The Golden State Warriors have a deal in place to sell for $450
million, the largest amount ever for an NBA franchise. That’s nice, but
what does this have to do with tech? One of the key partners in the team
that made the winning bid is also a partner at the famous Silicon
Valley venture capital firm Kleiner Perkins Caufield & Byers. And
they beat out a bid that was being made by Oracle CEO Larry Ellison.
Specifically, Joe Lacob, a longtime partner at Kleiner Perkins, teamed up with Mandalay Entertainment CEO Peter Guber to buy the team from current owner Chris Cohan. “I am incredibly excited to have the opportunity to be the next steward of this storied NBA franchise. This is my dream come true,” Lacob told ESPN.
To read the full, original article click on this link: Kleiner Perkins Partner’s Latest Venture: The Golden State Warriors
Author: MG Siegler
