LA Lakers legend Kobe Bryant has had enough of kicking his feet around for retirement. He just announced a $100m venture capital fund he’s starting with friend and long time partner Jeff Stibel.
The two are putting up the money themselves and already have interests in a few startups including LegalZoom.
I’m proud of Kobe going a different route from the usual and using his money to enter the risk taking arena. I hope it pays off for him. More black athletes should have the boldness to make such moves because that’s one of the best ways to grow the $.
They made the announcement on the floor of the NYSE, which is the kind of splash you make when you’re Kobe F. Bryant.
Read more about the story at WSJ.
