---
title: Kobe Bryant Is Launching a $100 Million Venture Capital Fund
description: And he's using his own money to fund it.
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published: '2016-08-22T14:07:24.000Z'
modified: '2024-04-17T03:25:07.000Z'
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![Teen Choice Awards 2016 - Roaming Show](https://img.money.com/2016/08/gettyimages-584907636.jpg)
*Former NBA player Kobe Bryant speaks onstage during Teen Choice Awards 2016 at The Forum on July 31, 2016 in Inglewood, California.*

Kobe Bryant is launching a venture capital fund with investor Jeff Stibel today, [the Wall Street *Journal* reports](http://www.wsj.com/articles/kobe-bryant-and-jeff-stibel-unveil-100-million-venture-capital-fund-1471838403).

The $100 million fund, Bryant Stibel, will invest in media, data, and technology companies. The two men have reportedly invested in 15 companies in the past three years.

The Los Angeles-based business partners are not currently seeking outside funding, and are investing the $100 million themselves. So far, they have invested in companies including the [Players Tribune](http://www.theplayerstribune.com/), a sports website, and LegalZoom, legal-services company, among others. According to the report, Stibel has the business know-how, while Bryant will provide the marketing direction.

***Read More: [These Olympians Are Going for the Gold on Wall Street](https://money.com/2016-rio-olympics-wall-street/)***

The *Journal* notes that Bryant is far from the first basketball player to try his hand in the VC world. Shaquille O’Neal, Carmelo Anthony, and Steph Curry have also invested in startups.

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