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vanexelent
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ocho
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 Posted: Mon Aug 22, 2016 12:36 pm Post subject: |
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His retirement seems official now that Kobe news is posted to Off Topic.
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vanexelent
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| Posted: Mon Aug 22, 2016 12:37 pm Post subject: |
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| ocho wrote: | | His retirement seems official now that Kobe news is posted to Off Topic. |
As a Retired Numbered Vet, I feel it was appropriate. |
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angrypuppy
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| Posted: Mon Aug 22, 2016 12:41 pm Post subject: |
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Wow, I hope he has found co-investors.
Magic made a mint, but it wasn't via the VC route, and I believe he learned a bit from Dr. Buss, perhaps getting a Rolodex of contacts. Kobe strikes me as someone who likes to go alone, and that's dangerous. |
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dubaholic1
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Joined: 23 Dec 2004
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Location: Quality over Quantity
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| Posted: Mon Aug 22, 2016 12:44 pm Post subject: |
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Basically a wealth building tool for him.
If he sees good returns he could be a billionaire in 10 years from this fund alone, not including his other wealth.
How about we find out the contents of this portfolio and start the same exact fund, open to all Lakersground billionaires in training.
Who is in with me? As Kobe goes, so do we. |
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vanexelent
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| Posted: Mon Aug 22, 2016 12:47 pm Post subject: |
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| Quote: | | The fund does not include Bryant's personal investments that he makes through Kobe Inc., a company he started in 2014. His first investment was in sports drink company BodyArmor, which partnered with the Los Angeles Lakers for his final game merchandise. The $1.2 million in merchandise sold at the Staples Center on April 14 set an industry record for merchandise sales at a stadium and arena in a single day. |
Interesting tidbit. |
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angrypuppy
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| Posted: Mon Aug 22, 2016 12:48 pm Post subject: |
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| I just hope it doesn't go the way of Curt Schilling's 38 Studios. |
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vanexelent
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| Posted: Mon Aug 22, 2016 12:50 pm Post subject: |
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| angrypuppy wrote: | | I just hope it doesn't go the way of Curt Schilling's 38 Studios. |
Kobe's not doing it with tax payers money, like the anti-big Government, pro- "free market" conservative Schilling did. |
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hoopschick29
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Location: Los Angeles
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dubaholic1
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| Posted: Mon Aug 22, 2016 12:54 pm Post subject: |
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| angrypuppy wrote: | | I just hope it doesn't go the way of Curt Schilling's 38 Studios. |
Ouch, he lost $50 Million.
I lost $500 at Morongo and was upset... |
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jonnybravo
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lakersken80
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| Posted: Mon Aug 22, 2016 7:47 pm Post subject: |
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| angrypuppy wrote: | | I just hope it doesn't go the way of Curt Schilling's 38 Studios. |
And that guy is now trying to run for political office...  |
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ksmgf
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| Posted: Mon Aug 22, 2016 8:46 pm Post subject: |
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| lakersken80 wrote: | | angrypuppy wrote: | | I just hope it doesn't go the way of Curt Schilling's 38 Studios. |
And that guy is now trying to run for political office... |
Didnt he say that he is running for president in 4 years? |
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angrypuppy
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| Posted: Tue Aug 23, 2016 5:34 am Post subject: |
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| dubaholic1 wrote: | | angrypuppy wrote: | | I just hope it doesn't go the way of Curt Schilling's 38 Studios. |
Ouch, he lost $50 Million.
I lost $500 at Morongo and was upset... |
And he also cost the taxpayers of Rhode Island roughly $75 per household, as quite a bit of the debt was guaranteed by their idiotic state government.
Seriously, government has no business investing in business. They don't know how to balance their own books, how in the hell are they going to understand burn rates, revenue growth, projected completion timeline of a mountain of complex code, etc.? But then neither did Schilling.
Schilling hired some suits, I believe from Hasbro, to run the operation. First you should hire experienced entrepreneurs who understand how to manage cash burn rates and complex software project management (lots of simultaneously moving parts). This isn't your simple sw integration job that is performed in the bowels of a corporation. Second, the idiot was burning through cash, so what did he do? He acquired another gaming development firm. Jesus Christ, how on Earth could Schilling and his team of suits be so stupid? You've added complexity to the operation, and you used cash, not equity, to buy another firm.
There's more to it of course, including the poor slobs who were given guarantees to be reimbursed for selling their homes at a loss and moving to RI, or the many folks who were either employees or subcontractors and got stiffed. Kind of what you expect from a Trump organization. |
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governator
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| Posted: Tue Aug 23, 2016 7:34 am Post subject: |
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| Kobe's gonna be real life Bobby Axelrod |
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tlim
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| Posted: Wed Aug 24, 2016 9:09 am Post subject: |
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Rule #1: Never, ever, invest your own money in a fledgling video game company. If you know _anything_ about the business.
Kobe is obsessive. He will do well. |
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City_Dawg
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Location: Coming soon and striking at your borders.
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| Posted: Wed Aug 24, 2016 11:02 am Post subject: |
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| angrypuppy wrote: | | I just hope it doesn't go the way of Curt Schilling's 38 Studios. |
At least we got a decent ( if repetitive) game out of it  . I actually think it was originally supposed to be an MMO. That would have been an even bigger dumpster fire.
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greenfrog
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| Posted: Wed Aug 24, 2016 12:30 pm Post subject: |
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| dubaholic1 wrote: | | angrypuppy wrote: | | I just hope it doesn't go the way of Curt Schilling's 38 Studios. |
Ouch, he lost $50 Million.
I lost $500 at Morongo and was upset... |
$50M and his bloody sock, but at least his nazi memorabilia is still intact! |
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greenfrog
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| Posted: Wed Aug 24, 2016 12:35 pm Post subject: Re: Kobe Staying Busy |
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| vanexelent wrote: | http://www.wsj.com/articles/kobe-bryant-and-jeff-stibel-unveil-100-million-venture-capital-fund-1471838403
| Quote: | Kobe Bryant and Jeff Stibel Unveil $100 Million Venture Capital Fund
The retired NBA star and his partner today unveil their vehicle for investing in technology, media and data companies |
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It's paywalled, but this article will give you the gist of it: http://deadspin.com/kobe-bryant-is-all-about-that-700-juicer-1785604122 |
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greenfrog
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| Posted: Wed Aug 24, 2016 12:40 pm Post subject: |
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| City_Dawg wrote: | | angrypuppy wrote: | | I just hope it doesn't go the way of Curt Schilling's 38 Studios. |
At least we got a decent ( if repetitive) game out of it . I actually think it was originally supposed to be an MMO. That would have been an even bigger dumpster fire. |
It got undercut by Skyrim. |
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Aussiesuede
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Joined: 27 Jul 2005
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| Posted: Wed Aug 24, 2016 1:38 pm Post subject: |
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So Did you guys in LA get the holiday off? 
| Quote: | Even as the Los Angeles City Council paused to honor Kobe Bryant and reflect on everything he has done since he arrived in the city 20 years ago it was evident that Bryant's mind was elsewhere, looking ahead, consumed with what comes next.
Wednesday was "Kobe Bryant Day" in L.A., by official proclamation. |
Kobe Bryant Day
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I'm On point, On task, On message, and Off drugs. A Streetwise Smart Bomb, Out of rehab and In denial. Over the Top, On the edge, Under the Radar, and In Control. Behind the 8 ball, Ahead of the Curve and I've got a Love Child who sends me Hate mail. |
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