Everyone is doing it why not a native of the home Wall street. Syracuse standout and New York Knicks superstar Carmelo Anthony is jumping into the venture-capital bandwagon with some help from former NBC executive Stuart Goldfarb. Together they combined to form Voltron… I mean M7 Tech Partners. The New York-based investment firm was creatively (sarcasm) named that way because its a combination of Anthony’s nickname (Melo) and jersey number (7).
The company will focus on getting in on the early-stage funding of digital media, consumer Internet, and tech startups. Basically get into those hot tech startups before they go viral. The New York-based children’s media company Hullabalu will be the firms first investment. Hullabalu might be safe place to start out. Alexis Ohanian, Reddit’s co-founder has also invested in the company. Other NBA players who have gone into venture capital and investing are Jamal Mashburn, Steve Nash and San Antonio Spurs star David Robinson. It’s smart that these players start building for life after basketball.