NBA Legend Bryant Launches Venture Capital Fund with Eye on Housing Tech

This Laker legend’s myriad of prestigious awards throughout his hall of fame bound basketball career have been truly remarkable to witness. And now, the “Black Mamba” seeks to gain clout in a new arena, equipped with a 100 million dollar portfolio and a seasoned venture capital veteran as his partner.

According to the Wall Street Journal, Bryant is partnering with Jeff Stibel, a “longtime entrepreneur and investor,” to launch of a new venture capital fund that bares both Bryant and Stibel’s names – Bryant Stibel.  One of the key initial investments made by Bryant and Stibel so far jumps out to those in housing – HouseCanary, a provider of software and analytics for the real estate industry.

Bryant rang the bell to open the New York Stock Exchange recently, and told CNBC afterwards that he would rather be known for his investing career than for his basketball one.

From CNBC:

“Playing basketball, the focus is always on winning. Winning championships, winning championships, winning championships. Now, championships come and go. There’s going to be another team that wins another championship, another player that wins another MVP award.” Bryant told CNBC’s “Squawk on the Street.”

“But if you really want to create something that last generations, you have to help inspire the next generation, and they create something great, and then that generation will inspire the one behind them, right? And that’s when you create something forever. And that’s what’s most beautiful,” he said.

According to both the Wall Street Journal and CNBC, Bryant Stibel will focus on investing technology, media, and data companies.

Per the WSJ report, Bryant and Stibel have already been investing together since 2013. A separate WSJ report details some of their earlier investments, including an investment in LegalZoom, a website that offers “do-it-yourself” legal documents, and a pre-IPO investment in Alibaba, the Chinese mega-company.

There aren’t any other housing companies in the first round of investments from Bryant and Stibel, but the men have $100 million earmarked for further investing and an apparent affinity for investing in housing tech.

Maybe Bryant needs some investing ideas for the next round of Bryant Stibel funding. Where do you think he should invest in housing tech? We’d love to hear from you!

You can read the original article here.

  • RE_Insider

    We received this email regarding our story: My work has always been predicated on actual life movement, so my idea is that Bryant Stibel add stats on what each generation (internationally) is actually doing.
    Such as Babyboomer: info from housing moves compared to stock moves for themselves:setting up for family … To if they are going back to or stopping to play tennis, golf etc. What cars do the like etc.

    Gen X: What are they doing in RE and what are their priorities to hobbies. What is their biggest concerns for the country, their state and their family or even their lifestyle
    Same for high seniors to predicting – based on stats, what our young children will be seeking in status, environment, RE, cars, family fun, etc.

    Overall: How does each generation stack up as far as RE affordability, interest to own houses, commercial, income properties..
    Based on what each generation has, does, wants, worries about. (Generations sometimes have to be broken into 3 groups-such as oldest and youngest Babyboomer)
    Real Estate movement is a reflection of all these items.

  • Umberto

    Interesting comment below VV I would just say that Kobe probably needs to rely on his advisors for advice! Ha!