Startups

Michael Phelps, angel investor?

The Baltimore native is thinking about expanding his portfolio, the AP reports.

Michael Phelps in 2009, when he needed a razor. (Photo via Wikimedia Commons)

Michael Phelps is an all-time Olympic legend. The Baltimore native also retired in his early 30s after a meteoric, if occasionally bumpy, rise.
Now that he’s out of the pool, Phelps says he is ready to invest. Per the AP:

“I would love to get involved, whether it’s in a couple little startups here and there, take a little risk, have some fun and see where it goes,” Phelps said in an interview during a recent visit to San Jose, California, while appearing at Intuit’s QuickBooks software conference.

The AP reports that Phelps probably won’t go all Kobe Bryant and create his own fund, but he has been talking with VCs and said, “I am getting my feet wet.”
While it may be news to California, Phelps’ investments actually began last year. He signed a deal to become a pitchman and invest in Baltimore ecommerce company 800razors.com. The company was acquired by Golden, Colorado-based ShaveMob earlier this year. His personal brand also showed some tech chops with some cool Phelpsmoji.
We’ll offer a friendly reminder that Baltimore has plenty more tech companies, too.

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