Home » News » Business » Kobe Bryant Has Launched A $100 Million Investment Fund
Kobe
Los Angeles Lakers' Kobe Bryant

Kobe Bryant Has Launched A $100 Million Investment Fund

Retired American basketball player Kobe Bryant has set up a $100 million venture capital fund that will make investments in technology, media, and data companies, The Wall Street Journal reported Monday.

Check also: Public Holidays lead to loss of billions of Shillings according to URA

Bryant has teamed up with tech entrepreneur and investor Jeff Stibel to launch Bryant Stibel, which will be based in Los Angeles.

Kobe & partner are not currently seeking outside funding.

The two have already invested in 15 businesses together since 2013, including the sports media website The Players Tribune, the telemarketing software company RingDNA, and the video game design firm Scopely.

They hope the fund will offer a complementary combination of their skillsets. Stibel is perhaps best known as the former chief executive of the public tech company Web.com. He has also founded numerous other tech and marketing companies and is a brain scientist.

Bryant on the other hand, is expected to offer his creative and marketing expertise — he even designed the Bryant Stibel logo himself.

In an interview with The Journal, Bryant noted that people may draw the comparison between his fund and that of New York Knicks star Carmelo Anthony, who set up early-stage investment fund Melo7 Tech Partners, or of his former Los Angeles Lakers teammate Shaquille O’Neal, who has also made a series of investments in technology and media startups.

Bryant said: “I think it’s interesting that the immediate reaction from people would be competitiveness between myself and others. I’m more interested in how I can help Shaq, Melo, or [NBA player Andre] Iguodala.”

Source: Business insider

Check also;

This is not a Paywall, but Newslex Point's journalism consumes a lot of time, hard-work and money. That's why we're kindly requesting you to support us in anyway they can, for as little as $1 or more, you can support us .

Please use the button below to contribute to Newslex Point, Inc. using a credit card or via PayPal.

Donate Button with Credit Cards

Comments

comments

Loading...

About lukwago J

Posted by LUKWAGO. J: He's a writer, editor, blogger, affiliate and a web developer, he loves thinking creatively and finding new ways to implement different programming ideas.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Loading...
x

Check Also

A Guide To Streamlining Your Communication With An Online Text Service

A Guide To Streamlining Your Communication With An Online Text Service

In today’s fast-paced world, communication is key, especially in business. With the increasing need for ...