We now know how Kobe Bryant will spend retirement: he’s opened his own venture capital firm.
Bryant has partnered with entrepreneur Jeff Stibel to launch Bryant-Stibel. Let’s hope their choice in which businesses to fund is better than their creative naming scheme.
Win a trip to Amsterdam!
We've teamed up with Product Hunt to offer you the chance to win an all expense paid trip to TNW Conference 2017!
Stibel will do the heavy lifting, providing guidance on building companies (like a proper VC) while Bryant will make his mark with “marketing and storytelling” (like a guy with a lot of cash and no idea what to do with it).
The duo have already invested in 15 companies, and are contributing $100 million of their own money to Bryant-Stibel.
While Bryant won’t serve as a pitchman for any of the companies his firm has funded (“that’s not interesting” says Stibel), but will look for startups with an intense work ethic — just as he had while in the NBA.
He was also a dogged competitor who often brow-beat younger players on his team into submission. Let’s hope he’s a bit kinder as a VC.