirty Five Ventures, a venture capital firm that backs sports, media, and technology startups. Since then, Thirty Five Ventures has invested in over 50 companies, including Postmates, Lime, and Thrive Market. Through strategic investments and partnerships, Durant has made a significant mark in the entrepreneurial landscape, showcasing an astute understanding of emerging trends and disruptive technologies.
Durant’s business acumen is impressive, especially considering that he’s still in his early 30s. But what makes Durant such a successful businessman?
1. He’s Passionate About Business
Durant isn’t just investing in startups because it’s a good way to make money. He’s genuinely interested in the business world and he’s always looking for new opportunities to learn and grow.
2. He’s a Strategic Thinker
Durant doesn’t just throw money at startups. He takes the time to carefully evaluate each investment opportunity and he makes sure that each company aligns with Thirty Five Ventures’ mission.
3. He’s a Team Player
Durant knows that he can’t do everything himself. That’s why he surrounds himself with a team of experienced advisors and investors.
4. He’s Patient
Investing in startups is a long-term game. Durant understands that it takes time for companies to grow and succeed. He’s willing to be patient and he doesn’t expect overnight results.
5. He’s Not Afraid to Take Risks
Durant is willing to take risks on companies that other investors might shy away from. This willingness to take risks has paid off for Thirty Five Ventures, which has had a number of successful exits.
A key highlight of Durant’s business endeavors lies in his strategic investments within the sports industry. Leveraging his own experiences as a professional athlete, Durant has ventured into backing sports-related startups, fostering innovation in areas such as sports performance, fan engagement, and athlete empowerment. His investments in companies like Overtime, a digital sports media platform, and OpenDoor, a real estate platform for athletes, reflect his commitment to transforming the sports landscape beyond the game itself.
Eye for Innovation
Furthermore, Durant’s foray into the realm of media underscores his forward-thinking approach. Thirty Five Ventures has made notable strides in the media landscape, collaborating on various projects in film, television, and digital content creation. By tapping into the power of storytelling, Durant aims to amplify diverse narratives, providing a platform for underrepresented voices through initiatives like “35 Ventures’ The Boardroom,” a multimedia platform focusing on sports business and culture.
“The tech sector remains another arena where Durant’s investment initiatives have flourished.”
His strategic investments in technology startups demonstrate a keen eye for innovation and disruption. By backing companies like Postmates and Robinhood, Durant has shown a commitment to supporting ventures that redefine industries, emphasizing accessibility and user-centric experiences.
Beyond Business: Durant’s Philanthropic Commitments
Durant’s approach to entrepreneurship extends beyond mere financial investment; it reflects a deep-seated commitment to fostering innovation, empowering communities, and driving positive change. His involvement in philanthropic efforts, including initiatives supporting education and youth development, echoes his dedication to creating a lasting impact beyond the business realm.
As Durant continues to expand his entrepreneurial footprint, his journey serves as a blueprint for athletes and aspiring entrepreneurs alike. His ability to navigate multiple industries with a blend of strategic investments, genuine passion, and a vision for the future underscores his status as a multifaceted business leader.
In conclusion, Kevin Durant’s evolution from basketball icon to an astute entrepreneur with Thirty Five Ventures showcases a unique blend of business acumen, strategic vision, and a commitment to fostering innovation. His diversified investment portfolio across sports, media, and technology stands as a testament to his entrepreneurial prowess, solidifying his position as a trailblazer in the world of business beyond the basketball court.
