Source: The Information
Summary
Kevin Durant, an NBA player and venture capitalist, has partnered with a former Uber executive to launch a new fund. The fund’s portfolio, assembled since 2019, includes technologies that have gained popularity among VCs in the last year. The partnership aims to invest in emerging technologies.
Our Reading
The launch follows a familiar script.
Kevin Durant and a former Uber executive join forces to launch a new fund. The portfolio includes technologies that are now trendy among VCs. It’s a strategic move to invest in emerging tech. This is not the first time a celebrity has jumped into venture capital. Another athlete investing in “emerging technologies” because that’s what VCs are doing.
Author: Evan Null
