CLAP FOR HIM: Jay Z Set To Launch Venture Capital Fund

February 21, 2017 |  by  |  Black men doing their thang!, MONEY TEAM  |  Share


    “But I’m just a hustler disguised as a rapper. In fact you can’t fit this hustle inside of a wrapper..” Shawn Carter

    According to multiple sources Rapper and Mogul Jay Z is launching a venture capital fund. Venture capital is a type of funding for a new or growing business. It usually comes from venture capital firms that specialize in building high risk financial portfolios. With venture capital, the venture capital firm gives funding to the startup company in exchange for equity in the startup.

    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.

via

Share This:

 

Speak on it

Recent Posts
Kim Kardashian Hits The Beach In Mexico Rocking A Vintage Dior Bikini

Kim Kardashian Hits The Beach In Mexico Rocking A Vintage Dior Bikini

04/24/2017  |  No Comments

04/24/2017

    Kim K was spotted out in Mexico flaunting her curves in a vintage Dior bikini.
    The reality super star hit the beach with sister Kourtney Kardashian, who was celebrating her 38th birthday. Everyone started to go in on Kimmy's body being that it doesn't look as perfect as it appears in magazines etc. Listen folks we all know stars photo-shop, stop being so surprised by the real.
    Her legs don't match her buns, but hey at least she looks great after having two children. Anywho, she rocked a pair of gold hoops, simple gold necklaces that she layered and stylish shades to finish the look.
more

Tameka

Tameka “Tiny” Harris Stops By The Wendy Williams Show: Talks Marriage With T.I., Side Chick Drama , Floyd Mayweather & More (WATCH )

04/20/2017  |  No Comments

04/20/2017

    Auntie Wendy Williams is a riot! She speaks with so much SHADE when she talks. That's who she is and all of her guest are treated equally. No one is exempt from the shade!
    Today, Tameka "Tiny" Harris stopped by the show. She opens up about her marriage with T.I., the video of her dancing with Floyd Mayweather and the effect reality TV had on her life. Check it out below.
more

DOPE or NOPE: Rihanna x PUMA Fenty Jelly Slides + New Pastel Mint Fur Slide Dropping Soon

DOPE or NOPE: Rihanna x PUMA Fenty Jelly Slides + New Pastel Mint Fur Slide Dropping Soon

04/19/2017  |  No Comments

04/19/2017

    Looks as if it's going to be a hot summer for Fenty x PUMA . After the successful release of the fur and recently released satin bow slides. Riri and Puma are now gearing up to release Jelly Slides. It's being said that, there will be a new pastel mint colorway arriving soon for the fur slides. Ladies the pedicures must be on point to rock these slides since they're attention grabbers.
    See more inside.
more

NEW VIDEO: @NickiMinaj x Drake x Lil Wayne 'No Frauds'

NEW VIDEO: @NickiMinaj x Drake x Lil Wayne ‘No Frauds’

04/19/2017  |  No Comments

04/19/2017

    The video is here! Although this is NOT a diss record, Nicki gave us a visual for her response track "No Frauds" Ft. Drake and Lil Wayne. The video is directed by Benny Boom and was shot in Paris. P.s Rah Ali ( Remy's ex-friend) is really in the video like "OH HEY" O_o...Check it out.
more