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).
Justice minister says South Africa still intends to quit the ICC
The ANC-led government now has an opportunity to reconsider the wisdom of withdrawing from the ICC and we urge them to do so. The ruling African National Congress holds a majority in parliament and can force through its decision if it wants.
Spain's Princess Cristina cleared of corruption charges
Urdangarin ran Noos Institute with a partner, Diego Torres, who was sentenced to 8 1/2 years in jail in Friday's ruling. Since the scandal erupted, the pair have been excluded from all of the family's official public appearances.
'Fist Fight': Meet the Cast of Ice Cube's New Movie
There were also too many zany situations that only had me rolling my eyes, not making me laugh like they were supposed to. Well, when he tries to justify the fist fight as a way to call attention to problems at the school, nobody believes it.
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.