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How Magic Johnson Went From NBA Legend to Billionaire | The Deal
Bloomberg Originals· 2025-06-11 22:00
Partnerships & Mentorship - Valuing partnerships and demanding excellence are key principles [2] - Mentorship plays a crucial role in business success, exemplified by the relationship between Magic Johnson and Alex Rodriguez [7][8][9] - Choosing partners who can expand one's knowledge and provide mentorship is essential [25] Deal Making & Investment Strategies - Movement to ownership is a significant aspect of Magic Johnson's deal-making [10] - The Starbucks deal was seminal, providing a stamp of approval and track record for future ventures [15][20][21] - Securing institutional capital, such as $50 million from CalPERS, is vital for sustainability and growth, requiring demonstration of over-delivery and profitability [21][22] - Focusing on urban America can be a profitable business strategy [18][20] - Larger deals are more efficient in terms of time investment, as advised by Ron Burkle [45] - Gut feeling is important in deal-making, alongside data analysis [43] Sports Ownership & Team Management - The Washington Commanders deal is considered the greatest deal, highlighting the importance of local ownership and a winning environment [11][13][33] - Having a 3-5 year plan, strong player relationships, and accountability are crucial for franchise success [30][31][32] - Changing the environment and addressing player concerns are important steps in improving a team [34] - Athlete-turned-owners can connect with players on a different level due to shared experiences and respect [39][41] Personal Growth & Impact - Giving back and making an impact are as important as making money [53]
NBA Star Tristan Thompson TURNED DOWN $32B in Bitcoin
Cointelegraph· 2025-06-03 18:40
But I truly believe that there's going to be a point in time where Bitcoin will be a million dollars, right. So look at Bitcoin guys like the LeBron James and you look at Ethereum Steph Curry, then Salana is the Kevin Durant, right. All those people are important for the business of basketball.Don't start saving when the when the show is over. You want to save when in the peak of your career where you're making all this big money. All right, we're back at Bitcoin 2025.I'm here with Tristan Thompson. You guy ...