Jay Z Considering Launching His Own Seed-Stage Investment Firm
Rapper and businessman Jay Z and his company, Roc Nation, may form a seed-stage investment firm with San Francisco-based Sherpa Capital. Jay Z, best known as pop star Beyoncé’s husband, previously participated in Uber’s Series C financing in 2013, reports the Silicon Valley Business Journal.
Although Jay Z, Roc Nation president Jay Brown and Sherpa Capital are exploring the idea, this would likely not be a Sherpa-branded endeavor. Jay Z has previously invested in JetSmarter, Away and Julep and owns a stake in music-streaming service Tidal. He is estimated to be worth $610M.
Jay Z is not the only musician to invest. Bono, Nas, Madonna, Justin Bieber and MC Hammer also have strong portfolios. Hammer has invested in Silicon Valley tech including Square, Flipboard and Kiip and often speaks at tech conferences.