It’s not uncommon for athletes to invest in other companies while they are playing or still in their prime. But it’s rare for their investments to match the stature of the talents who invested in it.
All of you know him, but if you don’t know him, he is Patrick Mahomes. He is the quarterback of the Kansas City Chiefs, who is set to become the first ever quarterback to start in the NFL All-Star game without having won a Super Bowl. Mahomes signed a mega-deal to stay with the Chiefs in 2018, making him the highest-paid quarterback in the NFL.
The Baseball star Patrick Mahomes and basketball star Kevin Durant have invested in a company called “Bounce Exchange”, which specializes in paying for small deposits of cryptocurrency. The idea is that the two could use the money to buy up cryptocurrencies that are currently held in wallets, and then sell them off at higher prices. The company is now worth over $3.6 billion, with Mahomes and Durant reportedly being worth $1.5 billion each.
“If you don’t figure out a method to earn money while sleeping, you’ll be working until you die.”
Warren Buffet, a billionaire, understood the value of investing and diversifying one’s financial portfolio. Many working-class individuals engage in it in order to build long-term wealth for themselves and their family.
Patrick Mahomes and Kevin Durant, both former MVPs, have followed this advise and diversified their investments.
Mahomes and Durant are among the players who have invested in Whoop, a human performance business that manufactures fitness monitors that measure movement, sleep, and exercise data. Whoop now has a value of $3.6 billion after the current round of funding.
Patrick Mahomes and Kevin Durant were early investors in Whoop.
WHOOP is now valued at $3.6 billion after raising a $200 million Series F backed by SoftBank.
What’s the most intriguing part?
Kevin Durant and his business partner Rich Kleiman put $60 million into the company.
For the @35Ventures crew, that’s a 60x markup. pic.twitter.com/TxyHgl8gMd
30 August 2021 — Joe Pompliano (@JoePompliano)
In October 2020, Mahomes became a Whoop investor. The transaction comes only a few months after the 25-year-old bought a piece of the Kansas City Royals in July.
When the value was $1.2 billion, the Kansas City Chiefs quarterback invested, doubling his money in less than a year. Durant, on the other hand, has reaped the benefits of Whoop’s recent revaluation.
Through his investment company Thirty Five Ventures, the Brooklyn Nets forward invested in Whoop in 2017. When KD became an investor in Whoop, which was founded in Boston in 2012, it was only worth $60 million.
Aside from Whoop, Durant has hit gold with a number of other ventures. One of them was the stock-trading platform Robinhood, which was valued $1.2 billion when Durant invested in 2017. Robinhood was valued $32 billion when it went public in July 2021.
During the NFL season, Mahomes was a part of a major Whoop research.
Mahomes was an outspoken fan of Whoop before deciding to invest. He was so concerned that he agreed to take part in a research to examine how the NFL season affected his physique.
The research tracked Mahomes from Week 1 through the Super Bowl, looking at how his recuperation, stress, and sleep were impacted by the season. He wore the Whoop Strap 3.0 every day, with Whoop monitoring, among other things, how his strain on gamedays affected his recuperation on off-days.
Of course, Mahomes saw the consequences along the road.
On an edition of the Whoop Podcast, Mahomes stated, “[checking my recovery score is] the first thing I do when I get up.” “I glance at it to see how I’m feeling, how my body is feeling, and where I’m at. It’s usually a very decent score if I’m feeling relatively relaxed.”
While Mahomes was the study’s face, he wasn’t the only NFL player who wore the band. In 2020, Whoop was named the NFLPA’s Officially Licensed Recovery Wearable. As a result, all active gamers received a Whoop Strap 3.0.
After the deal was revealed, Mahomes remarked, “I’ve had my Whoop for months and I love it.” “Whoop has given me a fresh perspective on my own training and health.”
Whoop is backed by a number of well-known athletes.
The PGA Tour was one sport that gave out Whoop bands to its players in order to keep track of COVID-19 symptoms. | Patrick Smith/Getty Images
Whoop became recognized in 2020 as a tool for combating COVID-19 as well as a fitness tracker. The PGA Tour, for example, purchased and distributed 1,000 smart bracelets to help players identify symptoms.
Multiple sportsmen joined Durant and Mahomes as investors in the business when it proved to be beneficial for fitness, health, and safety during the epidemic. Former New York Giants quarterback Eli Manning, veteran Arizona Cardinals receiver Larry Fitzgerald, and PGA players Rory McIlroy and Justin Thomas were among those in attendance.
After his investment was revealed, McIlroy stated, “I’ve always liked Whoop the product, but I discovered that Whoop the company was just as amazing.” “I’m honored to be participating in this round of funding again, and I’m extremely optimistic about the company’s prospects.”
Athletes have chances to earn money even after their careers have ended. Two sportsmen, Kevin Durant and Patrick Mahomes, have taken this to heart.
RELATED: Aaron Rodgers’ Multimillion-Dollar Investment
Patrick Mahomes and Kevin Durant are two of the best players in the NFL. If you weren’t living under a rock, you probably already know that. However, you might have missed that both players have been named investors in a startup that is expected to reach a value of more than $3.6 billion.. Read more about patrick mahomes nickname and let us know what you think.
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