Andre Iguodala Joins Miami Heat, Comcast Ventures on the Same Day

The 2020 NBA trade deadline was a big one for Andre Iguodala, and not just because the Memphis Grizzlies sent him to a contender. On February 6—the same day Andre was dealt to and signed an extension with the Miami Heat—Comcast Ventures announced that the three-time champion and former NBA Finals MVP with the Golden State Warriors would be coming on board as a venture partner with the Catalyst Fund.

As an offshoot of Comcast Corp’s venture capital division, the Catalyst Fund has backed more than 70 companies since 2011, with an eye toward supporting the work of African-American, Latinx and female entrepreneurs. Andre, too, has emerged as a serial venture capitalist of significant repute since entering the NBA as the No. 9 pick of the Philadelphia 76ers in the 2004 draft. Over the last nine years, the 36-year-old native of Springfield, Illinois has invested in over 40 companies across industries, including Allbirds, Casper, Datadog and Zoom.

“I have admired Comcast NBCUniversal’s commitment to invest in startups with founders who are typically underrepresented in the venture world," Andre said in a statement. "Together, we have unique experiences and resources no other venture firm has to help founders grow their companies.”

Andre spent more than six years in the San Francisco Bay Area, where Comcast Ventures is headquartered. Despite being under contract with the Grizzlies, he had remained in Northern California—with the Grizzlies' consent—until Memphis traded him to Miami.

 

Josh Martin is the Editorial Director of CloseUp360. He previously covered the NBA for Bleacher Report and USA Today Sports Media Group, and has written for Yahoo! Sports and Complex. He is also the co-host of the Hollywood Hoops podcast. Follow him on Twitter and Instagram.