• Loading stock data...
Saturday, June 15, 2024

Master & Dynamic Becomes Latest Equity Partnership for Kevin Durant

Kevin Durant Master & Dynamic
Photo Credit: Troy Taormina-USA TODAY Sports
Photo Credit: Troy Taormina-USA TODAY Sports

Kevin Durant continues to collect a diverse array of investments and equity partnerships, most recently in the audio world.

Durant’s Thirty Five Ventures recently announced it became an equity partner of Master & Dynamic, adding to a portfolio that includes Postmates, Acorns, Overtime, Coinbase  and the ESPN+ show “The Boardroom.”

Durant, along with business partner Rich Kleiman, became attracted to the brand due to its technology and luxury design.

READ MORE: Champ Bailey Uses Bailey Companies to Corner the Business World

“Master & Dynamic has been elevating the audio game since they launched in 2014 and I felt that they were a company I had to get involved with,” Durant said in a release. “Music is such a huge part of my life that their products have become an important part of my day-to-day and I’m looking forward to some amazing collaboration between our teams.”

The relationship started as Kleiman’s family friend introduced Durant to the brand and Durant saw the potential in the products. The company could not yet afford Durant as a brand spokesperson, but Kleiman and Durant saw the fit with what they are building at Thirty Five Ventures.

“They were open to partnering on a major level, creatively and building the overall business,” Kleiman says. “It’s one of the key investments we’ve made that works across all verticals.

“It’s something Kevin himself is very gung-ho to move the needle on and something you’ll see more of, it’s not just checking the box on an investment list.”

[mc4wp_form id=”8260″]

A special edition of “Studio 35” colorway of the company’s MW65 Active Noise-Cancelling Wireless Over-Ear Headphones will be launched and Durant and Thirty Five Ventures will continue to have the ability to help influence the company as it builds into the intersection of sport and music.

“The more time I spent with Kevin and the Thirty Five Ventures team, the more I realized how Kevin’s deep love of music and technology and approach to his craft – basketball – mirrors that of Master & Dynamic: Concentration, focus, and a tireless and dynamic pursuit of mastery,” says Jonathan Levine, founder and CEO, Master & Dynamic. “And he does this based on his own internal drive rather than a need to impress the world.”

Thirty Five Ventures stemmed from Durant’s desire to be more than a basketball brand persona. The business was started in 2017 and ranges from content production to investment portfolio to the Kevin Durant Charity Foundation.

“We didn’t set out to build a media business, studio, investment portfolio, but we knew wanted to create an enterprise, be entrepreneurs and do something that was ours, a myriad of everything,” Kleiman said. “Kevin is truly the force behind the business we’re building, not the face.”

Durant is one of many athletes now venturing further into equity partnerships, which Kleiman says is a result of athletes realizing they should utilize their larger-than-life brands with authenticity and building something they’re connected with. This formula is priceless and not solely about the money.

READ MORE: Nike’s KD 12 An Exercise In Innovation, Teamwork

The strategy behind Thirty Five Ventures’ business development depends on the project. For investments, there is a small team, including Kleiman and Durant, who analyze deals to determine if it is a worthwhile venture. Some deals the duo acts as passive investors, while on others, they look to dive all the way in as partners, as is the case with Master & Dynamic.

“We’re investing in early stage companies for the most part,” Kleiman says. “Some companies, like Postmates, you see obvious synergies. Some are CEOs we connect with on an incredible level personally and believe in what they’re building.”

Whether it’s turning “The Boardroom” into the preeminent cultural sports business show or building brands Durant can be proud of, he’s working both on and off the court to cement his legacy. Master & Dynamic is the latest piece of the puzzle.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Jan 13, 2021; Washington, DC, USA; The U.S. Capitol Building is seen on Jan. 13, 2021, one week after it was stormed by a pro-Trump mob while a joint session of Congress was certifying the 2020 election victory of President Elect Joe Biden.

House Committee Sends Bill Banning College Athlete Employment to House Floor

The bill has gone further than any other athlete compensation legislation.
May 10, 2024; Lake Forest, IL, USA; Chicago Bears quarterback Caleb Williams during a press conference before Chicago Bears rookie minicamp at Halas Hall.

Caleb Williams Launches Investment Firm Before Signing a Bears Contract

Williams announced 888 Midas for private equity, VC, and real estate deals.
Apr 13, 2024; Hartford, CT, USA; UConn Huskies head coach Dan Hurley greets fans as he arrives at the state capitol before the teams victory parade.

The Many Beneficiaries of Dan Hurley’s UConn Career Crisis

His return inadvertently helped the players, athletic department, and perhaps the conference.
podcast thumbnail mobile
Front Office Sports Today

How the US Open is Designed for Drama

0:00

Featured Today

Jan 3, 2022; Pittsburgh, Pennsylvania, USA; General view of the NFL shield logo signage before the Pittsburgh Steelers host the Cleveland Browns at Heinz Field.

Odds Stacked Against NFL in Multibillion-Dollar Sunday Ticket Trial

Why the class action trial does not look promising for the league.
Jan 7, 2024; San Francisco, California, USA; Toronto Raptors forward Jontay Porter (11) takes a three-point shot against the Golden State Warriors during the second half at Chase Center.
June 9, 2024

‘Bound to Happen’: The Age of the Sports Betting Scandal Has Arrived

A banishment, betting scheme, and guilty plea all in one scandal-filled span.
June 8, 2024

‘Experimental in Nature’: The Rapid, Confounding Rise of Streaming Bundles

Here’s why confusion continues to outweigh solutions in the streaming package boom.
June 2, 2024

The Nostalgia Market: Michael Jordan’s Memorabilia Remains Coveted, With Caveats

Due to scarcity, and sometimes, items’ undisclosed whereabouts, this world has limitations.

Everything You Need to Know About the Schism Rocking Competitive Eating

The business story about hot dogs that you never knew you needed.
June 12, 2024

Jerry West, Legendary NBA Player and Exec, Dies at 86

The NBA has lost its logo. 
June 13, 2024

Why Alexis Ohanian Thinks Women’s Track Is Ripe for Heavy Investment

The serial sports investor explains his plans for women’s track to ‘FOS.’
Sponsored

How HOKA is Reimagining the NIL Relationship

HOKA, the renowned athletic footwear and apparel brand, is betting on a new reality with NIL.
June 11, 2024

The ‘Impossible’ Happens: Joey Chestnut Out of Nathan’s Hot Dog Contest Over Brand Beef

The pro eating champion’s partnership with Impossible Foods is the culprit.
June 11, 2024

An Olympic Contender Explains How You Can ‘Lose Money’ In Elite Running

‘If you want to make money in this sport, it’s all about shoe deals. It’s all about getting sponsored.’
June 10, 2024

Clark’s Olympic Snub Ignites Debate, Reveals Complexities Beyond Court

Business and basketball goals are coming into direct conflict as a result of the much-debated decision.
A Premier League game.
June 7, 2024

The Highest-Paid Premier League Goalkeepers

André Onana tops the list, earning $10.4 million a year.