Kobe Bryant launches a $100m VC Fund

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.

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