One of the legends of American football, Joe Montana, who won his first Super Bowl as a quarterback in 1982, is now earning a major win as an investor almost 40 years after that success.
Induced into the NFL Hall of Fame in 2000, Montana invested in various ventures with the investment firm Liquid 2 Ventures, which he founded 6 years ago.
GitLab, one of the companies it has invested in along with Khosla Ventures and Ashton Kutcher, is now listed on the Nasdaq.
The company’s current valuation is nearly $ 10 billion, which was $ 12 million when they invested in Montana and others.
This value means that Montana’s initial investment could produce a return of more than 400x.
According to the U.S. press, Montana’s first investment, adding to the money it put in GitLab over time, was around $ 100,000.
The current share value of this money invested in 2015 has risen to $ 4.2 million.
GitLab, valued at $ 1 million at the time Montana invested and worked with a team of 10, grew into a software giant over time.
GitLab is a technology company currently operating in 65 countries and employing more than 1,350 people.