Carmelo Anthony to Launch Venture Capital Firm M7 Tech Partners

July 22nd, 2014 by Matt Fitzgerald Leave a reply »

Presumably using the means acquired from his massive contract extension in the NBA offseason, New York Knicks All-Star Carmelo Anthony is launching a venture capital firm.

TechCrunch's Jonathan Shieber reported the news Tuesday, including a statement from Anthony regarding the firm named M7 Tech Partners:

For as long as I can remember, I’ve been interested in technology. We are actively looking for ventures with strong leaders creating breakthrough products that resonate with consumers. I particularly have my eye on companies that are involved with wearable technology and connected devices. These will be huge areas for the future.

This is an exotic, new adventure for Anthony and something he feels comfortable enough to back with his increased finances from a fresh five-year, $124 million contract, via Spotrac.com.

Hullabalu, a children's media company, was the first investment Anthony and M7 Tech Partners co-founder Stuart Goldfarb made, according to the TechCrunch report.

There is no question that Anthony is the alpha on the current Knicks roster. It takes that sort of mentality to be ...

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