Kobe Bryant, investor

This, from Will Bunch of the Daily News, pretty much sums it up:

Big deal…another rich dude from Lower Merion starting a venture capital fund https://t.co/GA91BlS5Go

— Will Bunch (@Will_Bunch) August 22, 2016

As Vanity Fair reports, the former NBA star and Lower Merion High product, will “invest in media, technology, and data companies over the next few years.”
Bryant is launching the Los Angeles–based firm with entrepreneur Jeff Stibel, who told the Wall Street Journal:

“We don’t want to be in the business of investing in companies so someone can use Kobe as an endorser. That’s not interesting,” said Mr. Stibel, who began his career in brain research and later founded and developed tech companies. “The point is to add real value.”

The duo’s current investments include athlete-friendly media site The Players Tribune, video game studio Scopely, legal-services website LegalZoom and Juicero, the makers of a super-trendy blender.