Division I Quarterbacks LaNorris Sellers And Kevin Jennings Join Cashmere Fund To Make Investing In VC More Accessible
As college athletes begin profiting earlier in their careers, they’re also making smarter decisions sooner.
Many college athletes have been able to directly profit from their name, image, and likeness (NIL) after NCAA members approved an interim policy in 2021.
All three NCAA divisions suspended NIL restrictions for incoming and current student-athletes, AFROTECH™ reported; this includes VJ Edgecombe, a 2025 NBA first-round draft pick, who earned $1.4 million in NIL deals thanks to partnerships with Panini America and PSD Underwear.
The top college basketball earner is AJ Dybantsa, who has a $4.1 million NIL valuation while representing the Brigham Young University (BYU) Cougars, AFROTECH™ previously reported.
College athletes aren’t just pocketing earnings for short-term gain; they’re thinking long-term and making strategic financial moves well before going pro.
Quarterbacks LaNorris Sellers (University of South Carolina) and Kevin Jennings (Southern Methodist University) recently joined the Cashmere Fund’s College Investing Class of 2025.
According to a press release, the venture fund aims to make startup investing more accessible.
Sellers holds a $3.7 million NIL valuation, according to On3, while Jennings is approaching the $1 million mark, the Dallas Observer reported.
The two will raise awareness about the fund, supporting Cashmere’s portfolio companies, which are valued at $7.5 billion. Jennings and Sellers will also have the opportunity to grow their knowledge and experience in venture investment.
Both quarterbacks join Kansas State University’s Avery Johnson for the Cashmere Fund’s College Investing Class of 2025 and Cashmere’s partners, which include the 2025 NFL MVP Josh Allen, fashion entrepreneur Jenna Lyons and Buffalo Bills safety Damar Hamlin.
“Part of investing in venture capital is pursuing things that have never been done before. Completing Cashmere’s first-ever NIL deal is consistent with that legacy,” Elia Infascelli, CEO of Cashmere, said in a press release. “In recent years, athletes have begun using their platforms for influence beyond their sport and at younger ages. We’re excited to partner with three talented young men who are pushing the boundaries of what’s possible in the emerging NIL space.”
