> He’s also a limited partner in funds including Founders Fund, Thrive Capital, Silver Point Capital, and Multicoin Capital.
Dividing the entire rookie contract amount across so many investments and so many funds means relatively small investments in those funds.
No way any non-famous-athlete individual would be able to LP in those funds without athletic stardom attached. It's a selling point for those LPs to say he's part of their funds and they get to rub shoulders with a professional athlete.
It says rookie contract + endorsements, and I don't think it seems particularly small, just doing the math. Also I doubt that ex: Thrive LPs would care about this kind of thing. This whole comment just seems wrong.
It's a big number, but it's spread across a lot of different investments.
Some of those big-name VC funds wouldn't even return your call if you wanted to invest several million dollars. Founders Fund brings in multiple billions of dollars when they raise a new fund.
His fame and status unlocked his access.
> Also I doubt that ex: Thrive LPs would care about this kind of thing.
Thrive has raised over ten billion dollars. If a normal moderately wealthy person showed up with a couple million dollars to invest they would not be invited to be an LP.