Kobe Bryant starts $100 million investment fund

In this Monday, Aug. 22, 2016, photo provided by the New York Stock Exchange, retired NBA star Kobe Bryant, center, rings the opening bell with executives and guests of Bryant Stibel, at the NYSE in New York. Bryant has partnered with Jeff Stibel, an entrepreneur and investor, to form the $100 million venture-capital firm based in Los Angeles. (New York Stock Exchange via AP)

Retired NBA star Kobe Bryant is moving to Wall Street, announcing the formation of a $100 million venture capital fund to invest in media and technology companies

NEW YORK — Retired NBA star Kobe Bryant is moving to Wall Street, announcing the formation of a $100 million venture capital fund to invest in media, technology and data companies.

The fund, known as Bryant Stibel, is being co-managed by investor Jeff Stibel. The two met through mutual friends, Stibel said.

Bryant Stibel has already made investments in 15 companies, including LegalZoom and home juicing company Juicero, according to their website. The firm was founded in 2013, but is going public now with the retirement of Bryant from the Lakers.

Stibel said the firm is focused on companies at all stages of growth.

"We are actively looking for great entrepreneurs, but we are in no hurry to deploy capital," he said.

Bryant earned roughly $680 million in salary and endorsements during his 18-year NBA career, according to Forbes, and has been in the process of transition from professional athlete to businessman. Bryant created a company in 2014 called Kobe Inc. to help handle his image.

Related News

DeGeneres defends herself after posting photo...

Aug 17, 2016

Ellen DeGeneres says she's not racist after receiving backlash on social media for posting an...

Rams' Quinn heads to Rio watch sister in...

Aug 17, 2016

Heading to Rio: Rams defensive end Robert Quinn misses practice to head to Olympics to watch sister...

University of California, Berkeley chancellor...

Aug 17, 2016

University of California, Berkeley chancellor has resigned his post after facing criticism for...

Racers whip across Utah's famed salt flats after...

Aug 17, 2016

Thousands of racers have descended on Utah's famed Bonneville Salt Flats after two years of...

Dolphins' Hard Rock Stadium deal is for nearly...

Aug 17, 2016

Three Miami Dolphins and nearly two dozen other VIPs simultaneously smashed guitars in the end zone...

McGregor arrives late, Diaz walks out, bottles...

Aug 18, 2016

From the late entrance to the expletive-laden comments to the bottle-throwing finale, Conor...

You may also like these

'He's San Francisco': Tony Bennett honored for...

Aug 20, 2016

The city of San Francisco threw a 90th birthday bash for Tony Bennett, who first sang "I Left My...

Ryan Lochte says 'immature behavior' got him into...

Aug 21, 2016

American swimmer Ryan Lochte said he over-exaggerated what happened at a Rio de Janeiro gas station...

AP NewsBreak: Feds want to ban swimming with...

Aug 24, 2016

Federal regulators are proposing a ban on swimming with dolphins in Hawaii

Swimmer Feigen apologizes for 'serious...

Aug 24, 2016

U.S. swimmer James Feigen apologized for the "serious distraction" he and three teammates caused at...

McIlroy glad to be wrong about Olympic success

Aug 24, 2016

This is one time Rory McIlroy says he was happy to be mistaken

About Us

Sportify News offers you high quality sports journalism. Take a deep look in the world of sports as we bring you the latest news on acquisitions, sponsorships, lineups and more!

Contact us: sales@sportifynews.com

Subscribe Now!

Quick Links

HomePress