NBA star Durant’s Hugging Face investment shows estimated paper gain above $60 million

The early backer has invested in companies including Robinhood, with a reported seed-round position in Hugging Face driving the headline return.

Summary

NBA star Durant is being highlighted for investments ranging from Robinhood to Hugging Face. His early investment in Hugging Face’s seed round is estimated to have generated a paper return of more than $60 million, though that gain is unrealized until the position is sold or otherwise monetized.

Terms & Concepts
  • Seed round: An early funding round for a startup
  • Paper return: An unrealized gain based on estimated value