RYAN HOWARD JOINS VENTURE CAPITAL FIRM SEVENTYSIX CAPITAL
Ryan Howard has a new job.
Still, a member of the Gwinnett Braves, Atlanta's Triple-A affiliate, Howard has become a partner of SeventySix Capital, a venture capital firm focused on the health and wellness field.
Howard, per a press release from SeventySix Capital, "will leverage his business acumen and relationships to source new opportunities for the firm and take portfolio companies to the next level. Additionally, he will work closely with entrepreneurs and investors who share in SeventySix Capital's commitment to building game-changing companies."
Howard and the Commonwealth of Pennsylvania's Ben Franklin Technology Development Authority are among several investors in the newest fund for SeventySix Capital, which is based in Radnor, Pennsylvania, and led by managing partners Wayne Kimmel and Jon Powell.
Powell's family was an owner of the Philadelphia/Baltimore Stars of the USFL. He currently also serves as the CEO of the real estate company Kravco Company LLC, which developed the King of Prussia Mall.
"Other than playing the game I love, my passion is investing in innovative companies and helping the entrepreneurs behind them succeed," said Howard, who joined the Braves organization after 13 seasons with the Phillies. "While I continue to work towards another opportunity with the majors, I'm excited to grow my partnership with SeventySix Capital.
"Wayne, Jon and the SeventySix Capital team are best in class, and committed to building successful companies. Together, by leveraging the full weight of our knowledge, expertise and relationships, we can make a huge impact at home in Philadelphia and around the world."
Howard will also work with the sports and entertainment agency Rubicon Talent, which recently formed a partnership with SeventySix Capital and has Panthers tight end Greg Olsen, Titans running back DeMarco Murray and professional beach volleyball player and Olympic gold medalist Kerri Walsh Jennings as clients.
In nine games with Gwinnett, Howard is hitting .188 (6 for 32) with a home run and four RBIs.