Skip to main content

Kobe's fund is valuated at $2 billion and he is "open to owning a sports franchise"


Kobe's been retired for three years and already has the most illustrious post-basketball career of any NBA player ever. In those three years, Kobe won an Academy Award for "Dear Basketball," published two books in the Wizenard Series, his company Kobe Inc. has Coca-Cola Inc. as the minority owner, and his venture capital firm Bryant-Stibel started in 2016 with $100 million funding and is currently valuated at about $2 billion.

That venture capital firm was the reason for Kobe and his partner Jeff Stibel to appear on CNBC and talk about their success and future vision of the fund. Kobe pointed out his name wasn't publicized in the beginning because they wanted to have some results that can't be commented with "they got it purely on Kobe's name." The company invested in Dell Technologies, Alibaba, Flixbus, and many other successful companies. So what's next?

The obvious question was - are they interested in buying a team? We see how NBA teams valuations go up. Jerry Jones, the owner of the Dallas Cowboys, said he believes the future of streaming in getting live sports on Amazon or Netflix and that such a development would increase the valuation of the Cowboys for 50%. Here's how Kobe responded to that question.

Scroll to Continue

Recommended Articles

There's only one answer that could get Kobe in "hot water." Working in the venture capital world and having such a successful firm gives Kobe an amazing position to be a serious bidder if any team comes on the market, or if the NBA decides to expand to 32 teams.

Imagine an NBA in 10 years where MJ owns the Hornets, LeBron the Cavs and Kobe the Lakers. May not be as farfetched as you think.

Houston Rockets' big man Hakeem Olajuwon and Ralph Sampson

"We were the original 'Twin Towers'” - Ralph Samson on playing with Hakeem Olajuwon in the Houston Rockets

Ralph Sampson looked back at his legacy with Hakeem Olajuwon as the original "Twin Towers."

JJ Redick & Phoenix Suns

JJ Redick shares what makes the Phoenix Suns an even better team and a legitimate contender this season- “I think it makes them a title contender”

Redick notes Bridges' improvements this season before saying that Bridges may be the X factor that could help the Suns emerge as title contenders this season

Charles Barkley & Shai Gilgeous-Alexander

Despite not knowing his name, Charles Barkley offers a stern warning to the public if Shai Gilgeous-Alexander isn’t an All-Star starter this season

Barkley said SGA should be an All-Star starter, but couldn't manage to say his name correctly, and hilariously referred to him as Shai Alexander Gilchrist in the process