How Shaq’s Investments in Google, Lyft, and Ring Created a New Class of Venture Capitalists

Canada News News

How Shaq’s Investments in Google, Lyft, and Ring Created a New Class of Venture Capitalists
Canada Latest News,Canada Headlines
  • 📰 VanityFair
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 55%

Thanks to his fame and a chance babysitting gig, the NBA star built a portfolio of world-class start-ups long before they went public

gazes from his Ocean Resort Casino penthouse suite down to the seaside HQ2 dayclub with a mighty mix of satisfaction and anticipation. In a half an hour, he’ll be front and center downstairs at HQ2 in a relatively new role: DJ.

What Rock didn’t know at the time was that Shaq had already started building a portfolio that would one day include investments in Vitaminwater and Ring, as well as pieces of multi-billion-dollar companies like Google and Lyft, long before they went public. He was also launching a blueprint for athletes to create something previously reserved for team owners: generational wealth., by Zack O’Malley Grenburg.

By 2002, he had won three consecutive NBA championships with the Lakers and his career earnings had exceeded $100 million on the court. Along the way, he felt more comfortable taking smart risks when they arrived. And, like any successful investor, he had an important ally: luck.“I got into Google by accident,” he said. “I was in a restaurant playing with some kids.” The kids happened to belong to a high-profile investor whom Shaq declines to name.

“It was presented to me, I knew it was gonna hit,” he explained. “My only regret is that I wish I would have bought more.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

VanityFair /  🏆 391. in US

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon and Google are among companies telling workers to stay home amid coronavirus outbreakAmazon and Google are among companies telling workers to stay home amid coronavirus outbreakMany corporations in Silicon Valley and elsewhere are taking it upon themselves to help prevent spread of coronavirus by asking workers to perform their jobs remotely for the indefinite future.
Read more »

Google Assistant for Chromecast will grow its smart home presence - Business InsiderGoogle Assistant for Chromecast will grow its smart home presence - Business InsiderGoogle reportedly is working on a new generation of its Chromecast Ultra dongle with Android TV support and a remote that features Google Assistant.
Read more »

Google Bangalore employee tests positive for COVID-19: report - Business InsiderGoogle Bangalore employee tests positive for COVID-19: report - Business InsiderGoogle reportedly sent its Bangalore office employees home to work remotely after a worker there tested positive for COVID-19 and was put in quarantine
Read more »

Google is making a coronavirus information site to help find testing as more kits become availableGoogle is making a coronavirus information site to help find testing as more kits become availablePichai said employees asked about whether Verily could help in COVID-19 efforts.
Read more »

Google Is Creating a Site to Direct People to Coronavirus Test Locations, Trump SaysGoogle Is Creating a Site to Direct People to Coronavirus Test Locations, Trump SaysInternet giant Google is swinging into action to launch a site that will direct Americans to local retailers where they can get tested for coronavirus (COVID-19), President Trump said Friday. &822…
Read more »

Google Is Not Creating a National Coronavirus Testing Site as Trump ClaimedGoogle Is Not Creating a National Coronavirus Testing Site as Trump ClaimedUPDATED: Donald Trump claimed Google was assisting in the U.S. government’s efforts to address the coronavirus (COVID-19) outbreak by developing a site that would point Americans to locations…
Read more »



Render Time: 2025-03-10 08:50:29