Former NBA All-Star Baron Davis On His Entrepreneurial Journey, His Advise For Beginner Investors
Ex-NBA star Baron Davis has had entrepreneurial drives since he was in his teens. Since then, he has invested in various companies, funded his own tech startups way before startups were a thing, and still actively pursues ventures in tech, entertainment, and more. But how did he get started?
Even when he was still a junior in high school, Baron knew he would be destined to be a great baller. Having the entrepreneurial sprit already, he reached out to a basketball gear company that was run by his cousin and proposed an intriguing deal: he would wear and promote the company as he goes on to become a basketball star and in turn, they would give him 30% of the company. The deal did not work out as planned but Baron kept that spirit with him as he went on to college and later into the NBA.
In a recent discussion he had at an entrepreneur event in Los Angeles, Baron spoke about his drive to take risks, his tech startups, how he ended up as one of the investors of Vitamin Water, and his advise to new investors. We were there to capture it!
On Investing In Vitamin Water:
“…my season was over and I was hosting them [the team at Vitamin Water] in Vegas for the Bernard Hopkins fight at my house… and they came to me… and they were like you tell him, you tell him, and I was like, tell me what? They were like, we’re going to sign a rapper. I was like, who the f*** are you going to sign? He was like 50 Cent. I said, OH MAN….y’all about to be outta here! This is about to be….They’re like, are you sure? I was like hell yeah, do you know who 50 Cent is?”
RELATED: The Revolution Might Be Televised: A Conversation With Marvin Washington
On His Tech Startup, www.ibeatyou.com:
“I started a company ibeatyou.com in 2004. We got like a million uniques a month. It was a social network based on competition…it was cool, but we had timed the market wrong. When we needed to go raise money, the market had dried up, so you just learn about building startups.”
On His Investing Advise:
“If somebody says I need some money in the next 30 days or we’re closing our rounds in 2 weeks, run!”
Watch the full video above for more advise and stories!
WATCH: In Uganda, Blind Football Is a Ray of Sunshine
How can blind people play football (known as soccer in the US)? Let these Uganda players show you! Football is...
WATCH: The Harriet Tubman of Tiny House Living
For many, living in a less than a 500sqft house might seem impossible. For Jewel Pearson, it is the luxurious...
WATCH: Why Gang Violence Has Risen Since 2020
2020 was a very traumatic year for many reasons. One of those reasons is the rise of gun violence. In...
WATCH: Inglewood’s revitalization sacrifices longtime residents
Inglewood is believed to be one of California’s last black enclaves, but a new NFL stadium and an NBA arena...