Jay Z Launches Venture Capital Fund to Invest in Startups
Jay Z is launching a new venture capital fund according to a new report from Axios. Reportedly Jay Z (Shawn Carter), will partner with the venture capital firm Sherpa Capital, which has invested in companies like Uber, Airbnb and Slack. He also will partner with Jay Brown, a longtime business partner and president of Roc Nation. The duo are expected to focus on seed-stage funding of tech startups, which is similar to what they’ve been doing for about five years as angel investors.
