ABAB Pedia

Joe Montana

Joe Montana is a former American professional football quarterback who played for the NFLNFLThe NFL (National Football League) is a U.S. professional American football league of 32 clubs. Founded in 1920 as the APFA and renamed in 1922, it is organized into the AFC and NFC, with the season culminating in the Super Bowl.Open the full entry’s San Francisco 49ersSan Francisco 49ersThe San Francisco 49ers are a professional American football team that began play in 1946 and now competes in the NFL’s NFC West. Originally an AAFC member, the team joined the NFL in 1950 and won five Super Bowls under Bill Walsh and George Seifert. Its home is Levi’s Stadium in Santa Clara, California. Kyle Shanahan has coached the team since 2017, and Jed York is its principal owner.Open the full entry and Kansas City ChiefsKansas City ChiefsThe Kansas City Chiefs are an NFL professional American football team that began AFL play in 1960 as Lamar Hunt’s Dallas Texans and moved to Kansas City in 1963. Based at Arrowhead Stadium in Kansas City, Missouri, the four-time Super Bowl champions are owned by the Hunt family and coached by Andy Reid.Open the full entry and is a member of the Pro Football Hall of Fame. After retiring he turned to investing and is a founding and managing partner of the venture capital firm Liquid 2 Ventures.

Contents13 sections
Key facts

Birth

Joe Montana, whose full name is Joseph Clifford Montana, was born on June 11, 1956, in New Eagle, Pennsylvania, United States.⁠[1][2]

Drafted by the San Francisco 49ers

Montana attended the University of Notre Dame. In the 1979 NFL draft, the San Francisco 49ers selected him in the third round, 82nd overall.⁠[1][2]

Four Super Bowl Victories

Montana led the 49ers to victories in Super Bowls XVI, XIX, XXIII and XXIV (played in 1982, 1985, 1989 and 1990), and was named Super Bowl MVP in XVI, XIX and XXIV.⁠[2][1]

In 1986 he returned to play 55 days after back surgery, after doctors had suggested he not play again.⁠[3]

In Super Bowl XXIII in Miami, Montana led a 92-yard game-winning drive that ended with a 10-yard touchdown pass to John Taylor with 34 seconds left. Recalling the drive, he said, “I had to call everything about eight times and it took everything I had.”⁠[3][2]

Montana was named league MVP in 1989 and 1990, seasons in which the 49ers went 14–2 in the regular season; his 1989 passer rating of 112.4 was then an NFL record. In Super Bowl XXIV he completed 22 of 29 passes for 297 yards and five touchdowns, then a Super Bowl record.⁠[3]

Injuries and Return

Kansas City Chiefs and Retirement

In 1993 the 49ers gave the starting quarterback job to Steve Young, and Montana signed with the Kansas City Chiefs, reaching 3,000 career completions that year. He retired after the 1994 season.⁠[3]

Over his career Montana completed 3,409 of 5,391 passes (63.2 percent) for 40,551 yards, with 273 touchdown passes, 139 interceptions, a passer rating of 92.3 and 20 rushing touchdowns.⁠[2]

HRJ Capital, Modern Bank and Angel Investing

Montana co-founded HRJ Capital in 1998 and was a partner there until 2004; by 2004, the Liquid 2 Ventures team page states, the firm managed more than $900 million across venture funds, buyouts, hedge funds and real estate. In 2005 he co-founded Modern Bank and served on its board until 2010.⁠[4][5]

Pro Football Hall of Fame

Montana was elected to the Pro Football Hall of Fame in his first year of eligibility as a member of the Class of 2000. He was selected to eight Pro Bowls and three first-team All-Pro teams, and is one of the 10 quarterbacks on the NFL 100 All-Time Team.⁠[3][2]

Founding of Liquid 2 Ventures

In 2015 Montana co-founded Liquid 2 Ventures, an early-stage venture firm based in the San Francisco Bay Area that focuses on seed-stage technology startups, with Michael Ma and Mike Miller; he serves as founding and managing partner and leads the core team. Ma co-founded TalkBin, part of Y Combinator’s Winter 2011 batch, and Miller co-founded Cloudant, which was acquired by IBMIBMIBM (International Business Machines Corporation) is an American information technology company, renamed in 1924 from the Computing-Tabulating-Recording Company (C-T-R).Open the full entry.⁠[5][4]

Nate Montana joined Liquid 2 as an associate in 2016, was promoted to principal in 2017 and became a general partner in 2021.⁠[5]

Appearance on the a16z Podcast

The three discussed their approaches to tech investing and the startup ecosystem, how they manage risk, and whether athletes and other high-profile people can and should invest in startups; the episode page names losing as the hardest thing for NFL legends and VCs alike. The episode was uploaded to the a16z YouTubeYouTubeYouTube is Google’s video-sharing and creator platform, founded in 2005 by Steve Chen, Chad Hurley, and Jawed Karim and acquired by Google in 2006. Built around video uploading, viewing, and creator earnings, the platform has developed Shorts, YouTube Music, Premium, YouTube TV, and products for children, and is headquartered in San Bruno, California, United States.Open the full entry channel on January 1, 2019, under the title “a16z Podcast | Hall of Fame Football Meets Venture Capital.”⁠[6][7]

On the Investment in Joy

In October 2021 Montana discussed Liquid 2’s investment in the event-planning startup Joy in an interview with Fortune. He met Joy co-founder and CEO Vishal Joshi through Y Combinator, and Liquid 2 invested in Joy’s seed round when the platform had hosted only a few hundred weddings. “The problem was personal to them, and they were leaving leadership roles at Microsoft and Adobe to solve it,” he said.⁠[8]

Liquid 2 Fund III

Liquid 2 Ventures Fund III, L.P. closed in December 2021 at $80 million, above its $75 million target, and was announced on February 23, 2022. The press release states that the firm’s 2016-vintage Fund I and 2018-vintage Fund II had each returned more than 3x and together included 25 companies valued at over $1 billion.⁠[5]

Related Organizations, Websites, and Public Accounts

Liquid 2 Ventures: Official website: https://www.liquid2.vc/ (opens in a new window).⁠[4]

Sources

  1. Joe Montana (opens in a new window)
  2. Joe Montana (opens in a new window)
  3. The Best Ever? The story of 'Joe Cool' (opens in a new window)
  4. Team (opens in a new window)
  5. NFL LEGEND & HALL OF FAMER, JOE MONTANA, AND PARTNERS ANNOUNCE LIQUID 2 VENTURES OVERSUBSCRIBED FUND III (opens in a new window)
  6. a16z Podcast: Football Meets Venture Capital (opens in a new window)
  7. a16z Podcast | Hall of Fame Football Meets Venture Capital (opens in a new window)
  8. Joe Montana on why he invested in events startup Joy: 'The problem was personal to them' (opens in a new window)