Jay Z Planning To Launch Venture Capital Fund
Score another win for Jay Z in the area of business.
According to Axios, Hov and his business partner Jay Brown — who's also Roc Nation's president — are set to launch a venture capital fund. They'll also be partnering with Sherpa Capital and are currently looking for a third company to bring in.
Since Jay and Brown have already made a killing with investments in companies like Tidal, it only makes sense that they'll provide seed money for other tech startups.
Besides the streaming service, the legendary rapper and the Roc Nation prez have invested in the luggage company Away, as well as the nail company Julep and JetSmarter, which is an outfit that links travelers with private jet flights.
As of now, there's no word on what the fund size will actually be, and so far neither Hov or Brown have commented on their new endeavor.
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