Jay Patel’s Post

The NBA finals are up and running but who’s winning, the Boston Celtics or Private Equity? Did you know that 20 out of the 30 teams in the National Basketball Association (NBA) have a PE connection? They are valued at an estimated $74.2 billion. Here’s a look at the Celtics in more detail... A large group of investors bought the Boston Celtics for $360 million in 2002. Its ownership is a who's who of private equity and venture capital, including former Bain Capital managing partner Stephen Pagliuca, TPG co-founder David Bonderman, and Silver Lake co-founder Glenn Hutchins. What are the Celtics worth now? $4.7 billion as of October 2023. Give it another few weeks and 3 more wins and that figure might well be far north of $5.0 billion! #BostonCeltics #NBA #PrivateEquity #Sports #Investing

At Carta, we’re dedicated to simplifying and optimising fund administration through our tech-enabled platform and we’re honored that The Players Fund has placed their trust in us to help support their continued growth and success. More info on the Players Fund below… 🚀 The Players Fund is pioneering a new model of venture capital that uniquely empowers athletes as informed, value-adding investors, while prioritising humility and a deep understanding of our place in the wider venture ecosystem. As the UK and EU's first athlete-led VC fund, they are on a mission to democratise access to premium deal flow for elite sportspeople across football, cricket, rugby, NBA, NFL, tennis, golf, athletics and more. "At The Players Fund, we're not just seeking to back the next generation of groundbreaking startups; we're cultivating a thriving, knowledgeable community of athlete-investors poised to make a lasting impact in the world of technology and innovation, all while maintaining a humble and collaborative approach within the venture capital landscape." Thanks to Fergus Bell, Ruari Bell, George Burrough and the rest of the Players Fund team. We’re looking forward to building on our strong partnership and supporting their innovative, athlete-backed, UK fund operations as they continue to deploy capital globally. #ThePlayersFund #FundAdministration #AthleteEmpowerment

🔮 Q1 2024. The LOWEST number of Series As in one quarter in a decade. This will: 📍 Dampen early-stage GP's ability to show markups 📍 Make follow-on/bridge funding choices harder 📍 Make raising the next vintage more challenging It's good for the asset class overall. The net result should be that the highest quality founders and GPs get funded. #VC #venturecapital

Andre Iguodala's business empire is a slam dunk. But his origin story is a rags-to-riches tale that will blow your mind. 🤯 After nearly two decades in the National Basketball Association (NBA), the basketball icon is stepping away from the court. Not to retire, but to focus on his sprawling business and investment empire. He recently raised a $200 million fund for his venture capital firm Mosaic General Partnership. And that is just the tip of the iceberg. Iggy has made a string of investments throughout his career, backing companies like Zoom and sports teams like Leeds United. And he's ready to pick up the pace in retirement. Highlights of his business empire include - Mosaic General Partnership: $200 million VC fund he co-founded to invest in early-stage startups - Zoom: Early entry into the videoconferencing software business - Bay FC: Backed the new NWSL team kicking off in 2023 - Leeds United: Invested in English Premier League club - Coinbase: Early backer of crypto exchange platform - TGL SF: Co-invested in Tiger Woods' innovative golf league With Mosaic and more, Iggy is gearing up to aggressively expand his business reach even after hanging up his boots. From baller to business mogul, his off-court hustle is just getting started. Andre Iguodala's next move? Total commercial domination. #NBA #VentureCapital #AndreIguodala #SportBusiness #SportBiz

🌟 Had an amazing time connecting with like-minded entrepreneurs! The highlight of the event was chatting about TechAthletic™ and exchanging valuable tips and tricks. It’s so inspiring to share insights and learn from each other! 💡🤝📈 🏈 #Networking #Entrepreneurship #TechAthletic

We are proud Erez Capital to join the seed round for our first #proptech investment in RealReports. They have a powerful generative AI tool "Aiden". I am a paying subscriber and believe anyone who works in real estate, owns a home or is shopping for a home should sign-up. #AI #realestate #generativeAI

Interesting discussion with Dave McClure, Jason Calacanis, Jordan Stein & David Weisburd with useful perspectives on #portfolioconstruction, #followons, #secondaries, etc for #emergingfundmanagers in #vc

I am honored to be featured in Venture Forward’s "Hispanic Heritage Month: 11 VC Investors to Watch" alongside incredible leaders in venture capital. It’s inspiring to see diversity and representation in the industry as we continue to support innovative companies driving meaningful change.   Check out the full feature here: https://lnkd.in/ddH2Qg44   #HispanicHeritageMonth #VentureCapital #DiversityInVC #StrayDogCapital #ImpactInvesting

Thanks to Venture Forward for highlighting Marcos Gonzalez as one of eleven VC investors to watch in honor of #HispanicHeritageMonth. Check out the full list of investors below!

WHAT IS DELAWARE FLIP? No, it's not an outstanding gymnastics move you have seen during the Paris Olympics. It's a strategic approach for UK tech scale-ups that want to tap into the US capital markets. As the funding landscape tightens, many are choosing this route to attract larger investments from US-based investors. How does it work? The process involves creating a new Delaware-based holding company with existing UK shareholders exchanging their shares for the US entity. For further information, please contact Simon Halberstam (simon.halberstam@smb.london). #Investment #SMB #DelawareFlip #Scaleups