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Comment by iworshipfaangs2 | Hacker News Reader

Another investing W for Kevin Durant, who is likely producing better returns than most VCs while being a full-time athlete.

https://finance.yahoo.com/news/kevin-durant-investment-portf...

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Let’s not forget to give credit to his family office. High net worth individuals don’t just personally do things like make investments themselves. They hire experts to do that.

Sure, at some point Kevin Durant made the high-level decision that he wanted to invest in high-growth startup companies. But there’s a very low chance that he’s working the day-to-day of that process.

I’d put it close to zero. He was likely presented with the deal once it was sourced and reviewed by his investment team, who likely did 100% of the work. It doesn’t mean he didn’t make the final decision, but pro athletes dont have time to do much investing work beyond high level networking and approving deals.

Durant is more than just an athlete who gets suggestions from those who handle his investments; he co-founded a venture firm ten years ago that has invested in over 100 companies.

https://www.hustlefund.vc/post/angel-squad-kevin-durant-inve...

While it's true he may not "do the work" and relies on those he's hired, the same is true of the Mark Cubans of the world.

Going to Golden State was fruitful for quite a few players. Great timing.

This is exactly what I was saying (grandparent comment).

I’m not trying to detract from his success or call him stupid, not at all.

But it’s worth pointing out that the only qualification for starting a successful venture firm is having money.

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