LeBron James and Maverick Carter's SpringHill Company valued at $725 million after sale of minority stake: "Discourse leads to great ideas"

What started out as a mission for two boys from Akron, Ohio, just became a major investment. 

Nike, Fenway Sports Group, Epic Games, and RedBird Capital Partners have acquired a minority stake in LeBron James' SpringHill Company, bringing its valuation to $725 million.

CEO Maverick Carter said as great as the valuation is, the investment represents years of hard work for Carter and James, who have been friends since they were children.