Posted on Leave a comment

The legendary gamer’s investment has been valued 400 times – Last Minute Technology News

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.

Leave a Reply

Your email address will not be published.