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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: are here illegally, your next you will be fined nearly

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Speaker 1: one thousand dollars a day, imprisoned, and deported. You will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws,

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Speaker 1: border and families will.

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Speaker 2: Be protected sponsored by the United States Department of Homeland Security.

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Speaker 3: So let's talk about the family office. That's interesting because

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Speaker 3: even before a lot of athletes previously this whole thirty

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Speaker 3: for thirty about athletes going broke right, and that was

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Speaker 3: kind of stereotype for a long period of time that

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Speaker 3: athletes get money and they still go broke. Unfortunately, there's

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Speaker 3: still some level of truth to that, but we're seeing

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Speaker 3: that starting to change, athletes getting into investing, taking their

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Speaker 3: business a lot more serious. So, can you explain what

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Speaker 3: a family office is for anybody that doesn't know? And

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Speaker 3: what was was that your idea that you pitched a

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Speaker 3: KD or was that his idea that he pitched to

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Speaker 3: you that he wanted to set up and start to

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Speaker 3: really you know, invest in a variety of different things

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Speaker 3: and have a more structured organization when it comes to

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Speaker 3: his finances.

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Speaker 4: Yeah, well, I mean, I guess the way we look

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Speaker 4: at Kevin's family office is that you know, Kevin generates

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Speaker 4: money from a multiple multiple places, multitude of places on court, Nike,

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Speaker 4: investments in public markets, investments in private equity, investments, and

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Speaker 4: venture Kevin is a very philanthropic young man with a

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Speaker 4: long life in front of him, and he wants to

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Speaker 4: do a lot for his hometown in PG County. And

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Speaker 4: then there's also just like the business of operating an

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Speaker 4: athletes life at the highest level, which is trainers and

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Speaker 4: chefs and the amount of movement they do. He doesn't

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Speaker 4: have a family currently, so you know during the summer

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Speaker 4: he's moving and working out in different places and traveling.

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Speaker 4: And what we were able to do is build a

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Speaker 4: company around that. That's whole sole purpose was building generational

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Speaker 4: wealth for Kevin, building philanthropic legacy in PG County, managing

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Speaker 4: the people in his life that handle public stocks, a

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Speaker 4: handle private equity. We do a lot of the venture

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Speaker 4: and sports investing, but we've put incredible experts around us,

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Speaker 4: but this family office sits at the center of it.

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Speaker 4: And I don't think it was ever like necessarily one

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Speaker 4: of our ideas of the other. But when we got

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Speaker 4: to the Bay, well, first of all, in talking about

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Speaker 4: decision making and where he was going to play. For Kevin,

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Speaker 4: it was always going to be about basketball. But for

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Speaker 4: me as his agent, I needed to look at what

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Speaker 4: came with that, because if he's gonna work as hard

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Speaker 4: as he's gonna work every single day in the gym,

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Speaker 4: every day in practice, damned if I didn't work as

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Speaker 4: hard and think that way and show up to everything

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Speaker 4: and be proactive. So we get to the Bay It's

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Speaker 4: no joke. It's the first, second, third night we're there

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Speaker 4: and Steve Stout says, we're gonna throw Kevin a birthday

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Speaker 4: party at Ben Harwitz's house. And Steve has always been

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Speaker 4: somebody who's like giving me the hey go, you should

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Speaker 4: go this way or look that way. You know what

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Speaker 4: I'm saying. Like his style and mentoring. He's an incredible

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Speaker 4: friend of mine twenty plus years. But like mentoring comes

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Speaker 4: in different shapes and sizes. It's not like, Yo, come

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Speaker 4: on man, it's our Monday morning breakfast. Let me give

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Speaker 4: you the game. It's just like little nods or little

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Speaker 4: things to consider. And he was like, Yo, we're gonna

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Speaker 4: throw this dinner for Kevin. Ain't really tell me much more,

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Speaker 4: but the idea was that he was bringing people that

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Speaker 4: he was meeting, and he had been out there for

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Speaker 4: a few years, and all of a sudden, I was.

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Speaker 5: Like googling names in real time.

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Speaker 4: Oh shit, that's Ron Conway. They call him the Godfather

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Speaker 4: of Angel Investing. Well shit, well then I got to

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Speaker 4: know the godfather Angel Investing. And it was that night

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Speaker 4: where I left there. The first people we met were

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Speaker 4: those type of people, and the next day I followed

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Speaker 4: up on every relationship, and then every time I sat

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Speaker 4: down for dinner and I said, you know, someone said

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Speaker 4: to me, where do you guys want to focus? You

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Speaker 4: think the early stage series A, series B. I said,

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Speaker 4: do me a favorite, tell me what all that means.

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Speaker 5: Quick.

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Speaker 4: As soon as he told me what all that meant,

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Speaker 4: I never forgot it again. And I kept learning and

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Speaker 4: compounding that information, and all of a sudden, we were investing.

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Speaker 5: You know what I'm saying.

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Speaker 4: I didn't have institutional knowledge of it, but I had

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Speaker 4: a great instinct. I could read people. Kevin and I

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Speaker 4: would share ideas and share thoughts. We'd sit with founders

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Speaker 4: and companies that we understood. If it was something that

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Speaker 4: was over our head or something that we couldn't relate to,

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Speaker 4: it didn't matter if we were going to miss it.

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Speaker 5: We just started building.

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Speaker 4: And then that all of a sudden, it was like, shit,

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Speaker 4: this is at the core of our business right now,

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Speaker 4: is that we're getting great deal flow, we're respectful of

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Speaker 4: the process, and we're good investors once we invest. So

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Speaker 4: that was kind of how that side of our business started.

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Speaker 4: And when boardrooms started to take off, and I saw

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Speaker 4: all the possibilities around boardroom, Like any media business, you

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Speaker 4: start seeing it works and it's hopefully limitless do conferences, products, subscription, TV, filmed,

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Speaker 4: But you built the brand at the core in order

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Speaker 4: for us to go and do that and take a

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Speaker 4: chance on something.

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Speaker 5: It's not like we're innovating.

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Speaker 4: We just built a brand for ourselves and something that

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Speaker 4: we hope can grow and be something that's truly respected.

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Speaker 4: But I had to make sure Kevin's been earners.

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Speaker 2: What's up?

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas. Man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted legal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens have been arrested. If you

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Speaker 1: were here illegally, your next you will be fine nearly

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Speaker 1: one thousand dollars a day, imprisoned and deported, you will

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Speaker 1: never return. But if you register using our CBP home

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Speaker 1: app and leave now, you could be allowed to return legally.

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Speaker 1: Do what's right. Leave now. Under President Trump, America's laws

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Speaker 1: border and families will be protected.

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Speaker 2: Sponsored by the United States Department of Homeland Security.

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Speaker 4: Business was tight because that's like how we got here,

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Speaker 4: you know what I'm saying. And I wanted to make

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Speaker 4: sure it was clear that like the respect I have

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Speaker 4: for that side of Kevin's business, the family office, I

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Speaker 4: was never going to take my eye off of.

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Speaker 5: So that's kind of how we.

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Speaker 3: So you manage, you manage the situation, Karda, you overlook

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Speaker 3: the family So who all right, he has a lawyer.

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Speaker 3: He has a financial advisor.

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Speaker 5: Oh yeah, I forgot, I'm on oing your leisure. I'm

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Speaker 5: gonna break down.

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Speaker 4: Then he's got this is going to be a slot

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Speaker 4: on public stock portfolio managers. We have somebody in the

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Speaker 4: camp that works with us on private equity deals, later

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Speaker 4: stage investments, sports investments, and properties.

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Speaker 5: But my eyes around it all. I talked to Kevin

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Speaker 5: about it all.

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Speaker 4: We're all pretty seamless team. There's venture which my office,

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Speaker 4: the thirty five V office, does a lot of that work.

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Speaker 4: And then there's Kevin's philanthropic kind of like two sides

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Speaker 4: to that. His father runs Team Durant, which is his

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Speaker 4: AAU organization. His mother runs the Durant Family Foundation. We

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Speaker 4: have a standalone building in PG County called the Durant

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Speaker 4: Center where there's a college track program on the ground floor,

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Speaker 4: which is a partnership with Emerson Collective and Loreene Jobs.

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Speaker 4: And then there's the Durant Family Foundation offices in there

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Speaker 4: as well. And then Kevin has a lifetime deal with

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Speaker 4: Nike and he's on his seventeenth shoe that will come

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Speaker 4: out next summer, so we're on sixteen right now. So

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Speaker 4: that all operates within that family office, and then all

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Speaker 4: of those people, his lawyer, his business manager that's paying

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Speaker 4: bills and doing a state planning and insurance and paying

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Speaker 4: chefs and security. They work with us as well. And

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Speaker 4: then we have like our private equity guy. That's a lot.

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Speaker 4: That that is a lot. That's a hell of a portfolio.

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Speaker 6: I wonder, as you're building this portfolio out, is there

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Speaker 6: a vision to say, you know what, Because people don't

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Speaker 6: mention KD as the next billion dollar athlete, but based

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Speaker 6: on everything that we're seeing from a business standpoint, the

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Speaker 6: trajectories right there are their strategic goals and how to

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Speaker 6: reach those goals. Is that part of the planning as well?

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Speaker 4: Yeah, well, it sucks that he's not because he should

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Speaker 4: be as much as anybody exactly what I'm saying.

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Speaker 5: Because he's quiet. I want to get to the talking

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Speaker 5: part too, because you're good. Yeah.

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Speaker 4: No, But I think one thing that somebody made a

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Speaker 4: point of saying to me a few years ago that

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Speaker 4: stuck with me is like, at some point you got

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Speaker 4: to start thinking about making sure you like what you

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Speaker 4: own and you want what you own like. It can't

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Speaker 4: just be an investing in things because you think the

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Speaker 4: investment's great. You should really want what it is that

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Speaker 4: you own. So I think for us, like that's been

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Speaker 4: part of the strategy. It's like, all right, you've built

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Speaker 4: this incredible core base where because of your hard work

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Speaker 4: and your gifts and your skills, you were able to

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Speaker 4: make an insane amount of money on the court, and

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Speaker 4: because you were able to have a level of relevance

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Speaker 4: and an incredible encore business to build a Nike business

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Speaker 4: for seventeen years, you now have a lifetime deal. So

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Speaker 4: that's incredible, and you've put great people around you to

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Speaker 4: build your wealth upon wealth.

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Speaker 5: But you're thirty five.

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Speaker 4: Now you're going to retire forty years old, forty one

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Speaker 4: years old, thirty nine, forty three, whatever it is. He's

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Speaker 4: not going to play forever. So how do you maintain

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Speaker 4: that level of income?

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Speaker 5: How are you going to.

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Speaker 4: Make fifty fixed on another job in the world besides

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Speaker 4: the NBA, right, and Nike is a level of cash

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Speaker 4: and royalties, So there's some commitment and anity and knowing

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Speaker 4: you have that, But then you got to think about,

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Speaker 4: like what do I want to do? So he loves

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Speaker 4: the idea that him and I own boardroom fifty to fifty,

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Speaker 4: but building a businesses. It's all a variable, right, Like

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Speaker 4: you don't know if that's going to bring you great

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Speaker 4: wealth or not.

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Speaker 5: But that's part of the portfolio.

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Speaker 4: He's invested in sports teams, which is part of the future,

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Speaker 4: and he was able to get in at MLS at

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Speaker 4: a very low price, and valuations have exploded, and we've

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Speaker 4: put a lot of bets in a lot of different

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Speaker 4: sports properties, and post career, I'm sure Kevin will take

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Speaker 4: a shot at owning a major sports team, and so

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Speaker 4: all of that will add to the wealth. But then

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Speaker 4: it's starting to identify things that we want to keep

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Speaker 4: building out and things that Kevin wants to own. Is

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Speaker 4: it real State, is it consumer brand? Is it in

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Speaker 4: the QSR space? You know, you look at what like

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Speaker 4: Junior Bridgeman built exceptional. You guys had him on the conference.

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Speaker 4: You know, I think a lot of these businesses that

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Speaker 4: are more kind of familiar and traditional are all of

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Speaker 4: a sudden really attractive with the idea that like the

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Speaker 4: economy's bucked up, and Crypto and Away and NFTs are dead,

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Speaker 4: all these headlines you read and just the reality of

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Speaker 4: the world. So now all of a sudden, things like

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Speaker 4: Burger King start to seem way safer.

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Speaker 5: You know, somebody's got to eat.

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Speaker 1: An illegal alien from Guatemala charged with raping a child

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Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador

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Speaker 1: accused of murdering a Texas man of Venezuelan charged with

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Speaker 1: filming and selling child pornography in Michigan. These are just

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Speaker 1: some of the heinous migrant criminals caught because of President

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Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States

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Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border

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Speaker 1: crossings are at the lowest levels ever recorded, and over

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Speaker 1: one hundred thousand illegal aliens.

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Speaker 2: Have been arrested.

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Speaker 1: If you are here illegally, your next you will be

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Speaker 1: fine nearly one thousand dollars a day, imprisoned and deported,

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Speaker 1: you will never return. But if you register using our

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Speaker 1: CBP home map and leave now, you could be allowed

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Speaker 1: to return legally. Do what's right, leave now. Under President Trump,

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Speaker 1: America's laws, border and families.

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Speaker 2: Will be protected. Sponsored by the United States Department of

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Speaker 2: Homeland Security,