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Business

Kobe Bryant launches investment fund

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Opening sequence

Business

Kobe Bryant launches investment fund

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COMING UP:Kobe Bryant launches investment fund

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Transcript

00:00:00
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NOISE] K
be Bryant ringing in the next phase of his life, launching a $100 million venture capital fund. His teammate, serial tech entrepreneur and investor Jeff Stibel. The fund unveiled Monday called Bryant Stibel, will be based in Los Angeles and focus on areas where tech meets media meets data.
00:00:20
Current investments include video game designer Scopely which Kobe says is quote, on fire now, and legal services company, Legal Zoom. The former NBA, MVP and five time champion LA Laker says he's getting better at reading balance sheets, but what he really brings to the table are his storytelling chops.
00:00:41
Bryant's transition from basketball star to investor isn't a new path. Former teammate Shaquille O'Neal has also made a number of investments in tech and entertainment startups. According to Forbes, Kobe ranked Number 10 on the 2016 list of the world's highest-paid athletes, with $50 million in salary and endorsements.
00:01:01
He's plowing some of his earnings back into this fund, but for now, there's no way for mere mortals to get in on the action. The investment duo say they wanna learn and grow for now on their own dime.