LKM

Link Motion Inc. American Depositary Shares, each representing five Class A common shares

0.1539
USD
-26.33%
0.1539
USD
-26.33%
0.1539 3.9400
52 weeks
52 weeks

Mkt Cap 13.53M

Shares Out 87.92M

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

Retired NBA star Kobe Bryant, right, and investor Jeff Stibel are contributing their own money...

Meet Kobe Bryant, venture capitalist.

The retired NBA star will today unveil his venture-capital fund, a $100 million vehicle for investing in technology, media and data companies.

Mr. Bryant, who turns 38 Tuesday, isn’t going it alone: He is partnering with 43-year-old Jeff Stibel, a longtime entrepreneur and investor who was introduced to Mr. Bryant by a mutual friend. They have named their firm Bryant Stibel and will be based in the Los Angeles area.

The two have been invested in 15 companies since 2013, but only after Mr. Bryant’s retirement from basketball have they decided to formalize their relationship and fund.

The two men are contributing the $100 million—which they expect to invest over the next few years—and aren’t seeking outside investors yet.

Current investments include sports media website The Players Tribune, videogame designer Scopely, legal-services company LegalZoom, a telemarketing-software firm called RingDNA and a home-juicing company called Juicero.

In an interview, the two men said their skills complement each other, with Mr. Stibel bringing experience building companies and Mr. Bryant contributing a creative, if obsessive, flair for details around marketing, branding and storytelling. He, in fact, designed the company’s new logo with...


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