Categories: Celebs

Jay Z Is Reportedly Lauching A Venture Capital Fund

<p>Jay Z will now have something in common with Justin Bieber&comma; Kobe Bryant&comma; and Lupe Fiasco&&num;8230&semi;he is taking his talents to the tech world&excl;<&sol;p>&NewLine;<p>It is reported that Jay Z is teaming up with Roc Nation president Jay Brown to launch a venture capital fund&period; Both actively looking for a full-time partner but it was reported that Sherpa Capital&comma; who has invested in Uber&comma; Airbnb and other companies&comma; will also be helping with the new business move&period;<&sol;p>&NewLine;<p>via Axios&colon;<&sol;p>&NewLine;<p>Expect the focus to be on seed-stage tech opportunities&comma; with this really being the institutionalization of Jay Z and Jay Brown&&num;8217&semi;s previous angel investing activities&period; For example&comma; they both were in Uber&&num;8217&semi;s Series B&comma; at a &dollar;300m pre-money&period; Other investments have included JetSmarter&comma; plus his involvement and stake in music streaming service Tidal&period;<&sol;p>&NewLine;<p>No word yet on fund size target&comma; nor any comment from those involved &lpar;due to regulatory restrictions&rpar;&period;<&sol;p>&NewLine;<p>Jay&comma; whose wife Beyonce recently announced her pregnancy&comma; is currently also working on bringing the story of Kalief Browder to the big screen&period;<&sol;p>&NewLine;<p>Talk about winning&excl; Let&&num;8217&semi;s chat below&excl;<&sol;p>&NewLine;<p>TSR STAFF&colon; Debra Oh&excl; &commat;The&lowbar;Ebony&lowbar;Issue on IG&excl;<&sol;p>&NewLine;<p>Source&colon; https&colon;&sol;&sol;www&period;axios&period;com&sol;jay-z-is-launching-a-vc-fund-2276155599&period;html<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine; <div class&equals;"wpra-reactions-wrap wpra-plugin-container" style&equals;"justify-content&colon; center&semi;&semi;"> <div class&equals;"wpra-reactions-container" data-ver&equals;"1&period;3&period;10" data-post&lowbar;id&equals;"26706" data-show&lowbar;count&equals;"true" data-enable&lowbar;share&equals;"onclick" data-behavior&equals;"regular" data-animation&equals;"true" data-share&lowbar;url&equals;"https&colon;&sol;&sol;dev&period;theshaderoom&period;com&sol;26706-2&sol;" data-secure&equals;"fd9c34019c"> <div class&equals;"wpra-call-to-action" style&equals;"color&colon; 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