<div>Hov has filed paperwork for a new venture firm and this could be a great opportunity for black entrepreneurs and business owners&comma; &num;Roomies&period;<&sol;div>&NewLine;<div><&sol;div>&NewLine;<div>The firm is called &num;MarcyVenturePartners&comma; <a href&equals;"http&colon;&sol;&sol;www&period;businessinsider&period;com&sol;jay-z-marcy-venture-partners-paperwork-filed-2018-6">Business Insider<&sol;a> reports&period; The fund is speculated to be a nod to the Marcy Houses&comma; the Brooklyn projects he grew up in&period;<&sol;div>&NewLine;<div><&sol;div>&NewLine;<div>Jay’s new business follows reports that he had plans to set up a venture capital partnership with another San Francisco-based firm Sherpa Capital&period; He’s also known to dabble in other investments including his backing of the luggage company&comma; &num;Away&comma; and the private-jet company &num;JetSmarter&period;<&sol;div>&NewLine;<div><&sol;div>&NewLine;<div>This new firm will be an avenue to fund the ideas of striving black entrepreneurs who may not get those meetings with other firms&excl;<&sol;div>&NewLine;<div><&sol;div>&NewLine;<div>TSR STAFF&colon; 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