Coinbase Scores Big With Kd's Investment

Kevin Durant, the Brooklyn Nets forward and two-time NBA champion, has built an impressive investment portfolio over the years. One of his most notable investments was in Coinbase, a cryptocurrency platform. KD, along with his business partner Rich Kleiman, invested in Coinbase when it was valued at $1.6 billion. At the time of their investment, Coinbase was securing capital for its Series D funding, which raised over $100 million. Today, Coinbase is going public with an estimated valuation of $100 billion, representing a significant increase in value since KD's initial investment. While the exact amount KD invested in Coinbase is not known, his stake in the company is now worth several times more than what it was initially worth.

Kevin Durant's investment in Coinbase has grown 61.5 times since 2017

Kevin Durant is not just an NBA star but also a successful investor. Through his own investment company, Thirty-Five Ventures, Durant has invested in several startups, including Postmates, Robinhood, and Acorns.

In 2017, Durant and his business partner, Rich Kleiman, invested in Coinbase, a cryptocurrency platform. At the time, Coinbase was valued at $1.6 billion. On Wednesday, April 14, 2021, Coinbase opened on the Nasdaq for the first time, with a valuation of close to $100 billion. This marked a 61.5-time increase in valuation since Durant's initial investment, demonstrating his astute business acumen.

Durant's interest in investing began when he moved from Oklahoma City to the Bay Area, where he could take advantage of the technology investment capital of the world. He co-founded Thirty-Five Ventures in 2016, which has since become an umbrella for his various business interests. In addition to his investments, Durant has also produced content for YouTube and sold a scripted series to Apple.

While the exact amount Durant invested in Coinbase is not known, it is estimated that he could have invested between $500,000 to a few million. With the significant increase in Coinbase's valuation, Durant's investment has likely paid off handsomely. This success highlights Durant's diverse business ventures and his ability to capitalize on emerging trends, such as the cryptocurrency boom.

KD's investment company, Thirty Five Ventures, has a wide range of investments

Kevin Durant's investment company, Thirty Five Ventures, has a wide range of investments. The company was founded by Durant and his business partner, Rich Kleiman, and it focuses on investing in established and emerging businesses to create meaningful value. Thirty Five Ventures has a diverse investment portfolio, spanning over 100 companies across various sectors, including fintech, artificial intelligence, health and wellness, and media.

One of Durant's notable investments is in Coinbase, a cryptocurrency platform. In 2017, Durant invested in Coinbase when it was valued at $1.6 billion. At the time, the company was securing capital for their Series D funding, which raised over $100 million. When Coinbase went public, it was valued at an estimated $100 billion, resulting in a significant increase in the value of Durant's investment. While the exact amount Durant invested in Coinbase is not known, his stake in the company is now worth several times more than its original value.

In addition to Coinbase, Thirty Five Ventures has invested in several startups, including Postmates, Robinhood, Acorns, and JetSmarter. Durant also has a history of investing in sports leagues and teams, such as the Philadelphia Union's ownership group and the Brooklyn Aces, a Major League Pickleball team. Through its sister company, Boardroom Sports Holdings, Thirty Five Ventures has invested in emerging sports teams and leagues, including NWSL champions Gotham FC and MLS's Philadelphia Union.

Durant's investment strategy appears to focus on both established companies and emerging startups with strong growth potential. Thirty Five Ventures also seems to have a particular interest in the sports industry, reflecting Durant's background as an NBA champion. The company's diverse investment portfolio and strategic partnerships have contributed to Durant's success as an investment tycoon off the court.

KD's other investments include Acorns, Skydio, and Lime

Kevin Durant, the Brooklyn Nets forward, has built an impressive investment portfolio over the years. Through his own investment company, Thirty-Five Ventures, Durant has made investments in companies such as Coinbase, Postmates, Robinhood, Acorns, JetSmarter, and more.

One of Durant's most notable investments was in Coinbase, a cryptocurrency exchange platform. Durant and his business partner, Rich Kleiman, invested in Coinbase when it was valued at $1.6 billion. When Coinbase went public with an estimated $100 billion valuation, Durant's investment saw a significant increase in value. While the exact amount Durant invested in Coinbase is not known, the substantial return on his investment is evident.

In addition to Coinbase, Durant has invested in Acorns, a company that helps individuals save and invest their money. Acorns offers a variety of products, including the Mighty Oak debit card, which allows users to save and invest with no hidden fees. Acorns also provides investment accounts for children, retirement accounts, and diversified portfolios built by experts. Durant's investment in Acorns aligns with his focus on investing in promising startups and building a diverse investment portfolio.

Another one of KD's investments is Skydio, a leading US drone manufacturer and world leader in autonomous flight. Skydio drones are used by various industries, including the US Department of Defense, state departments of transportation, public safety agencies, and energy utilities. The company has raised a total of $562 million in funding, with a valuation of over $2.2 billion. Durant's investment in Skydio further showcases his interest in innovative and technologically advanced companies.

Durant has also invested in Lime, a company that offers electric vehicle rentals. Lime provides a sustainable and convenient way for individuals to get around, with products such as electric scooters, bikes, and mopeds. This investment aligns with Durant's interest in companies that are revolutionizing their respective industries. By investing in Lime, Durant is backing a company that is committed to environmental sustainability and innovative transportation solutions.

Through his investments in companies like Acorns, Skydio, and Lime, Kevin Durant has demonstrated a keen eye for promising startups and a diverse approach to building his investment portfolio. These investments not only showcase his business acumen but also his support for innovative and technologically advanced companies that are making a significant impact in their respective industries.

KD's net worth in 2020 was over $170 million

Kevin Durant, or KD, is an American professional basketball player who plays for the Brooklyn Nets in the NBA. He is one of the highest-paid players in the league, with a net worth of over $170 million in 2020.

KD's success in the NBA has translated into substantial financial gains. Between June 2019 and June 2020, he earned $65 million from his various endeavours. In 2019, KD signed a four-year $164 million contract with the Brooklyn Nets, receiving a $42 million NBA salary, which made him one of the five highest-paid players in the league. Prior to that, during his time with the Golden State Warriors, KD signed a two-year, $54.3 million contract in 2016, followed by another two-year contract for $61.5 million in 2018.

In addition to his NBA salary, KD has multiple lucrative endorsement deals, bringing in tens of millions of dollars annually. He has endorsement contracts with companies like Nike, Gatorade, Degree, and Beats Electronics. According to Forbes, KD earns approximately $32 million per year from endorsements alone.

Beyond his basketball career and endorsements, KD is also a savvy investor and entrepreneur. He has made numerous investments in private companies and the stock market. KD co-founded the Durant Company with his agent, Rich Kleiman, and their investment portfolio includes stakes in The Players Tribune, Postmates, and Coinbase. Additionally, KD founded Thirty Five Media, a production company specialising in YouTube content.

KD's investments have paid off handsomely, particularly his investment in Coinbase. In 2017, KD and Kleiman, through their investment company Thirty Five Ventures, invested in Coinbase when it was valued at $1.6 billion. When Coinbase went public in 2021, its valuation had skyrocketed to over $100 billion, resulting in a substantial increase in the value of KD's investment. While the exact amount KD invested in Coinbase is not known, it is estimated that a $1 million investment in Coinbase in 2017 would have been worth over $53 million in 2021.

With his diverse income streams, wise investments, and growing portfolio, KD's net worth is expected to continue rising, and his financial success off the court rivals his impressive achievements on it.

KD's investment in Postmates earned him $15 million

Kevin Durant, the Brooklyn Nets forward, has proven himself to be a savvy businessman off the basketball court. Through his investment company, Thirty-Five Ventures, Durant has built an extensive portfolio, investing in some of the most promising startups in Silicon Valley. One of his most notable investments was in the food delivery service Postmates.

In 2016, Durant invested approximately $1 million in Postmates during its early startup phase. This investment proved to be a wise decision as, in 2020, Uber entered into discussions to acquire the company for a reported valuation of $2.6 billion. As a result of this acquisition, Durant's initial stake in Postmates increased in value to approximately $15 million, representing a fifteen-fold return on his investment.

Durant's success with Postmates is just one example of his business acumen. He has also invested in other notable companies, including Robinhood, Acorns, JetSmarter, Coinbase, and Lime scooters. In addition to his investments, Durant has produced sports-related content and founded a media company, further diversifying his business ventures.

With his successful investments, Durant has earned a substantial amount of wealth. In 2019 alone, he earned $35 million solely from his off-court investments, and his net worth is estimated to be approximately $200 million, making him one of the wealthiest players in the NBA. Durant's success in the business world matches his success on the basketball court, where he is an eleven-time All-Star and a two-time NBA champion.

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