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Savvy Investor Andre Iguodala Regrets Not Putting More Money Into Zoom Platform
- Updated: April 29, 2020
Iguodala invested in the platform, which offers cloud-based conferencing, in 2018, when he was still a member of the Golden State Warriors.
Due to the coronavirus pandemic, the number of users (both paid and free) has surged from 10 million at the end of 2019 to over 300 million this month, numbers that definitely caught Iguodala’s attention.
“Why didn’t I put in more money,” Iguodala lamented with a laugh. “That’s one of the few companies that became a household name, a staple name.”
Hindsight is always 20/20, but Iguodala’s careful investment strategy has seen him invest in a wide variety of technology-based businesses. Not putting all his financial eggs in one basket helps drop the level of risk.
“All my investments are pretty standard in range and terms,” Iguodala said. “The earlier you invest, the less you invest because of the risk involved. As you get later, the checks get bigger.”
Iguodala has definitely been one of those 300 million users during the NBA shutdown, keeping in touch with most of his Heat teammates and taking part in online activities with them to stay in shape.
“We’re doing all that through our Zoom workouts,” Iguodala said.
Having the ability to establish bonds with teammates was one reason why the Heat made such an effort to acquire Iguodala from Memphis in February.
Prior to the NBA’s suspension of play on March 11, Iguodala had only played in 14 games for the Heat. During that time, he averaged 4.4 points, 3.8 rebounds and 2.0 assists per game.
Numbers like that won’t win an NBA title on their own, but Iguodala is infusing a championship attitude in the Heat after having been a part of three Golden State title teams since 2015.
Iguodala’s finances appear to be in good shape, even if his Zoom investment isn’t as high as he’d like. That means he can put all his energies into boosting the fortunes of the Heat, an investment that he and the organization hope will pay off soon.