| posted on 8.23.2016 at 03:44 AM
Kobe Bryant reveals his $100 million venture capital fund
Remember Kobe Bryant, the iconic Los Angeles Lakers point guard who recently retired from the NBA.
WELL....let's take a look at his (Kobe's) next career choice. (A Warren Buffet wanna-be) If you're not sure who Warren Buffet is, Google his name
and read his history. So without further ado....
_Bryant's role in the fund was first reported by The Wall Street Journal.
The future Hall of Famer's interest in business has been well documented. Speaking on an episode of The Bill Simmons Podcast that was published in
April, "Shark Tank" star and venture capitalist Chris Sacca discussed Bryant's entrepreneurial ambitions.
Sacca said that Bryant reached out to him a few years ago to learn more about the industry. Sacca recommended Bryant learn about investing through Ted
Talks, other videos and articles -- and was surprised when he did. "He was bringing the same obsessive work ethic to learning about startups that he
does to training... This is a very unique personality type that I only kind of see in some of our very best entrepreneurs," Sacca said.
On "Squawk on the Street," Bryant said he hopes his legacy will be for investing, rather than basketball.
"Playing basketball, the focus is always on winning -- winning championships, winning championships, winning championships," Bryant said. "Now,
championships come and go... But if you really want to create something that lasts generations, you have to help inspire the next generation...
That's when you create something forever. And that's what's most beautiful."
Of Bryant, Stibel told CNNMoney, "We are very much equal partners." He specified, however, that their roles differ. "Kobe focuses on leadership,
inspiration, storytelling," while Stibel primarily handles "operations, strategic directions for companies," and growth.
According to its website, Bryant Stibel aims to invest in technology, media and data companies with a focus on those in the sports and wellness
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