![]() ![]() Venture capital yields astronomical returns for the few “unicorn” investors, but the reality is that the asset class is highly risky and illiquid, and no celebrity is spared from the downside. Other celebrities such as Justin Timberlake have not been so lucky with their investments - one of his bets included a buyout of MySpace. For example, well-known actor Ashton Kutcher has made extremely successful bets in Airbnb and Uber, and is recognized for his business acumen. Instead of a brand-name MBA or Wall Street expertise, they have a name brand, talent, and social media cachet that can empower them to add distinct value to the companies that they invest in. ![]() After all, who wouldn’t want to own a piece of the next Facebook or Snapchat?Ĭelebrities investors are a clear foil to the typical VC pedigree. ![]() The financial returns so highly publicized in the media have everyone in a tech investing frenzy. In recent years, celebrities - everyone from athletes (Kevin Durant) to rock stars (Bono) to rappers (Jay-Z) to actors (Leonardo DiCaprio) to models (Tyra Banks) - have become increasingly interested in investing in tech startups. Adventure Capitalists: the Rise of the Celebrity Startup Investor ![]()
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