NBA Legend Andre Iguodala Announces Retirement, Embarks on Next Chapter as Venture Capital Powerhouse

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Oct 23, 2023, 14:00 ET

SAN FRANCISCO, Oct. 23, 2023 /PRNewswire/ -- One of the NBA's most iconic players, Andre Iguodala, has officially announced his retirement after a legendary 19-year career. Iguodala, best known for his remarkable tenure with the Golden State Warriors, is transitioning from hardwood success to boardroom brilliance. His next chapter focuses on MOSAIC, a $200 million venture capital fund he recently raised in partnership with his long-time business partner, Rudy Cline-Thomas.

Not just an NBA Champion, but a champion in the venture capital world, Iguodala has been pivotal in redefining how athletes approach business. "When I initially went out to the Bay Area, it was my intent to have success on and off the court," stated Iguodala. And succeed he did. He's been instrumental in meetings with major venture capital firms and has made successful investments in companies like Zoom and Cloudflare.

His new venture, MOSAIC, will focus on seed- and early-stage investments across various sectors such as enterprise software, fintech health care, and sports companies. Already, Iguodala and Cline-Thomas have secured investments for innovative companies like Vessel and Athletes First. "I'm not only focused on backing the best early stage founders, but also obsessed with changing the representation of minorities in the industries we're investing in," stated Andre.

But Iguodala's business aspirations don't stop at venture capital. Already a co-owner of global sports franchises, including Leeds United and the San Francisco branch of TGL (Tomorrow Golf League), Iguodala hints at the possibility of owning an NBA team in the future, stating, "The timing has to be right, but that's definitely the ultimate goal."

On the creative front, fans can still stay connected with the NBA star through his podcast 'Point Forward', a top-ranking sports podcast he co-hosts with former teammate, Evan Turner.

In reflection on his illustrious career, both on and off the court, Iguodala shared, "It's been a blessing to play for that long. I don't know if it's actually hit me yet." As the NBA says farewell to one of its legends, the business world welcomes a visionary.

About Andre Iguodala:

Andre Iguodala boasts a stellar 19-year NBA career, with significant achievements such as four-time NBA Champion with the Golden State Warriors, former All-Star, NBA Finals MVP, and two-time Olympic Gold Medalist. Beyond basketball, he's been at the vanguard of venture capital since 2010, with investments spanning over 50 companies. He co-founded MOSAIC, placing an emphasis on diversity, financial returns, and social impact. Iguodala also penned a New York Times Best Selling memoir in 2019, "The Sixth Man", and co-hosts with Point Forward Podcast with Evan Turner.

About MOSAIC General Partnership:

MOSAIC is a $200M early-stage venture fund focused on enterprise, fintech, healthcare and sports companies. We're not only focused on backing the best early stage founders, but also obsessed with changing the representation of minorities in the industries we're investing in. https://mgp.vc/

SOURCE MOSAIC