Kobe Bryant is making power moves in retirement, revealing his $100 million foray into the world of venture capitalism
Kobe Bryant doing anything but playing for the Los Angeles Lakers still feels wrong. After that being the norm for 20 years, him doing anything else still requires an adjustment mentally as a fan. However, he’s moving on in a big way. In fact, he’s taking head-first dives into avenues that many didn’t see coming.
On Monday, news broke that Kobe is partnering in the start of a $100 million venture capital fun. Bryant is partnering with the former Web.com President and CEO Jeff Stibel to form Bryant Stibel. According to the report from Forbes, Bryant Stibel is already in action. The fund is already investing in major companies, three of the most notable being The Players Tribune, Scopely, and LegalZoom.
Bryant Stibel is just the latest avenue that Kobe is exploring post-retirement. We’ve already seen about his foray’s into storytelling and his continued work with Nike Basketball. However, this is a whole new side to Kobe Bryant the non-basketball player. It’s also not a surprising one given what we know about Kobe from his NBA career.
As a leader and competitor, there aren’t many who have entered the league with the same menace and cutthroat mentality that Kobe possesses. So it stands to reason that he’d take that same mentality into the business world. Subsequently, he then seems like a natural fit for venture capitalism and investments. After all, there aren’t many business worlds as shrewd as that.
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Considering that this has been something clearly ongoing that’s just now being released, it wouldn’t be a shock to see even bigger things on the horizon. Bryant Stibel already has their hands on some big investments. However, the safe guess would be to say that Kobe is just getting started.