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Kobe Bryant starting $100 million media, technology and data fund

Kobe Bryant has entered the world of finance in a big way. Appearing on Wall Street Monday, the NBA legend announced he’s starting up a $100 million media, technology and data fund.

ESPN’s Darren Rovell provided some photos capturing Bryant’s big moment.

“This is one of my passions,” Bryant said on CNBC after he rang the opening bell Monday on the New York Stock Exchange (h/t Rovell). “We are one gear, 100 percent laser-focused, and here we go.”

Bryant is partnering with Jeff Stibel, a “longtime entrepreneur and investor who was introduced to Mr. Bryant by a mutual friend,” per Dennis K. Berman of the Wall Street Journal.

The new venture has invested in 13 companies already, including The Players’ Tribune, video game designer Scopely and LegalZoom.

Bryant and Stibel invested the entire $100 million without seeking the help of outside investors. At this point, the venture is not open to others.

“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.”

Interestingly, Bryant developed the logo himself, which was inspired by piano keys.

No doubt, the two venture capitalists hope they will play sweet music together in the coming years and that their monumental investment pays off.

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