Stephen Curry’s teammate, Omri Casspi, went from winning an NBA championship to starting a $50 million early-stage venture capital fund.
There’s something special about winning in the NBA and then dominating the corporate world. While the cases are few, there are still plenty of them.
Many NBA players go from NBA millions to bankruptcy, but for some, the transition to entrepreneurship couldn’t be easier. There is something wonderful about applying yourself and using transferable skills.
Just ask former NBA official and Golden State Warriors player Omri Casspi. While his NBA career was by no means prolific, he has had a stellar career in technology.
Yes, the NBA veteran and captain of Israel’s national basketball team has always been actively involved in the startup scene. Especially in his country of origin. In fact, he was one of the earliest investors in companies like DocuSign and DayTwo.
He is now looking to go a step beyond active investing by launching his early stage investment fund, Sheva!
Also Read: Despite Losing $19.4 Million, Steph Curry Put Millions On The Line To Start SC30 Inc
Omri Casspi, the first Israeli NBA player, is launching a $50 million fund that focuses on early-stage startups.
“Sheva”, which already has fintech and web3 companies in its portfolio, intends to invest $1M-$2M in 20 different companies, for @Forbes. pic.twitter.com/L4TAyhSqsq
— Boardroom (@boardroom) May 2, 2022
Stephen Curry teammate Omri Casspi’s new $50 million fund is set to take the Israeli startup scene by storm.
Casspi says he is inspired by the drive and ambition of basketball players and tech startups. A wavelength that they share according to him.
After 16 years in the NBA, his decision to assimilate into the culture of technology is nothing new, after all, he was in Silicon Valley if only for a short period of time.
Casspi and his company have a simple goal. They will invest approximately $1 million in pre-seed, seed, and Series A startup investments. Whether or not it will work out in their favor is another story.
However, given Casspi’s knack for finding the right investment and his core belief that he can identify the right kind of founders, he may be a game changer.
Rarely do we see NBA players making such a high-profile transition, but we think given Omri’s leadership skills, he can earn his teeth with the best of the best.
Stephen Curry would be proud.
Also Read: 6’5″ Dell Curry Fed A Baby Steph Curry Burger King When Asked What It Takes To Be An NBA Player
