According to published reports, Jay Z and long-time friend/Roc Nation partner, Jay Brown may be started a venture capital fund.
Axios reports that the two may be partnering with partnering with Sherpa Capital to start the launch.
Although there has been no official word, the fund is expected to focus on seed-stage tech opportunities, with this really being the institutionalization of Jay Z and Jay Brown’s previous angel investing activities. Not a stretch as these two were in Uber’s Series B, at a $300m pre-money. Other investments have included JetSmarter, plus his most noticeable stake in TIDAL.
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