Andrew Heathcote Rich Lists editor

Andrew is BRW's Rich lists editor and is responsible for the Rich 200 and Young Rich flagship issues. He also reports on matters relating to wealth and investment for BRW and The Australian Financial Review.

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Andrew Bogut opens door to Silicon Valley

Published 24 January 2013 12:27, Updated 30 January 2013 22:01

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Andrew Bogut opens door to Silicon Valley

BRW Young Rich member Andrew Bogut (right) is putting some of his $40 million to working helping Australians get access to US entrepreneurial networks. Photo: MCT

The country’s best basketballer and BRW Young Rich member Andrew Bogut has started a new business targeting IT entrepreneurs.

Bogut was traded to the Golden State Warriors before the start of the current season in the highly lucrative US-based National Basketball Association.

Injuries have plagued his debut season for the Warriors but Bogut has been busy off court.

The Warriors are based in the San Francisco Bay area, which is also home to IT hotbed Silicon Valley.

Bogut is also co-owner of Melbourne-based One Management Group & Consulting, which has set-up a new events division servicing Australian entrepreneurs who want to start businesses or raise capital in the US.

His Australian-based manager and business partner, Bruce Kaider, says the new division helps satisfy an untapped demand.

“We are providing business people access to a network that they may not otherwise get access to,” Kaider says. “And along the way they can have some fun and experience the business of sport.”

In February, Bogut’s One Management Group & Consulting, will conduct a four-day tour. Attendees will get reserved seats at two NBA games as well as a private dinner with the owners of the Warriors and a series of meetings with notable Silicon Valley executives.

It includes a trip to Twitter’s headquarters and a presentation from Twitter’s head of international development, Mike Brown. There will also be meetings with founder and co-chairman of self-service kiosk company ZoomSystems and 99 Designs chief executive Patrick Llewellyn.

99 Designs is an online service, which lets graphic designers compete for work. It was co-founded by another Young Rich member, Mark Harbottle. His personal fortune was valued at $60 million on last year’s Young Rich.

Bogut makes $12.5 million a year playing basketball in the United States and has an estimated net worth of $40 million.

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