October 23rd 2023.
Andre Iguodala and his venture capital firm have recently undergone a transformation. In partnership with Rudy Cline-Thomas, an industry veteran who founded Mastry Ventures in 2021, the firm has been rebranded and now goes by the name of Mosaic General Partnership.
The two have successfully achieved their goal of raising a $200 million fund, as reported by Inc Magazine. This fund will be used to provide early-stage funding for enterprise software, fintech, and sports companies. Iguodala and Cline-Thomas have already made various investments in successful startups, such as Allbirds, Hims, Coinbase, and Carta. Moreover, the two have also ventured into sports ownership by becoming co-owners of the English soccer club Leeds United.
In an interview with the New York Times’ Dealbook newsletter, Iguodala shared that his move to the Bay Area in 2013 to join the Warriors was a part of his strategic plan to explore the tech industry. He mentioned that he had thought about how to gain access to the industry.
Iguodala is not alone in the venture capital world. His former teammate, Kevin Durant, also established himself as a significant player in the VC arena while with the Warriors. Durant and his agent Rich Kleiman co-founded Thirtyfive Ventures in 2016, and they have since made 61 investments in various startups. In 2019, they launched Boardroom, a media network blending sports, entertainment, business, and culture. Additionally, they own stakes in sports properties like NWSL and e-sports.
Iguodala's focus with Mosaic General Partnership has been directed towards sectors where his expertise can help mitigate risks. His team has cultivated connections over time that have the potential to unlock opportunities and add value right from the outset.
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