Kobe Bryant starts $100 million investment fund

In this Monday, Aug. 22, 2016, photo provided by the New York Stock Exchange, retired NBA star Kobe Bryant visits the exchange, in New York. Bryant has partnered with Jeff Stibel, an entrepreneur and investor, to form the $100 million venture-capital firm Bryant Stibel, based in Los Angeles. (New York Stock Exchange via AP)
In this Monday, Aug. 22, 2016, photo provided by the New York Stock Exchange, retired NBA star Kobe Bryant, center, rings the opening bell with executives and guests of Bryant Stibel, at the NYSE in New York. Bryant has partnered with Jeff Stibel, an entrepreneur and investor, to form the $100 million venture-capital firm based in Los Angeles. (New York Stock Exchange via AP)

NEW YORK — Retired NBA star Kobe Bryant is moving to Wall Street, announcing the formation of a $100 million venture capital fund to invest in media, technology and data companies.

The fund, known as Bryant Stibel, is being co-managed by investor Jeff Stibel. The two met through mutual friends, Stibel said.

Bryant Stibel has already made investments in 15 companies, including LegalZoom and home juicing company Juicero, according to their website. The firm was founded in 2013, but is going public now with the retirement of Bryant from the Lakers.

Stibel said the firm is focused on companies at all stages of growth.

"We are actively looking for great entrepreneurs, but we are in no hurry to deploy capital," he said.

Bryant earned roughly $680 million in salary and endorsements during his 18-year NBA career, according to Forbes, and has been in the process of transition from professional athlete to businessman. Bryant created a company in 2014 called Kobe Inc. to help handle his image.

You may also interested in

Phoenix trial begins for NBA players accused of assault

Sep 14, 2017

Jury selection in the aggravated assault trial of NBA twin brothers Marcus and Markieff Morris concluded after the eight-member panel was chosen

Ex-tennis great avoids Qantas over same-sex marriage edict

May 25, 2017

Former tennis great and now Christian pastor Margaret Court says she will stop using Qantas "where possible" in protest over the Australian airline's promotion of same-sex marriage

Cavaliers execs reject Irving trade talk, deny team in chaos

Jul 26, 2017

Cavs owner refutes Irving trade demand, expects All-Star guard to be in training camp

People also read these

Phoenix trial begins for NBA players accused of assault

Sep 14, 2017

Jury selection in the aggravated assault trial of NBA twin brothers Marcus and Markieff Morris concluded after the eight-member panel was chosen

Ex-tennis great avoids Qantas over same-sex marriage edict

May 25, 2017

Former tennis great and now Christian pastor Margaret Court says she will stop using Qantas "where possible" in protest over the Australian airline's promotion of same-sex marriage

Cavaliers execs reject Irving trade talk, deny team in chaos

Jul 26, 2017

Cavs owner refutes Irving trade demand, expects All-Star guard to be in training camp

Weather, 20 December
Houston Weather
+7

High: +11° Low: -2°

Humidity: 83%

Wind: NNE - 7 KPH

Canberra Weather
+27

High: +27° Low: +17°

Humidity: 87%

Wind: W - 20 KPH

Roissy-en-France Weather
+6

High: +6° Low: -5°

Humidity: 87%

Wind: ENE - 7 KPH

Florence Weather
+9

High: +9° Low: +6°

Humidity: 97%

Wind: ENE - 17 KPH

Parga Weather
+7

High: +16° Low: +4°

Humidity: 100%

Wind: SE - 25 KPH