“I was hungry one day and Rich was like, “Yeah there’s this company that will bring you food from any restaurant. I asked him to call up there and see if we could get involved because we use shit like this on a day-to-day basis,” Durant tells ESPN’s Ramona Shelburne.
Little did Durant know that this genuine interest would land him a $15 million profit just four years later.
In 2016, Durant invested approximately $1 million into the food delivery business Postmates. Earlier this week, Uber Technologies acquired Postmates for $2.6 billion, flipping Durants initial investment to a now pocketed $15 million.
Most of that success stems from Durants business empire, Thirty Five Ventures which has allowed the 10-time All Star player the luxury of consistent investments and endorsements. Durant has invested more than $15 million into over 40 start up companies and organizations. It’s evident his Thirty Five Ventures staff is the best at what they do.
With it’s new all-stock purchase from Postmates, Uber is now the 2nd largest restaurant delivery service in the U.S by market share following DoorDash.