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This article was published on February 21, 2017

Jay Z entering venture capital market

Jay Z entering venture capital market Image by: unknown
Rachel Kaser
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Rachel Kaser

Internet Culture Writer

Rachel is a writer and former game critic from Central Texas. She enjoys gaming, writing mystery stories, streaming on Twitch, and horseback Rachel is a writer and former game critic from Central Texas. She enjoys gaming, writing mystery stories, streaming on Twitch, and horseback riding. Check her Twitter for curmudgeonly criticisms.

Startups, take note: Rapper and businessman Shawn “Jay Z” Carter is launching his own venture capital fund.

He’s starting the fund with business partner Jay Brown, president of Jay Z’s entertainment company Roc Nation. They are currently looking for a third partner.

Both Jays are allegedly partnering with startup foundry Sherpa, though Sherpa staff might not be heavily involved.

No one knows the target fund size, but Axios reports that the focus is on seed-stage tech.

Jay Z is no stranger to angel investing. He was one of the early backers of Uber, as well as cosmetics company Julep, luggage brand Away, and jet-charting app Jetsmarter. He also acquired music-streaming service Tidal in 2015, though he sometimes forgets that.