BUSINESS MAN: Jay Z
JAY Z is reportedly entering the world of venture capital, by starting his own venture capital fund with Roc Nation President Jay Brown.
According to Axios' Dan Primack, the rapper and music mogul is launching a VC fund along with his Roc Nation partner, and the pair are looking to add a third investment partner and plan to team up with Sherpa Capital to launch the fund.
According to multiple sources, the focus will be startup tech companies. Jay, who has reportedly invested in tech companies since about 2012, took a stab at Uber’s Series B, high-tech luggage maker Away, nail-parlor company Julep, and the private-jet startup Jet Smarter.