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 visits the exchange, in New York. Bryant has partnered with Jeff Stibel, an entrepreneur and investor, to form the $100 million venture-capital firm Bryant Stibel, based in Los Angeles. (New York Stock Exchange via AP)
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)

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.

You may also interested in

Popular mobile game 'Pokemon Go' lands on Apple Watch

Dec 22, 2016

The wildly popular mobile game "Pokemon Go" is coming to the Apple Watch

The Latest: Christie's office defends him from bridge judge

Mar 30, 2017

New Jersey Gov. Chris Christie's office is defending itself after a judge cited the venomous culture of his administration while sentencing two of his former aides in a political revenge plot

3 injured after fire breaks out at Google conference

May 19, 2017

Authorities say three people were injured after a kitchen fire broke out during Google's I/O developer conference in California

People also read these

Popular mobile game 'Pokemon Go' lands on Apple Watch

Dec 22, 2016

The wildly popular mobile game "Pokemon Go" is coming to the Apple Watch

The Latest: Christie's office defends him from bridge judge

Mar 30, 2017

New Jersey Gov. Chris Christie's office is defending itself after a judge cited the venomous culture of his administration while sentencing two of his former aides in a political revenge plot

3 injured after fire breaks out at Google conference

May 19, 2017

Authorities say three people were injured after a kitchen fire broke out during Google's I/O developer conference in California

Top News
What's Trending
Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH

About Us

Duniaga is Malaysia’s top local source for business news and information where people head to stay connected with the business news. We give daily in-depth analysis on the business happenings in the country.

Contact us: sales@duniaga.com

Latest News