NBA Star Andre Iguodala Retiring To Focus On Fund Behind Modular Multifamily Developer

Andre Iguodala, one of the most decorated stars of the Golden State Warriors dynasty, on Friday announced his retirement from the National Basketball Association and his push further into investment.

Iguodala retired after 19 seasons with four teams, including four championship seasons with the Warriors. Now, the former finals MVP is taking on a new challenge: startup investing, including a modular construction business.

Iguodala will run Mosaic, a $200M venture capital fund he raised with his longtime business partner, Rudy Cline-Thomas, according to The New York Times. One of Mosaic's investments is with Vessel, a builder of modular multifamily homes.

The pair started buying tech stocks in 2010, focusing on startups when he joined the Warriors in 2013. 

“When I initially went out to the Bay Area, it was my intent to have success on and off the court,” Iguodala said in an interview with the NYT. “I thought about how to get access.”

Prefabricated construction is on the rise due to its speed and cost-effectiveness compared to traditional construction, according to The Wall Street Journal. More than 50,000 manufactured homes were shipped in the U.S. in May 2022, a 31% increase from 2020, according to the Census Bureau. 

Iguodala joins a growing cohort of athletes getting into investing. Others include Warriors teammate Steph Curry and NFL quarterbacks Aaron Rodgers and Patrick Mahomes.

The former Pac-10 standout has also invested in soccer teams and the startup golf league co-founded by Tiger Woods and Rory McIlroy. However, Iguodala has higher aspirations of owning an NBA franchise. 

“The timing has to be right,” he told the NYT. “That’s definitely the ultimate goal.”