In an era dominated by players and skyrocketing salaries, most NBA players' thinking about making money is still focused on striving for higher salaries and looking for endorsements. However, many thoughtful players have long recognized the importance of establishing multiple incomes and expanding business models. They know that the career of a great player is still limited, so they must lay out the foundation for the next career in advance, and Stephen Curry is one of them.
Stephen Curry has been working in San Francisco for many years, where the startup and technology industries are developed. His investment vision and intuition have naturally been trained to be as accurate as shooting. "Living in San Francisco, you will unknowingly absorb a lot of technology and venture capital knowledge. I don't like it." Setting limits on myself and trying different fields has always been my philosophy in life." Curry and Andre Iguodala, who is also keen on developing investment projects, have also collaborated to hold multiple technology summits in San Francisco and invited players to participate in sharing and exchanging information. "We hope to Correct investment strategies and industry information are delivered to more players."
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Accurate vision & early planning
Curry's precocious and far-sighted personality allowed Curry to start planning his career after retirement as a professional player very early, and founded SC30 to find investment targets. "I now focus almost all my attention on the court, but the basketball season is cyclical, so I can also allocate my focus on business investment." Curry said, he once talked toDraymond Green,Kevin DurantHe has regular meetings with Iguodala and others, and has also successfully hired consultants to conduct research and asset allocation. "We have started discussing post-player life very early on. I hope to invest in companies that are committed to making the world a better place, but of course the prerequisite is to make a profit. .”
Curry is good at finding investment projects in his own field. He has participated in investments including North American e-sports club TSM, AI smart fitness equipment Tonal, and personal trainer application CoachUp, all of which are biased in the sports field. In addition to relying on his own connections, Curry is also willing to support other players' projects, including assisting Oxigen bottled water company invested by Kevin Love in completing a $15 million Series B financing
Starting in 2021, Curry has paid more and more attention to the philosophy and culture of new startups when participating in projects. He has listed gender and salary equity as important selection items, and has invested in the human resources analysis platform "Syndio" to eliminate the salary gap, allowing client companies to The HR team can analyze and solve salary gaps due to gender, race, age and other factors, eliminate the differences and maintain salary fairness. "Salary fairness is the most basic requirement of the enterprise." Curry said, "Syndio can assist enterprises Eliminate unconscious bias and implement workplace justice.”
Furthermore, Curry is also concerned about whether the subject matter is futuristic, especially concepts such as artificial intelligence and deep computing. In 2018, he invested in various fields such as travel chat robot SnapTravel, remote smart fitness equipment Tonal, and American corporate training platform Guild Education. beast startups.
According to CBS, the total valuation of the companies Curry has invested in has exceeded 160 million. "My biggest goal is to help Stephen establish credibility and investment reputation. We are not trying to find the next top 100 companies, but to find out the ones that have Opportunities for explosive or high-impact startups..." said SC30 general manager Bryant Barr.
Barr was Curry's teammate at Davidson University. He graduated from college and entered the financial industry as an actuary. He then worked for Nike, obtained an MBA from Stanford University, and helped Curry launch Slyce, a social platform for athletes. After the success of Slyce, the two decided to join hands to found SC30. , "We have great tacit understanding and chemistry from the court to business cooperation. We can break away from friendship when discussing seriously, but privately we are each other's close friends." Barr said, he believes that Curry's vision and creativity coupled with His analysis is the main model for SC30 to discover treasures. "He can break away from the thinking of financial investment, and then let me collect and evaluate it. This is our current successful model."
Investing across sports
As we all know, in addition to being a basketball player, Curry also likes to play golf, and his skills are close to professional levels. In addition, Curry will also invest in organizing and sponsoring events.
Curry has cooperated with ABC Channel to launch the "Honey Moley" mini golf reality event, and hopes to promote mini golf into a professional league in the future. Curry will also sponsor Howard University's establishment of the first Division 1 men's and women's golf teams in school history in 2020. He will provide a 7-digit sponsorship for a six-year plan starting from the 2020-21 golf season. Curry has also continued to negotiate with the PGA in recent years to manage an exclusive series of tours.
Curry will sponsor Howard University's establishment of the first Division 1 men's and women's golf teams in school history in 2020. He will provide a seven-figure sponsorship for a six-year plan starting from the 2020-21 golf season. Howard University has mostly black students, and Curry hopes to use this to increase the visibility of minorities in golf. "I hope to change the image of golf and make it a sport that can be participated by ordinary people and non-rich people," Curry said, "My goal It allows children to attend Harvard University with golf scholarships.”
The most cutting-edge investment thinking
In addition to his precise vision, Curry also has a broad investment vision, and will soon expand into the fields of cryptocurrency and blockchain. In September 2021, Curry entered cryptocurrency and became a rookie, and asked netizens on Twitter for any suggestions. This also attracted cryptocurrency tycoons including Michael Saylor, Charles Hoskinson and others to rush to give suggestions.
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A few days later, Curry announced that he would become the global brand ambassador of FTX, a cryptocurrency trading platform valued at 18 billion. He also invested money to become a shareholder and facilitated the cooperation between FTX and Warriors to launch more NFT collectibles. Curry also recommended many teammates and players to use it. "With the easy-to-understand interface and the trendy cooperation model, I think this will be an excellent cooperation." According to news from the American blockchain circle, Curry and Sho and Ohtani are among the brand ambassadors. Remuneration for cooperation will be paid in the form of cryptocurrency.
FTX founder Sam Bankman-Fried, nicknamed "SBF", said in an interview that sports fans are twice as likely to understand cryptocurrency as non-sports fans, and younger avid fans are more than three times more likely to actually participate and invest in actions. The power is far beyond that of ordinary people, and the craze caused by NBA Top Shot has proven it. In addition to cooperating with Curry, FTX has also reached a 19-year title sponsorship agreement with the Miami Heat for 135 million. They will engrave their golden signature on the FTX Arena, the home stadium of the Heat. They are also expected to assist the Heat in promoting a series of cryptocurrency activities.
In addition to cryptocurrency, Curry has also entered the field of NFT (non-fungible tokens) and spent 180,000 on one of the hottest projects "Bored Ape Yacht Club". His younger brother Seth Curry is not to be outdone. The Lazy Lions NFT he purchased is on par with his brother’s. “We are all very optimistic about the value of NFT, which has immeasurable value for Internet celebrities, creators and athletes.” Curry said, “Of course they are still in the experimental stage, but I think it would be a good choice to go in and experience it first.”
However, in fact, Curry began to pay attention to cryptocurrency and NFT projects as early as 2018. In 2018, the cryptocurrency Ethereum game CryptoKitty cooperated with Curry to launch exclusive characters, becoming the first to have its own exclusive character in the cryptocurrency market. Celebrities in character.
The blockchain sandbox game Decentraland announced at the end of 2021 that it would cooperate with Curry and his sponsor Under Armor to launch "Genesis Curry Flow", which was inspired by Curry's special sneakers that broke the three-point shooting record to generate NFT. It is expected to be launched at Gala Games, Sandbox and Decentraland, the three most popular decentralized sandbox game platforms, can be used.
Curry himself will also launch his first NFT "2974 Series", which is created by two art creators a_mcdonald17 and FloydNormanDoc. The 2974 series mainly depicts Curry's four major three-pointer records and will also include Curry's digital signature. The current price of 2974 series NFT has more than tripled, and Curry also donated all proceeds to charity.
According to reports, Curry currently holds a total of 163 series in the NFT field, totaling more than 200 NFT collectibles, with a total value of approximately US$390,000. Among them, the three most valuable NFT series are Boring Ape, Rumble Kong League, and UselessCryptoSeats. Curry predicts that collection will be the main purpose. “I regard collecting NFT as a social and information exchange field, where I can interact with some powerful people. Communicate and get interesting information," Curry said.
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