Jay Z Set To Launch Venture Capital Firm
(AllHipHop News) The man born Shawn Carter has yet to slow down in building his business empire.
According to multiple reports, the Hip Hop mogul is moving into venture capital financing.
Jay partnered with Roc Nation President Jay Brown and Sherpa Capital to launch a VC fund.
The legendary musician and Brown reportedly invested in Uber’s Series B.
In addition, Jay is financing luggage maker Away, nail parlor company Julep, and the private-jet startup JetSmarter.
The 47-year-old native New Yorker is also a part owner of the Tidal streaming service and the 40/40 club franchise as well as an investor in Armand de Brignac and Translation Advertising.
Jay Z and Jay Brown’s fund will reportedly focus on seed-stage tech companies, but the fund size has not been revealed as of press time.