Kevin Durant’s $250,000 Hugging Face bet is reportedly worth $60M

Kevin Durant and partner Rich Kleiman invested $250,000 in Hugging Face’s early financing and stand to receive roughly $60 million if Nvidia’s $12.9 billion acquisition closes. The deal highlights a stark equity gap: employees at late-stage European startups hold about 10% of their companies, versus roughly 20% in the United States.