NBA Star Carmelo Anthony Starting VC Firm

by Karl Utermohlen | July 22, 2014 1:35 pm

NBA Star Carmelo Anthony Starting VC Firm

Basketball player Carmelo Anthony is creating a venture capital (VC) firm[1].

Carmelo Anthony 224x300 NBA Star Carmelo Anthony Starting VC Firm[2]
Source: Wikipedia[3]
The seven-time NBA All-Star is joining forces with Anthony and Stuart Goldfarb – former CEO of Bertelsmann — to create M7 Tech Partners. Carmelo Anthony said the VC firm will focus on technology, specifically wearable and connected devices.

“For as long as I can remember, I’ve been interested in technology,” the New York Knicks player said in a statement. “We are actively looking for ventures with strong leadership that resonate with consumers.”

Goldfarb said that the M7 Tech Partners could invest on sports-related products at times but that is not its focus. He added that VC firm will invest on companies that resonate with them.

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Endnotes:
  1. venture capital (VC) firm: http://espn.go.com/new-york/nba/story/_/id/11243976/carmelo-anthony-begins-venture-capital-firm-m7-tech-partners
  2. [Image]: http://investorplace.com/wp-content/uploads/2014/07/Carmelo-Anthony.jpg
  3. Wikipedia: http://upload.wikimedia.org/wikipedia/commons/0/03/Carmelo_Anthony_Nov_2013.jpg
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