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Kobe Bryant and Jeff Stibel Unveil $100M Venture Capital Fund

70 points| dacm | 9 years ago |wsj.com | reply

17 comments

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[+] btrautsc|9 years ago|reply
I am legitimately afraid for founders who show up to meetings/ pitches unprepared.

Kobe Bryant was an idol of mine growing up, and the stories of his obsessive preparation and competitiveness are simply incredible. He is an extremely smart, driven person. I can envision him being ruthless.

Link to a random Olympics all night training session story: http://www.businessinsider.com/kobe-bryant-woke-up-at-4-am-t...

[+] soperj|9 years ago|reply
I always find that in retrospect that these are the kind of announcements you see right when something has jumped the shark.
[+] mason55|9 years ago|reply
Doesn't seem much different than Ashton Kutcher's VC fund
[+] dopeboy|9 years ago|reply
As a big Kobe fan, I'm excited to see what his career will be like post career. I hope he takes a hands-on approach with this venture rather than just have his money managed. There's a lot he can bring from playing competitive basketball to the startup world.
[+] damienkatz|9 years ago|reply
I'd certainly give him a better chance at success than most athletes have post career. He might be the next Magic Johnson. But as Michael Jordan has shown, tenacity and work ethic on the court don't necessarily translate to business success.
[+] gigatexal|9 years ago|reply
same. he's got the tenacity to do big things
[+] ilostmykeys|9 years ago|reply
$100M for a seed fund, right? Can't imagine $100M being a serious play for anything other than a seed fund. I think he'd make a good board member, not so much as an early stage investor.
[+] slowandlow|9 years ago|reply
Insane work ethic and one the greatest. I really like this move. Founders beware, you must be prepared and confident.
[+] clairity|9 years ago|reply
bryant|stibel has actually been investing for a couple years out of a smaller fund in LA but they've been fairly low key about it. this seems to be the big coming out party, with a much larger fund to play with now that kobe is "retired". =)