Omri Casspi’s Billion-Dollar Tech Leap | Golden State Warriors News

SPEAKER_1 (0:00)

On September 8th, So, Omri Casspi, the first Israeli baller to hit the NBA back in 2009, hung up his sneakers in 2021

But instead of chilling, he jumped straight into the tech game. Using the cash he made and the connections he built during his 10 years in the league, especially with folks in the Bay Area, he launched a fund called Sheva in 2022 with $36 million and fast forward to 2024, and his investment platform, Swish Ventures, officially took over Sheva. Now, this whole operation is blowing up. Just this past September, they closed another round and the total value of what they're managing is sitting pretty close to a billion dollars. Casspi's move into investing wasn't random. While he was playing, especially with the Golden State Warriors, he was soaking up game from the tech titans who were always around. He used those locker room chats and opportunities to network, learning about winning mentalities and systems that he now applies to his business. His firm, Swish Ventures, is all about backing early stage tech startups, focusing on areas like AI and cybersecurity. They've got a solid track record with 8 out of their 20 investments already hitting unicorn status, meaning they're valued at over a billion dollars. Casspi's strategy is pretty aggressive, putting big checks like $20 million and to just a handful of companies he believes in. This approach paid off again with that recent $250 million close, pushing his assets under management to around $800 million.

He's definitely not slowing down. That wraps Golden State Warriors News Today, brought to you with AI.