NBA star Carmelo Anthony turns investor, co-founds M7 Tech Partners
J Thoendell stashed this in Sports
Athletes need a fallback plan once their bodies can no longer compete, and for former pro basketball player Carmelo Anthony, it’s investing in tech startups.
Today, Anthony and former Bertelsmann Direct North America chief executive Stuart Goldfarb are announcing the formation of a new venture capital fund, M7 Tech Partners. M7′s first investment is Hullabalu, a company that makes story-based tablet apps for kids.
The new fund’s office will be located in New York City, and it will be focused on “early stage digital media, consumer Internet, and technology ventures,” according to an official statement.
Hummer of Hummer Winblad was a basketball player.
Maybe Carmelo Anthony is ushering in a new era of venture capital.