Kobe Bryant Just Unveiled A New $100M Venture Capital Fund

Email this to a friend

Nice Move

shutterstock_88114738

After capping off a stellar 20-year basketball career with one of his finest ball-hogging performances, Kobe Bryant is seeking a new frontier. Kobe, who’s probably been bored out of his mind for the past few months, is looking to transfer his hardwood legacy to the world of Wall Street. Today he unveiled the Bryant Stibel investment firm.

From Wall Street Journal:

Mr. Bryant, who turns 38 Tuesday, isn’t going it alone: He is partnering with 43-year-old Jeff Stibel, a longtime entrepreneur and investor who was introduced to Mr. Bryant by a mutual friend. They have named their firm Bryant Stibel and will be based in Los Angeles.

The two have been invested in 15 companies since 2013, but only after Mr. Bryant’s retirement from basketball have they decided to formalize their relationship and fund.
The two men are contributing the $100 million—which they expect to invest over the next few years—and aren’t seeking outside investors yet.

Current investments include sports media website The Players Tribune, videogame designer Scopely, legal-services company LegalZoom, a telemarketing-software firm called RingDNA and a home-juicing company called Juicero.

That’s right folks, the same guy who once walked into a Ferrari dealership and wrote a check for a 458 Italia is ready to show off his other, non-athletic talent — spending the fuck out of some money. Get your home-juicing company off the ground with the Mamba of Wall Street (and his buddy, Jeff) or just wallow in obscurity. Everyone knows that high school diplomas are the new MBAs, and nothing screams “business sense” like dropping cash on three houses in the same zip code.

You’d be crazy not to pitch your idea Kobe Bean’s way. This dude makes enough money from his clothing line alone to toss you a couple Gs. Dude’s a giver at heart. If you’re reading this, Mamba, I have a killer tech idea to make anyone’s porn watching experience ideal. Drop me a line and we’ll rap about it.

[via Wall Street Journal]

Image via Shutterstock

Karl Karlson is TFM's self-proclaimed cartoon expert and your best buddy. He resides in the mountains of NC where he wrestles black bears and attempts to grow a beard. Karl gave up liquor following an unfortunate incident involving tequila and a vacuum cleaner, but he isn't above a nice stout on the porch.

More From Karl Karlson »

Comments

You must be logged in to comment. Log in or create an account.

Click to Read Comments (8)