Kobe Bryant Has Set Up a $100 Million Venture Capital Fund Bryant has teamed up with tech entrepreneur and investor Jeff Stibel to launch Bryant Stibel, which will be based in Los Angeles.

By Lara O'Reilly

This story originally appeared on Business Insider

Joe Scarnici | Getty Images
Kobe Bryant

Retired basketball player Kobe Bryant has set up a $100 million venture capital fund that will make investments in technology, media, and data companies, The Wall Street Journal reported Monday.

Bryant has teamed up with tech entrepreneur and investor Jeff Stibel to launch Bryant Stibel, which will be based in Los Angeles.

They are not currently seeking outside funding.

The two have already invested in 15 businesses together since 2013, including the sports media website The Players Tribune, the telemarketing software company RingDNA and the video game design firm Scopely.

They hope the fund will offer a complementary combination of their skillsets. Stibel is perhaps best known as the former chief executive of the public tech company Web.com. He has also founded numerous other tech and marketing companies and is a brain scientist.

Bryant on the other hand, is expected to offer his creative and marketing expertise -- he even designed the Bryant Stibel logo himself.

In an interview with The Journal, Bryant noted that people may draw the comparison between his fund and that of New York Knicks star Carmelo Anthony, who set up early-stage investment fund Melo7 Tech Partners, or of his former Los Angeles Lakers teammate Shaquille O'Neal, who has also made a series of investments in technology and media startups.

Bryant said: "I think it's interesting that the immediate reaction from people would be competitiveness between myself and others. I'm more interested in how I can help Shaq, Melo, or [NBA player Andre] Iguodala."

Lara O'Reilly

Contributor

Want to be an Entrepreneur Leadership Network contributor? Apply now to join.

Side Hustle

I've Made Hundreds of Thousands of Dollars With a Fun Side Hustle — And You Might Have Seen Me Doing It on TV

Phil Schraeder, CEO at GumGum Advertising, turned a childhood passion into a lucrative side gig.

Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business Solutions

Boost Your Bottom Line by Learning Advanced Excel Features for Only $35

No prior Excel experience is required to learn the program's features—from beginner to advanced—including how to use it with ChatGPT.

Business News

Codie Sanchez's Contrarian Thinking Announces the Appointment of Marc Hustvedt, Former MrBeast President

Hustvedt will serve as President of the hugely popular financial education and empowerment media company.

Thought Leaders

5 Obstacles Keeping You from Being an Effective Leader

Common problems that can hinder you from being someone who inspires and motivates, and how to overcome them.

Business Solutions

How to Master Public Relations and Build Lasting Trust in a Changing World

Public relations is essential for business leaders to understand in today's fragmented media landscape. This article explains how PR builds trust and credibility through ethical, non-promotional communication, helping brands connect with skeptical and savvy audiences.