Steve young is an athlete who’s actually good at finance – bloomberg

Before a Monday Night Football game in Minneapolis in October, Steve Young seems to be doing the typical work of an ex-quarterback. Jennie finch pitching Still fit and even boyish-looking at 55, Young is roaming a patch of sideline, chatting and taking pictures with a group of men, all of whom look thrilled to be near the San Francisco 49ers legend. Spring training schedule 2016 arizona Then Young ducks over to a nearby ESPN set, where he talks about the Vikings’ offense for an audience of several million viewers.


Best fantasy football advice Then back to the same gaggle of men. Spring training 2016 cubs The process repeats: glad-handing, TV hit, glad-handing.

Soon enough, though, it’s clear that Young is paying a lot more attention to one of these tasks than the other. Funny fantasy football league names 2015 The moment the ESPN cameras are off, he bolts to the group on the sideline. Baseball pictures And once he’s there, talk rarely turns to football. Basketball courts near me Young is schmoozing people connected to the private equity firm, HGGC, that he co-founded a decade ago. Types of pitches The firm has a niche within a niche—it specializes in acquiring majority stakes of enterprise software companies worth $300 million to $500 million—and it uses Monday Night Football games as marketing events. How to throw a softball harder When the season begins, Young and his partners buy a luxury suite for virtually every Monday matchup. Best baseball players 2016 Young, HGGC Chief Executive Officer Rich Lawson, and a handful of others from the firm travel from NFL city to NFL city, meeting with portfolio companies, acquisition targets, and customers.

In Minneapolis, the guest of honor is a company HGGC acquired in April. Basketball wives la season 5 episode 1 Called FPX, it makes a cloud-based price-quoting system, and its executives have invited potential clients, including UnitedHealth, the $153 billion health-care behemoth headquartered nearby. Online landscape design After the group leaves the sideline for HGGC’s luxury box, Young gives a younger colleague some pointers on how to pitch FPX’s software.

There’s a moment in Young’s recently published autobiography, QB: My Life Behind the Spiral, when he’s at college and calls his dad to say he needs a loan for a car. Japanese garden design principles He’s a varsity quarterback for Brigham Young University and wants to get around campus in style. Baseball shop His father has a more economical idea: He’ll drive cross-country to deliver Young his Oldsmobile, with more than 200,000 miles on the odometer. Francesca eastwood movies Young responds: “Oh, c’mon, Dad. Pitch diameter definition No way!”

Young was about 21 when he theoretically said this. El patio motel It’s hard to imagine a 21-year-old speaking that way—like a character from The Andy Griffith Show. Pitch dark dragon And yet Young really may have chirped these Mayberry-ish words. Nba fantasy draft 2016 His preferred drink is milk. Baseball field As a practicing Mormon, he won’t touch alcohol and doesn’t believe in sex before marriage. Little league baseball schedule Young’s aw-shucks attitude helps him professionally. Football games on right now He thinks before he speaks and doesn’t answer in platitudes, which makes him not only an excellent football commentator but also an endearing dealmaker, especially when everyone else around the negotiating table tends toward the mercenary.

Young’s father, LeGrande “Grit” Young, grew up poor and worked his way through law school at the University of Utah as a janitor, getting four hours of sleep a night. Low maintenance landscaping He got a job with Anaconda Copper Mining as an in-house labor lawyer, and eventually, in 1970, after getting a transfer to the New York office, moved his family from Utah to Greenwich, Conn. Outdoor voices instagram Steve was entering the third grade. Basketball wives la season 5 episode 3 He grew up surrounded by some of the country’s wealthiest bankers and investors and studied his father’s approach to the law. Patchwork staccato Grit usually wore nice clothes to work, but not when he had a meeting with the mining company’s labor organizers. Lattice semiconductor “I used to watch my father wear frayed shirts to relate to the union workers,” Steve says. Pitch meaning in english “It definitely taught me some things about negotiation.”

In Greenwich, Grit kept his four sons and one daughter grounded by lying about his salary, claiming he made only $6 a day. Slow pitch batting cages If Steve or his siblings wanted new cleats or a baseball glove, Grit would say, “I’d love to, but, you know, I only make so much. ” All the Young children took part-time jobs. Fantasy football mock draft All of them were also gifted athletes, but Grit told them to focus on grades and education. Slow pitch softball rules “Steve dreamed a lot about football,” says Grit, now 80, from his house in Las Sendas, Ariz. Furrow irrigation advantages and disadvantages “He had Staubach’s poster on his bedroom wall. Landscape architecture portfolio But sports are a dream. Softball pitching coaches near me You have to be educated. Hitting drills baseball You need to get skills when football falls apart.” Football never fell apart for Steve, though. Basketball games to play online As he excelled at each level of the game, Grit was bewildered. Indoor basketball courts near me open to the public “Starting in high school, I was just flabbergasted. Fantasy baseball news Then he succeeds in college—I couldn’t believe it. Planning a garden And then as a professional athlete. … Honestly, Steve’s personality is probably a better fit for law or business.”

An unusually agile runner, Steve developed his distinctive left-handed passing game at BYU, finishing second in voting for the 1983 Heisman Trophy, awarded to the nation’s most outstanding college player. Ideas for small gardens He went pro by signing a bizarre $42 million, 43-year contract with the Los Angeles Express of the short-lived United States Football League. Outdoor movies nyc The agreement, structured as an annuity in part because of the team’s shaky finances, technically made Steve the highest-paid player in all of professional sports. Fencing sport near me But Grit still wasn’t convinced football was a viable career. Softball games to play “I saw him in the offseasons, and he was just goofing off with his friends back in Provo,” he says. Online football games for pc “I said, ‘You’ve got to get some skills to succeed in business, or in life. Simple garden ideas Why don’t you go to law school?’ ”

Steve did so after switching to the NFL. Drip drop taemin (He got only $3.5 million from his USFL contract.) After a stint with Tampa Bay, he signed with San Francisco. Ancestry dna reviews During the season, he apprenticed as a quarterback under Joe Montana, and over the course of seven offseasons, he pursued a law degree at BYU. Cbs sports fantasy football cheat sheet (His great-great-great-grandfather was Brigham Young himself.)

Young eventually got the starting job, and in 1992 he won the first of his two Most Valuable Player awards. Pony softball He says, “There was one day when I turned to my dad and said, ‘Guess what? The plan and the dream merged!’ And he said, ‘No, it didn’t. Rawlings custom gloves What are you going to do when you graduate? You play until you’re in your 30s. Basketball rio 2016 live Then what? There’s a whole ’nother life you’re going to have.’ ”

Young won three Super Bowls with San Francisco during his law school years—two as a backup to Montana and one as a starter, in 1995. Diy landscaping “When he graduated from law school, I was really proud of him,” Grit says. Basketball games unblocked “It’s hard to equate that exactly with how I felt after he won the Super Bowl. Cbs sports fantasy football login But for me, when he graduated—that was the height of my expectations.”

Buying companies is only half the work of private equity. Landscape Young’s upbringing is on display when selling them, too. Raspberry trellis plans Sonsini, the PowerBar mentor, describes a deal to sell one of HGGC’s companies, Hybris, in 2013. College softball coaching jobs One potential buyer, Adobe Systems, offered $75 million more than another, SAP. Front porch designs At most private equity firms, there would hardly be any discussion about whom to sell to. Georgia softball schedule But Hybris executives wanted to operate independently within a larger company and were attracted to how SAP had marketed an earlier acquisition, SuccessFactors, as “SuccessFactors—an SAP company.” Young pushed Hybris to sell to SAP, despite the lower offer. Sleeper retaining wall design guide “Steve was calling the meetings. Baseball league logo He was on the phone with me and my team, asking complex, detailed questions about how you make distinctions about price, deal certainty, deal execution, and fiduciary duty,” says Sonsini, who was a consultant on the transaction. Fantasy basketball team names “At that point in time, he was just starting to do big deals, but those types of questions in the middle of negotiations you usually only get from experienced investors.”

Hybris put HGGC on the map in the private equity world as a legitimate player, not just a pigskin tosser’s retirement lark. Francesca battistelli beautiful beautiful SAP ended up paying $1.4 billion for Hybris, and Young’s firm earned more than five times its initial investment, taking home more than $1 billion in cash.

The firm last month closed a $1.8 billion fund, its third, after raising funds of $1.1 billion and $1.3 billion. A baseball Young invests tens of millions of his own wealth in each fund. Oldest baseball stadiums (He didn’t respond to a question about his net worth.) “We could have raised a lot more money,” Lawson says. Garden city sc “Other funds that started around the same time as us—they’re huge now. Basketball wives season 5 episode 5 We’re competing against their junior funds. Baseball american league standings Steve and I are competing against a bunch of 28- to 32-year-olds for business. Outdoor voices discount code And that’s an advantage for us.”

Young says his celebrity cuts both ways; some people don’t take him seriously. Softball world “I think it’s a net neutral,” he says. Boundary fence “Maybe I’ll get someone to return a phone call. Flower bed ideas But the other half of the time, it’s like, ‘What in the heck’s going on here?’ ”

“I was definitely skeptical,” says Drew Smith, vice president for alternative assets at Advantus Capital Management, which invests with HGGC. Drip coffee shop “Celebrity, that’s not what we do here. Crowthorne fencing I’ve had talks with athletes before, and you do some digging and you realize they don’t really show up. Hard landscaping Steve shows up.” Young also tries to bring other ex-athletes into the game. Patio restaurant At HGGC’s annual meeting last May, the attendees included Junior Bryant, a former 49er, and Brooks Laich, who played 764 games in the NHL. Garden flowers list Both are interested in finance. Louisville slugger tour “The door’s open,” Young says. Softball score sheet “It’s an educational forum. Fantasy football mock draft espn Come and learn. How to lay paving slabs We’re not talking about becoming a deals partner, we’re talking about seeing how sophisticated investors act and talk.”

On a Friday in January, Young is working in his office, considering an investment. Fantasy basketball rankings 2015 Physically, there’s zero giveaway that he ever played quarterback—at any level of the game. Japanese landscape architecture In a suit, he could easily be just another finance guy who voraciously cycles or swims. Football games today channel For lunch, he grabs a hot dog and a cookie, then heads toward his minivan. Facebook login app He’ll eat on the drive to San Francisco, where he’ll pitch another deal.

(Update: After publication, Steve Young sent this comment to Bloomberg Businessweek : “I participated in this story to encourage athletes to think about their futures because I want to inspire them to think this way. Yankee stadium dimensions I have worked hard to build an expertise in two different fields, and I am proud of that. Tee ball near me I have built one over the course of 35 years as a football player and analyst. Landscape ontario The other, in private equity, I’ve established over 18 years. Landscape supply I’m focused on being excellent at both—and without sacrificing one for the other. Cricket bat size guide Staying connected to the game and working for ESPN are very meaningful to me. Dripping springs tx county In no way did I intend to suggest otherwise.”)

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