After an illustrious 19-season career in the NBA, Andre Iguodala is set to retire from professional basketball to run the venture capital firm Mosaic.
Iguodala, in collaboration with his longtime business partner Rudy Cline-Thomas, will take the helm at Mosaic, their venture capital fund with $200 million in assets, as reported by The New York Times’ DealBook. This move follows their initial foray into tech stocks in 2010 and their exploration of startup investments when Iguodala began playing for the Golden State Warriors.
Iguodala stated, “When I initially went out to the Bay Area, it was my intent to have success on and off the court. I thought about how to get access.” This access allowed him to secure stakes in companies such as Zoom and Cloudflare.
Mosaic, which concluded its first funding round in May 2023, is now primed to make seed and early-stage investments in various sectors, including enterprise software, fintech, healthcare, and sports. The fund has already invested in companies like Vessel and Athletes First.
While Andre Iguodala’s “ultimate goal” is to own an NBA team, he acknowledges that the timing needs to be right. In the meantime, he has been pursuing ownership opportunities in sports beyond basketball. In October 2023, Iguodala became a part of the ownership group for the San Francisco team in Tiger Woods and Rory McIlroy’s TMRW Golf League (TGL).
Notably, his former teammates, Stephen Curry and Klay Thompson, are also investors in TGL San Francisco, which is yet to announce an official team name.
