LA Lakers Legend Kobe Bryant Launches Tech Fund
Kobe Bryant
Los Angeles - Arab Today
Kobe Bryant, who retired this season after one of the most successful NBA careers of all-time, is hoping his greatness transfers to the finance world.
Bryant reveled Monday that his $100 million fund revolves around investments in technology, media, and data companies, UPI reported today. He is partnering with Jeff Stibel on the venture. Stibel, 43, and Bryant, 37, have named their Los Angeles firm "Bryant Stibel." Bryant Stibel's portfolio includes: The Players' Tribune, LegalZoom, and Chinese e-commerce titan Alibaba. The duo has invested together in 15 companies over since 2013. Both men are contributing to the $100 million and aren't seeking outside investors.
Bryant retired with $680 million in salary and endorsements after a 20-year playing career, according to Forbes.
Source: QNA
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