Kobe Bryant is investing $one hundred million in technology, media and information businesses

Kobe Bryant may have hung up his jersey from basketball, but he’s nonetheless rough at work. Get the deets on his manufacturer new $100 million venture-capital fund within…

existence after basketball is watching excellent for retired NBA baller Kobe Bryant.  Fairly good.

The former Laker, who turns 38 tomorrow, simply unveiled his venture-capital fund, a $one hundred million auto for investing in technological know-how, media and information businesses, consistent with the Wall avenue Journal.  Yep, he’s looking for companies and folks to stuff $a hundred millie into.

Kobe has joined forces with longtime entrepreneur and investor Jeff Stibel (who began his career in brain study and later founded and developed tech firms) to begin their own firm known as Bryant Stibel that will be established in L.A. They’re coughing up $one hundred million which they assume to speculate over the following few years with out seeking any external investors but.
Considering the fact that 2013, the 2 have invested in over 15 businesses, but they made up our minds to make their partnership reliable as soon as Black Mamba left the league. So far, they’ve invested in corporations like physical activities media internet site The gamers Tribune, videogame designer Scopely, legal-offerings company LegalZoom, a telemarketing-application corporation called RingDNA and a residence-juicing enterprise known as Juicero.

In an interview with WSJ, Kobe said, “normally which you could spot it right away, other instances no longer so much. It’s the internal belief that a person has that he'll endure no matter what the problem could also be. It’s that persistence, the entrepreneur doing what she or he real believes in and truly loves to do.”
They’re now not looking to spend money on corporations with a view to use Kobe as an endorser; they’re looking so as to add price to the corporations they’re investing in. Jeff informed the publication,

    “We don’t want to be within the industry of investing in firms so any individual can use Kobe as an endorser. That’s no longer interesting. The point is to add actual value.”

Kobe mentioned his principal focus proper now's to support others emerge as positive:

    “Age tends to give you standpoint. The primary factor I experience now's helping others be victorious. I revel in doing that so much way more, that’s whatever that lasts forever, and hope they do that for the following generation.”
nice!
Like most athletes after retirement, Kobe is coming into a new realm of competitors.  He mentioned he’s now not looking to compete with different NBA stars, however he’s looking to lend a serving to hand:

    “I believe it’s interesting that the on the spot reaction from persons could be competitiveness between myself and others. I’m more inquisitive about how i can aid Shaq, Melo [Anthony] or [NBA player Andre] Iguodala.”

That’s what’s up. Congrats Kobe!