Jay-Z Reportedly Starting Venture Capital Fund | NBC 7 San Diego

Jay-Z Reportedly Starting Venture Capital Fund

    processing...

    NEWSLETTERS

    Jay-Z Reportedly Starting Venture Capital Fund
    Getty Images, File
    Rap mogul Jay Z departs United States District Court after testifying in a copyright lawsuit on October 14, 2015, in Los Angeles.

    Some rappers start clothing lines. Others start venture capital funds.

    Rapper Jay Z is putting his money to work in start-up and technology investing, Axios reported on Tuesday, according to NBC News.

    Unnamed sources told Axios that Jay Z, born as Shawn Carter, will partner with venture capital firm Sherpa Capital, which has invested in companies like Uber, Airbnb and Slack.

    The "99 Problems" singer — who is married to pop star Beyonce — is no stranger to the business world.

    Jay-Z's entertainment company, Roc Nation, has made some investments in tech startups such as private-jet rental company BlackJet and French audio equipment company Devialet, according to Crunchbase. Jay-Z will partner with Roc Nation president Jay Brown for the new fund, the report says.