Last week, after 19 seasons in the National Basketball Association (NBA), a Baltimore icon who was named an NBA All-Star ten times and an All-NBA Team member six times retired from the game of basketball. But he’s staying busy by remaining a but remains a mainstay in tech venture capital
A local hero who spent pivotal time growing up in Baltimore City, Carmelo “Melo” Anthony bid farewell to the NBA after an illustrious 19-season career. Known best in Baltimore for his contributions to community, style and flare on the court, this remarkable individual seamlessly transitioned into the world of tech venture capital investment and entrepreneurship while playing in the league. Although his basketball journey has come to an end, Anthony’s impact on the tech industry has run for nearly a decade since the founding of Melo7 Tech Partners in 2013.
Established nine years ago by Anthony and Stuart Goldfarb, Melo7 Tech Partners is a New York-based venture capital firm specializing in seed, early- and later-stage investments. From day one, the firm set out to identify and support emerging digital media, consumer internet and other technology-related ventures. Its founders aimed to foster innovation and assist startups in realizing their potential.
Goldfarb did not immediately return Technical.ly’s comment request.
With what we imagine to be as visionary an approach as Melo’s spin move on the basketball court, Melo7 Tech Partners became an early investor in numerous successful companies that have reshaped industries and left a lasting impact. Collaborating with prominent venture capital firms like Andreessen Horowitz and Accel, Melo7 Tech Partners has played a vital role in the success stories of well-known companies.
Since its inception, Melo7 Tech Partners put money into Lyft, the pioneering ride-hailing platform; DraftKings, a leading sports entertainment platform; SeatGeek, a disruptive event ticketing platform; Bonobos, a men’s fashion brand revolutionizing e-commerce; Andela, a global talent sourcing leader; Vivino, an innovative wine app; Overtime, a rising star in the sports media landscape; and Clubhouse, the audio-based social networking sensation.
The following 2022 tweet and associated thread break down some of Melo’s investments:
Melo's brands and NBA career have given him vast experience in the business world.
Here are his 4 best investments:
— Andrew Petcash (@AndrewPetcash) August 17, 2022
While Carmelo Anthony’s basketball career has concluded, his journey as a tech venture capitalist nurturing innovation and supporting startups continues with Melo7 Tech Partners. His retirement from the NBA marks the end of an era on the basketball court, but this investment work sees him keeping up the impact he’s made. Maybe Melo7 Tech Partners will contribute to the momentum in Baltimore and invest in some Baltimore area startups next?
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