Rapper and music mogul, Jay Z, is set to launch a venture capital firm.
According to an Axios report, he will be joined by Jay Brown, a longtime business partner and president of Roc Nation. It is reported that both of them are looking for a full-time investment partner.
It is expected that the venture capital will focus on seed-stage tech opportunities.
This is not the first time both “Jays” are joining forces on business opportunities. They are partnering in Sherpa Capital, a San Francisco-based venture capital firm that supports the most promising emerging technology-enabled companies, helping them become global brands beloved by their customers. . Both of them were also in Uber’s Series B funding and Jay Brown has a stake in Jay Z’s Tidal.
Nothing has been said about the size of the fund target yet
