Knicks Star Carmelo Anthony Launches Venture Firm

Congrats to Carmelo and to Suzanne Xie, founder of Hullabalu.

TechCrunch

After scoring a new contract worth over $122 million with the N.Y. Knicks, NBA star Carmelo Anthony is looking to take a different kind of shot — starting a venture capital firm.

Anthony and longtime NBC and Bertelsmann executive Stuart Goldfarb are launching their new investment firm, M7 Tech Partners, with an inaugural investment in the children’s media company Hullabalu .

Goldfarb previously served as the president and chief executive of Bertelsmann direct media group responsible for the Book-of-the-Month Club and Columbia House brands (kids, ask your parents).

Anthony, the two-time Olympic gold medalist, seven-time NBA All-Star, is hoping to leverage a social media presence of over 5 million followers and his Melo brand into success in tech investment.

The New York-based firm will invest in early stage digital media, consumer internet and opportunistic technology startups.

“For as long as I can remember, I’ve been interested in technology,”…

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