FintekNews Deal of the Day – Kobe Bryant Launches $100M VC

Note from the CEO: We at FintekNews realize that this story on Kobe Bryant going into venture capital is not going to sneak up on you, BUT it is a big story. Life after basketball…..golf? (been done) Owning a team? (yawn, already done) Venture capital? Technology? Yeah baby!! We will all be watching. Bet we won’t see robots shooting jump shots though.

“Slowly but surely, more sports stars are venturing into the world of becoming an investor. Thierry Henry started growing an interest in technology in media several years ago. Kobe Bryant recently announced he would launch a US$100m VC fund, focusing on technology, data companies, and media. An exciting development that may shake up VC funding as we know it.

Even though Kobe Bryant has retired from the NBA, he will continue to make headlines. Sports stars are transforming into beings with a wide variety of interest. More importantly, they become savvy entrepreneurs and investors over time as well. This to-be-announced US$100m VC fund by Kobe Bryant is a clear example of how these athletes are thinking ahead.

With a strong focus on technology, media, and data companies, Bryant and partner Jeff Stibel have a clear vision for their VC fund. The firm will be named Bryant Stibel, and is operating out of the Los Angeles area. With a US$100m budget, both entrepreneurs can look for new companies to invest in.”

Read Full Article at TheMerkle
Read Kobe Bryant’s Profile at Crunchbase