Jay Z Launching A Venture Capital Fund

[JordanWearinThe45]

Rapper and ubiquitous mogul Jay Z is launching a venture capital fund, according to multiple sources. One of his partners will be Jay Brown, a longtime business partner and president of Roc Nation.

The pair also is scouring the venture market for a full-time investment partner. The "Jays" also are partnering with Sherpa Capital, although this won't be a Sherpa-branded effort, and existing Sherpa staff won't be leading investments.

Expect the focus to be on seed-stage tech opportunities, with this really being the institutionalization of Jay Z and Jay Brown's previous angel investing activities. For example, they both were in Uber's Series B, at a $300m pre-money. Other investments have included JetSmarter, plus his involvement and stake in music streaming service Tidal.

No word yet on fund size target, nor any comment from those involved (due to regulatory restrictions).

Jay Z is launching a VC fund

This man just keep going

 

[brother walt]

well that's the straw that broke the camel back

COSBY

• brother walt
• Aug 30, 2016
• #jelloman

he will be broke

 

[ThiefyPoo]

well that's the straw that broke the camel back

COSBY

• brother walt
• Aug 30, 2016
• #jelloman

he will be broke

would you wish that ?

 

[EducatedBrothaFromTheBank]

I see he biting Nas still

 

[BK The Great]

can't hate on that, I need some new tunes tho

 

[Hiphoplives4eva]

Dude still biting Nas after all these years

 

[Anerdyblackguy]

I hope it works out for him.

 

[Deltron]

I wonder if he'll call it

Marcy Projects Venture Partners

 

[REdefinition]

QueensBridge Venture Partners, LLC

"You on top, what? Copying fukk I said it first you repeat it/your false crown covered in dirt defeated"

 

[David_TheMan]

Very dangerous using his own staff and not a staff from an established player, the potential to lose money quickly is very real.

 

[DontEemTry]

Give financial advice to Jay-Z brehs

 

[I_Got_Da_Burna]

nas readin this like:

 

[Soundbwoy]

QueensBridge Venture Partners, LLC

"You on top, what? Copying fukk I said it first you repeat it/your false crown covered in dirt defeated"

Marcy Venture Partners

 

[Double Burger With Cheese]

Jay invested in Uber 5 years ago

 

[Hiphoplives4eva]

QueensBridge Venture Partners, LLC

"You on top, what? Copying fukk I said it first you repeat it/your false crown covered in dirt defeated"

dapped and repped!