dglobalnews.com Jay Z is launching a venture capital fund
Published: Thu, February 23, 2017
Markets | By Armando Jensen

Jay Z is launching a venture capital fund

Jay Z is launching a venture capital fund

In fact, anyone who's been following Jay Z's business exploits shouldn't be surprised at his latest turn - he's made several high-profile seed investments in technology startups over the last few years through his entertainment company Roc Nation. In partnership with his longtime business associate and current president of Roc Nation, Jay Brown, the new venture fund will be in collaboration with entrepreneurs Shervin Pishevar and Scott Stanford's San Francisco-based Sherpa Capital. Fortunately, this gives us a decent comparison point for the obvious question: Could this fancy-sounding venture capital fund actually have legs?

Even a casual Jay Z fan has to admit that the Brooklyn, New York MC has redefined what it means to be a businessman.

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And of course, the 47-year-old is also co-owner of Tidal streaming services. Another one of Jay's early 2011 investments was in Stance, the premium sock company, which has raised $116 million from Silicon Valley investors. Since 2012, Shawn Carter and Brown have invested in tech start-ups.

Jay-Z has already taken part in Uber's Series B round, has a stake in internet-of-things luggage maker Away, the nail salon start-up Julep and the private jet company JetSmarter.

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