Kobe Bryant Launches $100M Venture Capital Fund – How Will Black Entrepreneurs Factor In?

Jeff Stibel and Kobe Bryant launch new venture fund capital Bryant Stibel (NYSE Twitter)
Image: NYSE Twitter

Kobe Bryant unveiled his post-retirement game plan today with a new self-funded venture capital firm. Jeff Stibel — formerly of Web.com — co-manages Bryant Stibel with the ex-baller. It marks the duo’s first official investment teaming.

According to the Wall Street Journal, the $100 million fund will invest in the tech, media and data areas.

Since 2013, Bryant and Stibel have informally funded 15 companies.

Now with Bryant Stibel, the group is currently invested in 13 companies, such as The Players Tribune and LegalZoom. The Los Angeles, California-based firm is not looking for outside investments.

More from Atlanta Black Star

Posted by The NON-Conformist

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s