4 ms·

Former NBA Star Jamal Mashburn Launches Venture Capital Firm

32 points by wh-uws 13y ago

davidsmith8900 13y ago
- Im glad that athletes are finally smartening up.
- melling 13y ago
  Magic Johnson is quite the entrepreneur. He's worth $500-$700 million. http://en.wikipedia.org/wiki/Magic_Johnson_Enterprises http://en.wikipedia.org/wiki/Magic_Johnson_Enterprises http://en.wikipedia.org/wiki/Magic_Johnson http://en.wikipedia.org/wiki/Magic_Johnson I'm sure there are others but he's one of the most famous.
  - yannickt 13y ago
    Shaq is no slouch in terms of business savvy either.
    - w1ntermute 13y ago
      Not to mention his doctoral degree in education.
  - ujsfdo 13y ago
    has AIDS tho
antonius 13y ago
It's nice to read about an athlete doing well financially in their retirement. With 60% of NBA players filing for bankruptcy[1] after retiring, kudos to Jamal Mashburn for being a success. [1] - http://bleacherreport.com/articles/1085063-the-9-most-financially-irresponsible-players-in-nba-history http://bleacherreport.com/articles/1085063-the-9-most-financ...
- kevinthew 13y ago
  This actually offends me that you called him Jamal Washburn. It's Jamal Mashburn, and you're conflating him with Chris Washburn who actually did go broke.
  - antonius 13y ago
    I'm sorry that you're so easily offended. Wasn't my intent to misspell the name. Original comment has been edited.
  - w1ntermute 13y ago
    Washburn is actually doing quite well now: http://www2.hickoryrecord.com/news/2012/apr/08/4/washburns-redemptive-road-back-hickory-ar-2139342/ http://www2.hickoryrecord.com/news/2012/apr/08/4/washburns-r...
brianbreslin 13y ago
Where is this fund based? Says Florida, but where?
- w1ntermute 13y ago
  Since he used to play for the Heat, I would guess Miami.
beachstartup 13y ago
for an interesting perspective on the extreme opposite end of the pro-athlete-financial-responsibility spectrum, check out the highly entertaining (even if a bit sloppy) documentary 'broke' by 30 for 30 (espn). http://movies.netflix.com/WiMovie/30_for_30_Broke/70239460 http://movies.netflix.com/WiMovie/30_for_30_Broke/70239460
ChuckMcM 13y ago
It seems that if you are publicly wealthy you are going to get 'pitched' pretty much regardless. I am always impressed by folks who are "rich" and do their homework. And of course being a tech guy, watching these multi-million dollar 3 - 5 year deals that sports players get, I do my share of "If I could open a fund with $15M these are the areas I'd put my money into." sort of arm chair VC'ing. Living with some of the folks in college who would later go on to be "big stars" in the NFL it was clear that some were thinking ahead, even then, and some were winging it :-).
- EricDeb 13y ago
  I imagine there's a positive correlation between 'winging it' and being a successful professional athlete - over-thinking is severely detrimental to performing under pressure.
- rhizome 13y ago
  Then again, MC Hammer.

32 points by wh-uws 13y ago

davidsmith8900 13y ago

- Im glad that athletes are finally smartening up.

melling 13y ago
Magic Johnson is quite the entrepreneur. He's worth $500-$700 million. http://en.wikipedia.org/wiki/Magic_Johnson_Enterprises http://en.wikipedia.org/wiki/Magic_Johnson_Enterprises http://en.wikipedia.org/wiki/Magic_Johnson http://en.wikipedia.org/wiki/Magic_Johnson I'm sure there are others but he's one of the most famous.
- yannickt 13y ago
  Shaq is no slouch in terms of business savvy either.
  - w1ntermute 13y ago
    Not to mention his doctoral degree in education.
- ujsfdo 13y ago
  has AIDS tho

antonius 13y ago

It's nice to read about an athlete doing well financially in their retirement. With 60% of NBA players filing for bankruptcy[1] after retiring, kudos to Jamal Mashburn for being a success. [1] - http://bleacherreport.com/articles/1085063-the-9-most-financially-irresponsible-players-in-nba-history http://bleacherreport.com/articles/1085063-the-9-most-financ...

kevinthew 13y ago
This actually offends me that you called him Jamal Washburn. It's Jamal Mashburn, and you're conflating him with Chris Washburn who actually did go broke.
- antonius 13y ago
  I'm sorry that you're so easily offended. Wasn't my intent to misspell the name. Original comment has been edited.
- w1ntermute 13y ago
  Washburn is actually doing quite well now: http://www2.hickoryrecord.com/news/2012/apr/08/4/washburns-redemptive-road-back-hickory-ar-2139342/ http://www2.hickoryrecord.com/news/2012/apr/08/4/washburns-r...

brianbreslin 13y ago

Where is this fund based? Says Florida, but where?

w1ntermute 13y ago
Since he used to play for the Heat, I would guess Miami.

beachstartup 13y ago

for an interesting perspective on the extreme opposite end of the pro-athlete-financial-responsibility spectrum, check out the highly entertaining (even if a bit sloppy) documentary 'broke' by 30 for 30 (espn). http://movies.netflix.com/WiMovie/30_for_30_Broke/70239460 http://movies.netflix.com/WiMovie/30_for_30_Broke/70239460

ChuckMcM 13y ago

It seems that if you are publicly wealthy you are going to get 'pitched' pretty much regardless. I am always impressed by folks who are "rich" and do their homework. And of course being a tech guy, watching these multi-million dollar 3 - 5 year deals that sports players get, I do my share of "If I could open a fund with $15M these are the areas I'd put my money into." sort of arm chair VC'ing. Living with some of the folks in college who would later go on to be "big stars" in the NFL it was clear that some were thinking ahead, even then, and some were winging it :-).

EricDeb 13y ago
I imagine there's a positive correlation between 'winging it' and being a successful professional athlete - over-thinking is severely detrimental to performing under pressure.
rhizome 13y ago
Then again, MC Hammer.