For nearly two decades, Andre Iguodala established a reputation as one of the N.B.A.’s most versatile players, an All-Star and Olympic gold medalist who racked up four championships with the Golden State Warriors.
Now, Iguodala has told DealBook exclusively that he is retiring from pro basketball to focus on his other career: start-up investor. He will run Mosaic, a $200 million venture capital fund that he just raised with his longtime business partner, Rudy Cline-Thomas.
Iguodala’s disclosure ends years of speculation. The 39-year-old had suggested that last year’s season would be his last, only to shoot down rumors about it earlier this year. But now is the time to hang up his sneakers. “It’s been a blessing to play for that long,” he told DealBook. (He hasn’t fully come to grips with it yet: “I don’t know if it’s actually hit me yet,” he said.)
He’s embracing his next act. Though he and Cline-Thomas had begun buying tech stocks in 2010, the two dived deeply into start-ups when he joined the Warriors in 2013. “When I initially went out to the Bay Area, it was my intent to have success on and off the court,” Iguodala said. “I thought about how to get access.”
That led to meetings with venture capital firms like Andreessen Horowitz, and then to taking stakes in start-ups, including Zoom and the cybersecurity provider Cloudflare.
It is a model now followed by many pro athletes, from the N.F.L.’s Patrick Mahomes and Aaron Rodgers to Iguodala’s longtime Warriors teammate Steph Curry. “Athletes are becoming smarter and smarter,” Iguodala said, asserting that their competitiveness and an ability to speak to audiences help to sell and scale products.
Mosaic is now his focus. The firm will home in on seed- and early-stage investments in enterprise software, fintech health care and sports companies. Iguodala and Cline-Thomas closed Mosaic’s first fund — whose investors included endowments, institutions and founders of companies they have already backed — in May.
Mosaic’s investments include Vessel, a builder of modular multifamily homes, and Athletes First, an N.F.L. talent agency and management firm.
Sports franchise ownership is another focus. Iguodala is a co-owner of Leeds United, an English soccer club; Bay Area F.C., the National Women’s Soccer League team; and, along with former teammates Curry and Klay Thompson, the San Francisco branch of TGL, the upstart golf league co-founded by Tiger Woods and Rory McIlroy.
Iguodala’s highest aspiration? Owning an N.B.A. team. “The timing has to be right,” he said, but “that’s definitely the ultimate goal.”
On low efficiency, which is the point.
But he didn't deserve it, Steph was the most valuable player on the winning team.
The award was never for the best player on the winning team, it was always about contextual performance within the finals. Steph played mediocre by his standards whereas LeBron was far and away the best player there. But Iggy flipped the script and was the deciding factor, which is why he deserved it
Iggy didn't deserve it, he wanst the most valuable warriors he wanst the most valuable player .
I don't care about narratives, what I care about is truth and lebron deserve it despite his horrendous shooting, and Steph was the most valuable warrior
Narratives matter—you can just look at the stats if you want to decide who's better in a vacuum but that's never been the purpose of these awards. Giving it to LeBron would have been a shitshow for obvious reason, they'd probably still be arguing about it on TV. Giving it to Steph would have been undeserved since he didn't have a great series and disrespectful to how great LeBron was. But even that aside, Iguodala, despite not being the best player, stepped up and won the Warriors the finals. That's as valuable as you can get
Igoudala didn't the win the finals that's a narrative, without Steph the warriors don't win one game, that's by definition the most valuable, the offense can't exist without him, and because of his offensive ability you can put negate ve offensive players like Greene that make you better defensively, an he allowed igoudala's low productively offensively to exist while he focuses only on defense.
dude had 11 assists on a team that shot 39% from the floor.
yes? i am not disputing the assists and the rebounds(thats why it was a goated performance), but his scoring was extremely inefficient even taking acount free throws
yeah because he was literally carrying the cavs. all these nerds saying he was inefficient just ignore that the rest of the team was shit.