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Fission
@FissionXYZ
Powering Liquidity for the Next Generation of Private Funds
Joined August 2024
398 Following    4.4K Followers
Kevin Durant backed Hugging Face years before Nvidia's reported $12.9B acquisition. Between those two points: real value he couldn't touch, sell, or borrow against. Private markets are full of gains like this, locked until an exit arrives. Liquidity shouldn't require one.
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Kevin Durant and his business partner, Rich Kleiman, invested in Hugging Face's seed & Series A fundraising rounds. Nvidia just acquired the company for $12.9 billion, and since I'm told Durant invested $100,000 in the seed round and $150,000 in the Series A, he likely made more than $60 million on this investment alone. That is one of the best athlete investments ever (and more money than Durant will make playing in the NBA this season).
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