23 February, 2017
Colloquially known as "VC", venture capitalism is a form of investment which, by definition, carries with it a strong element of risk.
Calling this venture "the institutionalization of Jay Z and Jay Brown's previous angel investing activities", AXIOS is referring to the two entrepreneurs' history of being "angel investors" - that is, individuals who provide start-ups with the seed money needed as capital.
Always one to invest his hard-earned fortune, Jay Z is planning to launch a VC fund. Jay Z is no stranger to the world of startups, and it looks like he is stepping his game up. In early 2015, the rap star bought Swedish holding company Aspiro AB, the parent company of music-streaming service Tidal, with a group of musicians for a reported $US56 million ($73 million).
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Tidal wasn't his first foray, however. Labeled the "Uber for private jets", Jay Z joined members of the royal Saudi family in helping the startup raise more than $105 million in Series C funding just previous year.
Yet there are also a few failures attached to Jay Z and Roc Nation.