Olympic hero Michael Phelps looks to dip his toes in tech
(AP) — Michael Phelps wants to dive into Silicon Valley's investment opportunities as he tries to make the transition from Olympic swimming star and product pitchman to entrepreneur.
Getting into tech investing would be a new direction for Phelps, whose business experience to date consists mostly of his own line of swimwear and endorsement deals with the likes of Under Armour, Visa and Wheaties.
Notable successes include rapper and record producer Dr. Dre, who was part of the founding team that sold Beats to Apple for $3 billion 2014.
Actor Ashton Kutcher co-founded an investment fund in 2010 that made early investments in startups such as the ride-hailing service Uber, the home rental-service Airbnb and the music streaming service Spotify.