How an investor who works with young athletes like Joe Burrow and Trae Young advises them on how to grow their wealth
Athletes have backed about half of the firm's roughly $140 million in investments since 2018.
He founded in 2018 the company, Patricof Co. The firm has invested roughly $140 million so far. About half of each $10 million to $20 million deal has been backed by athlete clients. The rest comes from top-tier funds, company partners, a group of family offices and high net-worth individuals, and Patricof himself.
The firm has exited three of its 23 investments, including one in Cholula that brought in about a 3x return, according to the company. Patricof Co. has invested in the food and beverage, travel, and evenPatricof said working with younger athletes also makes sense for brands, which want long-term deals with relevant and successful players. He said his firm gets more room to invest in those companies because of his younger client base.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Seeking nominations for the top angel investors in the creator economyInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Baca lebih lajut »
I visited Costco in Kyoto while vacationing in Japan. See inside.I visited Costco on my vacation to Japan. I was surprised to find a 48-piece sushi platter and bulgogi bake — and I even got a free sample of booze.
Baca lebih lajut »
Instacart cuts base pay for drivers to $4 per order from $7Instacart just slashed pay for delivery drivers — from a minimum of $7 per order to $4. Now they're more reliant on your tips.
Baca lebih lajut »
Shopify's quiet layoffs as workers fear more cuts amid AI pushShopify has conducted quiet layoffs in recent weeks. Big AI plans have workers worried a larger cut is on the way.
Baca lebih lajut »
The 5 best and worst states to retire in 2023, rankedInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Baca lebih lajut »
DoubleVerify to acquire European AI adtech firm Scibids in $125 million dealInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Baca lebih lajut »