Kobe Bryant Invested $6 Million in Tech 5 Years Ago, Now It’s Worth $200 Million
Kobe Bryant retired from the NBA after a glorious 20-year career as a basketball player that earned him over $330 million. After retirement he decided to pursue a career in venture capitalism and entrepreneurship. In 2016, the former Lakers teamed up with investing powerhouse Jeff Stibel to start a multi-million fund for tech firms.
They have partnered with 15 tech companies since they founded the fund in 2013 and are offering $100 million in investment for up-and-comers in the growing industry. The money was focused on data, tech, and media companies including4 The Players’ Tribune, LegalZoom, and a video game design company called Scopely.
In 2018, Bryant participated in a fundraising for a startup named ringDNA, which provides a platform to enterprises for effective sales management. Investors manage to raise over $30 million in the investment round. The fund-raising campaign was spearheaded by the investment firm Palisades Growth Capital and overseen by Goldman Sachs. Both Bryant and Jeff Stibel were at the forefront of the campaign.
The company uses the power of artificial intelligence to analyse the client firm’s conversion date and help its sales team to build a better relationship with customers. ringDNA has reported consistent profit growth for the past two years and it plans to become even more profitable after using the funds from the latest investment round to grow their business even more.
More in LifeStyle
Meet The Top Five YouTubers Who Have Earned A Lot of Money And Fame
YouTube has been catering to audiences on a global scale over the years and has been the go-to platform for amazingly...September 9, 2019
Here Are Ways To Live A Plastic-Free Life
The world is literally choking under millions of tons of plastic, and every day, the amount soars even higher. It seems...September 5, 2019
Here’s Why A Solid Daily Routine Is Your Best Friend!
Many people simply shudder at the thought of routine. However, having a routine does not mean a strict day that has...September 4, 2019
A Glimpse Into Some Of The Most Unique Hobbies Of Billionaires
Robert Frank, who hosts CNBC’s Secret Lives Of The Super Rich, probably has the most coveted job anywhere on television. The award-winning journalist is...September 3, 2019
Top Five Restaurants In The USA That Serve Healthy and Wholesome Food
“We are what we eat”, as the age-old adage goes. You might be a big fan of that upscale steakhouse or...September 2, 2019
Ten Ways To Earn A Six-Figure Salary Without A College Degree
The majority of American students aspire to enroll in a good university once they finish high school, but not everyone is...September 1, 2019
Five Celebrities Who Are Silently Doing Their Part To Save The Environment
A number of celebrities around the world are using their power as well as their status to contribute towards saving the...August 29, 2019
Five Effective Ways To Make Your Money Last Longer
For many, living a long life is a reward. Everyone aspires to live a long and happy life. Let’s say you...August 27, 2019
Five Real-Life Stories Of Bootstrapped Businesses That Will Motivate You Right Away
Starting a business without enough funding can be quite challenging. But we have enough great examples in front of our eyes...August 27, 2019