Kobe Bryant starts $100 million investment fund

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

After talks, Chinese region sees risks to trade, US visits

Apr 11, 2017

After bashing China on the campaign trail, President Donald Trump met his Chinese counterpart Xi Jinping last week at Trump's Florida estate

General Electric breaks ground at new Boston site

May 8, 2017

General Electric has broken ground on its new Boston headquarters, another step in the company's digital transformation

US court: ex-AIG CEO hasn't right to challenge bailout

May 9, 2017

A federal appeals court has ruled that the former CEO of American International Group lacks the legal right to challenge the government's bailout of the insurance giant in the heat of the financial crisis. The next stop may be the Supreme Court.

You may also like these

After talks, Chinese region sees risks to trade, US visits

Apr 11, 2017

After bashing China on the campaign trail, President Donald Trump met his Chinese counterpart Xi Jinping last week at Trump's Florida estate

General Electric breaks ground at new Boston site

May 8, 2017

General Electric has broken ground on its new Boston headquarters, another step in the company's digital transformation

US court: ex-AIG CEO hasn't right to challenge bailout

May 9, 2017

A federal appeals court has ruled that the former CEO of American International Group lacks the legal right to challenge the government's bailout of the insurance giant in the heat of the financial crisis. The next stop may be the Supreme Court.

Search
Financial Markets

About Us

Deck Biz is an intelligent platform providing international and regional business news updates. You won’t get these insights elsewhere other than Deck Biz.

Contact us: sales@deckbiz.com