Magic Johnson Joins Detroit VC Firm to Invest in Tech Startups

Lakers legend Earvin ‘Magic’ Johnson has announced his latest venture, a pairing with a Detroit VC firm, Detroit Venture Partners, to help invest in tech startups.

Johnson, who is a well known entrepreneur and businessman, will be teaming up with the company’s founder and Cleveland Cavaliers owner Dan Gilbert.

Detroit Venture Partners was established in 2010. The fund will invest exclusively in digital media, mobile app development, cloud computing, e-commerce and social networking companies.

Johnson, who was born in Lansing and went to school at Michigan State, said he believes firmly in the ‘Detroit 2.0 movement.’

You May Also Like

Lakers News: Grizzlies Guard Mike Conley Impressed With ‘Fast’ Lakers Team

The Los Angeles Lakers are in the middle of their rebuilding process, but that doesn’t mean that they can’t turn some heads along the way….

Magic Johnson Clarifies Comments On Wanting To ‘Call The Shots’ For The Lakers

The rumors continue to swirl about the future of the Los Angeles Lakers franchise. Since rejoining the team in an adviser to team president Jeanie Buss…

NBA News: Paul George Says He Will Sign Extension With Pacers

Everything the Lakers have done this offseason has been done with the…

Kobe Praises Spurs Female Assistant Coach Becky Hammon

The San Antonio Spurs made a bold move on Tuesday hiring Becky…