We’re used to seeing Andre Iguodala, the 6’6″ swingman, dominate the basketball court, but get ready to witness him transition his skills into the investing industry. The Philadelphia Business Journal announced that Iguodala will be joining the Comcast team as a venture partner for its Catalyst Fund located in San Francisco Bay. The news of Iguodala joining Comcast comes immediately on the heels of his trade from the Memphis Grizzlies to the Miami Heat.
The Catalyst Fund is designed to invest in African American, Latinx, and female founders. To date the fund has provided support to more than 70 startups by either directly investing or pairing with accelerator programs, according to its website.
Iguodala isn’t new to the world of investing. In fact he and his business partner, Rudy Cline-Thomas founded F9 Strategies. According to Bloomberg Business, the pair holds $25,000 to $150,000 worth of stakes in more than 25 startups including Walker & Co., Mayvenn, and more.
Iguodala highlights his investing experiences in his Catalyst Fund bio by spotlighting the 40 plus startups he has invested in over the years including brands like Allbirds, Casper, Carta, HIMS. Iguodala’s tech startup background doesn’t stop there. He has also severed on Jumia Technologies’ Board of Directors.
Amy Banse, Comcast Ventures’ managing director, took to her twitter to express her excitement over Iguodala joining the Comcast team.
His investment experience and network, coupled with his passion for supporting entrepreneurs from diverse backgrounds, is a perfect fit for the Catalyst Fund. https://t.co/5QUXa9M7wT
— Amy Banse (@abanse2) February 5, 2020
Iguodala is also thrilled about the opportunity to work with Comcast. The Philadelphia Business Journal reports his remarks:
“I have admired Comcast NBCUniversal’s commitment to invest in startups with founders who are typically underrepresented in the venture world,” Iguodala said in a statement. “Together, we have unique experiences and resources no other venture firm has to help founders grow their companies.”
Congratulations to Andre Iguodala and the Comcast Catalyst Fund. We’re excited to see the startups that will bloom from your partnership.