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

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

Check Also

Netflix To Begin Password Sharing Crackdown In March

Netflix Reveals Details On New Policy That Prevents Password Sharing

Details about Netflix’s password-sharing restriction have been revealed. On Wednesday, the streaming giant’s FAQ page for …

Leave a Reply