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NBA Star Carmelo Anthony Starting VC Firm

The basketball player's firm is called M7 Tech Partners


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

Carmelo Anthony
Source: Wikipedia
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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