Magic Johnson's Path from Athlete to Billionaire

Earvin "Magic" Johnson and a16z's Chris Lyons sat down for a conversation on Magic's 30 year journey from athlete to billionaire businessman, including what Magic learned from Michael Ovitz, Magic's investments in Silicon Valley and sports, why athletes should take equity over endorsements, and more. 00:00 Introduction 05:09 How Michael Ovitz became Magic's first business mentor 07:42 The art of deal making and building a Rolodex 17:30 Magic's first Silicon Valley investment: Skydio 27:00 Building a team: Get people smarter than you 29:48 The one that got away: Nike stock in 1979 37:36 Why AI is changing everything 44:36 Sports ownership: Dodgers, Commanders, Sparks, and LAFC @MagicJohnson @ChrisLyons