News

Jay Z Is About To Start A Venture Capital Fund

By Daryl Nelson

According to a report from Axios, Jay Z is starting a venture capital fund with his longtime business partner Jay Brown, who's also Roc Nation's president.

The two will be partnering with Sherpa Capital and are currently looking for a third entity to partner with, since Sherpa won't be leading investments.

Hov and Brown will invest in "seed-stage tech opportunities," adding to their current investments in Uber's Series B, JetSmarter and of course the streaming service Tidal.

At this time, neither Jay or his business partner have commented on the new venture, possibly for two reasons: One, certain restrictions keep the rapper and Brown from speaking on it and, two, it's just not Jay's style.

If you haven't noticed yet, he's really good at keeping his new business moves under wraps.

Posted In: News

Discuss

News 50 Cent & Meek Mill Respond To Nicki Minaj for Mentioning Them in 'Barbie Dreams' / News News Nicki Minaj Says Only One Rapper Was Really Irked About Her Group Diss 'Barbie Dreams' / News News Swae Lee Destroys Female Fan Who Revealed Dressing Room Encounter / News Beef Nicki Minaj Jumps into Tekashi 6ix9ine and YG Beef / Beef News Cops Find Major Evidence in XXXTentacion Murder Case / News News Robert Glasper Says Lauryn Hill Stole All the Music For "The Miseducation of Lauryn Hill" / News