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Balling Behind The Scenes: Jay Z To Launch Venture-Capital Fund

Jay Z is a man of many business moves and if you’re lucky, he may be able to help you out too.

According to Business Insider, Jay Z, real name Shawn Carter, is launching a venture capital fund. He has teamed up with his longtime business partner and president of Roc Nation, Jay Brown, on the new business venture. Both Jay’s are looking to add a third investment partner to the mix.

 

Jay Z has been investing in tech startups for years, now. In December it was announced that he invested in JetSmarter, the “Uber” for private jets.  He’s also invested in high-tech-luggage maker Away, nail-parlor company Julep and of course, Carol’s Daughter beauty products.

 

According to reports, the fund will focus on seed-stage companies but there’s no word yet on fund size target, nor has either party confirmed the information yet.

 

Jay Z wouldn’t be the first rapper to pump money into other companies. Nas, and his longtime business partner/manager Anthony Saleh, quietly launched Queensbridge Venture Partners, which invested in startups such as Dropbox, Lyft, Tradesy and Rap Genius.

About Eleven8

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Stephanie, who writes under the alias Eleven8, is the Editor at BallerAlert.com. Email: eleven8@balleralert.com

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