NBA Star Starts Seed Investment Fund

When you think wearable technology is your first thought Carmelo Anthony?

The NBA star is partnering with Stuart Goldfarb, the former executive vice president of NBC, to make seed capital investments in digital media, consumer tech and internet of things.

M7 (“Melo 7”) Tech Partners is not going to have outside investors, will not be the lead investor and will make its capital plays in the form of convertible notes, a typical financing vehicle for the seed stage.

One of its first investments is in Hullabalu, a woman directed startup that does kids’ stories apps for the iPad.

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at:
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