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  • Entrepreneurship

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.

  • Magazine

We Were First!

In early 2003, a lanky state legislator from Illinois visited the offices of black enterprise. Our editors heard about this young politician who sought to make history by becoming the third African American elected to the U.S. Senate. Admittedly, we were a bit skeptical about his prospects: Did he truly have the financing and organization to achieve that milestone? After an extensive Q&A session, however, our editorial team was so won over by his charisma, strategic mind, and bold vision we decided to have our then-Managing Editor Kenneth Meeks bird-dog him on the campaign trail. And in October 2004 we were the first national magazine to publish a cover story on the man we billed as “The Next Big Thing in Politics.” That man, of course, was Barack Obama.

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