By Zach Harper, cbssports.com
Many wondered what Kobe Bryant would be up to after 20 years in the NBA and a Hall of Fame career that included five NBA championships. We know he has an interest in making films but his reach will now go far beyond movies and documentaries.
Kobe announced on Monday that he’s partnering up with former Web.com president Jeff Stibel to start a $100 million investment fund. The fund will focus on media, technology, and data. It has already invested in 13 companies, including The Players’ Tribune, LegalZoom, and a video game design company called Scopely. The fund is not currently accepting outside outside investors. From ESPN:
Kobe Bryant announced Monday that he was starting a $100 million media, technology and data fund.
Bryant will partner with investor Jeff Stibel, the vice chairman of Dun & Bradstreet, chairman of brain implant system BrainGate and former president of Web.com. Bryant has been privately investing with Stibel.
“This is one of my passions,” Bryant said on CNBC after he rang the opening bell Monday on the New York Stock Exchange. “We are one gear, 100 percent laser-focused, and here we go.”
Bryant rang the bell at the New York Stock Exchange Monday morning as they made the announcement. He’s even designed the logo for Bryant Stibel. During his career, Kobe made an inordinate amount of money just through endorsements that reach all over the world. His business dealings with China alone are enough to take care of his family for a very long time.
His playing career salaries brought in roughly $330 million over his 20 years. With his creative and relentless reputations combining in this venture, it’s safe to say he should be quite successful with Stibel as they continue to invest in the tech industry.