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Kobe Bryant Is Launching a $100 Million Venture Capital Fund

By:
Alicia Adamczyk
1 min read
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
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.

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