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

The Tide Has Finally Turned for the Los Angeles Lakers

December 8, 2011 is a day that will always live in infamy for fans of the Los Angeles Lakers…

Metta World Peace Will Exercise Player Option, Remain With Lakers

After his surprise announcement this morning (that ended up just being him…

Dion Waiters Enjoyed Opportunity To Make Official Lakers Debut

The Los Angeles Lakers — although far from perfect — were able to get a win over the L.A. Clippers in their first…

Lakers/Spurs Matchup in February Has Playoff Appeal

At the start of the season, the debate about who would overthrow…