Retired NBA star Kobe Bryant is moving to Wall Street, announcing the formation of a $100 million venture capital fund to invest in media, technology and data companies.
The fund, known as Bryant Stibel, is being co-managed by investor Jeff Stibel. The two met through mutual friends, Stibel said.
Bryant Stibel has already made investments in 15 companies, including LegalZoom and home juicing company Juicero, according to their website. The firm was founded in 2013, but is going public now with the retirement of Bryant from the Lakers.
Stibel said the firm is focused on companies at all stages of growth.
"We are actively looking for great entrepreneurs, but...