Lebron James and internet startup, Foursquare , have been a hot topic the last couple weeks. The hottest free agent, Lebron James this summer, has had many suitors waiting to line up for his services. It has been estimated that Lebron’s brand is worth over $500 million! Teams are doing everything they can to convince by meeting him on his own turf in Ohio, from Jay Z and Russian billionare representing the Nets, who had the worst record in the league last year. He could be getting a salary similar to Tiger Woods if it wasn’t for the salary cap that restricts teams from opening up the bank. Lebron is scheduled to earn around $20 million next year and oodles more depending on which team can increase his brand awareness and bring on huge sponsors. Everyone remembers soccer player, David Beckham to the Los Angeles Galaxy a couple years ago for 5 yrs 250 million! It never panned but Lebron is another level. Any team that gets him to commit to a contract will need to have deep pockets to create a winning team to satisfy Lebron’s deep desire to win a championship.
Internet startup, Foursquare has been blowing up and growing at a faster clip than Twitter. Everyone big name was courting them to be acquired from Facebook to Yahoo. Venture Capitalists were trying to invest in a company that had a reported 1.35 million funding and looking for a $100 million acquisition/valuation. Can you believe it?! They eventually got funding by well known and highly regarded Anderrson Horowitz, that has produced many winners. Lebron James is just as hot and will have to wait and see if he goes to the Mecca of sports, New York Knicks or the Chicago Bulls and rocking his legendary 23 jeresey and emulate the #23 of old, Jordan.
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