ARod and ecommerce vet Lore form new venture firm: Bloomberg

Former New York Yankees star Alex Rodriguez and Walmart Inc ecommerce veteran Marc Lore are launching a new venture firm, reported Bloomberg.

Former New York Yankees star Alex Rodriguez and Walmart Inc ecommerce veteran Marc Lore are launching a new venture firm, reported Bloomberg. The firm, known as Vision/Capital/People, or VCP, is being launched with $50 million of the pair’s own money. The news outlet noted that it “could eventually raise $300 million to $500 million.” The formation of the firm is being done concurrently while Rodriguez and Lore are in talks to buy the NBA’s Minnesota Timberwolves.

Source: Bloomberg