Find Out

Many companies featured on Money advertise with us. Opinions are our own, but compensation and
in-depth research determine where and how companies may appear. Learn more about how we make money.

By Alicia Adamczyk
August 22, 2016
Teen Choice Awards 2016 - Roaming Show
Former NBA player Kobe Bryant speaks onstage during Teen Choice Awards 2016 at The Forum on July 31, 2016 in Inglewood, California.
Kevin Mazur/Fox—Getty Images for Fox

Kobe Bryant is launching a venture capital fund with investor Jeff Stibel today, the Wall Street Journal reports.

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, 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

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.