Serena Williams: The Entrepreneurial Pursuits of the Tennis Legend
Serena Williams: The Entrepreneurial Pursuits of the Tenn...
By Edcel Panganiban June 11, 2024 07:01
The iconic name of Serena Williams not just changed the viewership of tennis by adding a force of her unmatched physicality but also conquered the world of entrepreneurship.
Serena has left a powerful legacy in the world of business and investing, from her trailblazing investments to her cunning business moves, proving that with the right amount of heart, grit, and strategic know-how, any entrepreneur can achieve all that she desires.
Early Life and Career
Tennis was a family affair in the Williams household, where Serena, along with her sister Venus, was introduced to the sport at a very young age by their father, Richard Williams.
It was Richard himself who passed the game onto his daughters after studying instructional tapes to master his own skills.
1995 saw Serena turning professional and she soon announced her intent in the tennis world with the first of what would be several slam singles titles in 1999 US Open.
Unmatched Dominance in Tennis
But what makes her great in her sport is more than just raw skill. Raised a black woman in a white dance world, she was regularly shunned and belittled by the same establishments she was trying to make money from. Her spirit cannot be beaten and her skill unmatched, she became part of the survivors club, a figurehead for resilience, a legend, and long will she remain in the hearts of all athletes, leaving a vivid mark on the sport.
A Shift to Business Ownership
Most of you know Serena Williams for her dominance on the court, but her journey to entrepreneurship and venture capitalism is just as remarkable. Serena made an estimated $95 million in prize money over the course of her championship tennis career. Notwithstanding, her smart investments in business ventures have resulted in her now documented net worth of $290 million via Forbes.
Savvy Investments
Serena has also partnered with an increasingly diverse list of industries: sports recovery, entertainment, fashion, beauty, jewelry.
Serena ventures investments are predominantly in companies led by underrepresented founders, with 79% of the portfolio having women of color at the helm.
Her strategic and value added investments in companies like Lolli, Inc, Master Class, Tonal, OURS and Hued are testaments to her intuitive acumen and her desire to uplift marginalized entrepreneurs.
Entrepreneurial Initiatives
While not exclusive to the tennis court, in April 2024, Serena Williams debuted Wyn Beauty by Serena Williams.
Her efforts to build funds that can change the percentage of VC going to women and people of color illustrate her resolve to change the business world.
Women's Tennis and so on
In tennis one of the most effective influences comes from the kind of dominance that Serena has asserted for the past twenty years inspiring generation after generation of young athletes.
A pioneer in more than tennis, she broke narratives and broke records around the world, showing women could play as well.
Along with her strategic investments, and savvy business moves, she's carving a legacy as a trailblazer in the sports and business world through her dedication to black entrepreneurs.
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