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Kevin Durant scores huge return on Coinbase investment

Durant has backed about 50 startups since 2017, with investments ranging
between $250G and $1M

https://www.foxbusiness.com/markets/kevin-durant-scores-huge-return-on-coinbase-investment

Kevin Durant sat out Wednesday night — as his bank account soared.

On Wednesday, the Nets star saw his Coinbase investment pay off when the
digital currency exchange platform hit the public markets with a whopping $86
billion valuation. It marks Durant’s largest investment victory to date with
his Thirty Five Ventures company.

Durant initially invested in Coinbase in 2017, making his investment worth
54-fold after Wednesday’s news, according to Sportico. Since 2017, he has
invested in around 50 startups.

In a 2018 interview with ESPN, Durant revealed that most of his investments
have ranged anywhere from $250,000 to $1 million. Therefore, a $250,000
investment in Coinbase in 2017 would be worth $13.5 million at Wednesday’s
closing price, per Sportico.

Coinbase, since its 2012 inception, has soared in the cryptocurrency market
with its advertised easy-to-use model. In late 2020, revenue more than
doubled to $1.1 billion, according to the website. Though, that was pocket
change compared to the first quarter of 2021, in which Coinbase announced
preliminary revenue of $1.8 billion, up nine-fold.

Durant’s massive payday adds to the $39 million salary he will collect this
season with the Brooklyn Nets — in addition to an estimated $35 million from
his media and film ventures and sponsorships with brands including Nike,
Degree, YouTube and Master & Dynamic.

The two-time NBA champion founded Thirty Five Ventures in 2017, alongside his
longtime business manager Rich Kleiman. The company incorporates the duo’s
existing business entities, including Durant’s personal brand/marketing
portfolio, investments and on-court contracts, as well as the Kevin Durant
Charity Foundation and the multi-channel sports business network, The
Boardroom.

Durant has said the best business advice he’s been told is: "Don’t do
things just for money. Don’t do things just for fame. Do things because you
feel right and it feels true."

Coinbase certainly felt right.



大致翻譯，負責虛擬貨幣交易的交易所Coinbase正式在Nasdaq掛牌

掛牌首日Coinbase的市值就衝上860億美元大關，讓很多股東一夕間變成億萬富翁

其中籃網隊球星Kevin Durant早在2017年

就透過旗下公司Thirty Five Ventures Company投資這個新創事業



如果以最低25萬鎂來計算，其市值已經高達13.5 mil，根據星期三的收盤價


相當於獲利54倍


KD的年收入組成包含薪資39M，與副業與代言收入35M

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