It’s seems that David Lee will be playing again in the Bay Area, except this time will be off the basketball court, but not too far from his beloved Warriors. The former Golden State power forward said in an interview that he has received an invitation to join a Venture Capital firm, and Axios reported that the VC firm will be Social Capital, led by Warriors minority owner Chamath Palihapitiya.
“I got a call from a couple of my very good friends that I met while I was a Golden State Warrior, that run an unbelievable venture capital firm and are doing incredible things in the Bay, and offered to have me come work for them,” Lee told NBC Sports Greg Papa. “I decided to roll the dice and to try something new and I’m really excited about my decision.”
David Lee pursuing a career in venture capitalism will not be a strange tale in the Bay Area. Former team mates Stephen Curry and Andre Iguodala are investors in the portfolio of VC firm Andreessen Horowitz. The movement will only strengthen ties between professional athletes and startups, and it says as much about the tech industry as it does about pro-players diversifying their investments thinking in the life outside the courts and game fields.
“This is the next step for athletes,” said Iguodala to Bloomberg last August. “The scene for endorsements is going to change drastically. It’s not just take a check and put your face and name on something”.
Neither Social Capital or Lee have confirmed the report from Axios, but the involvement of other athletes in VC firms in the Bay Area make it possible for the recently retired player to join close acquaintances in a company that has companies like Slack, Bustle, Wealthfront, and Sprig in its portfolio.