Jay Z: From Marcy to VC

Jay Z: From Marcy to VC

Jay Z: From Marcy to VC

Axios notes the VC fund will likely focus on "seed-stage tech opportunities".

According to Axios, the rapper and entrepreneur is planning to launch a venture capital fund with his longtime business partner and president of Roc Nation, Jay Brown. Fortunately, this gives us a decent comparison point for the obvious question: Could this fancy-sounding venture capital fund actually have legs?

As if being a music, sports, business and rap mogul wasn't enough, there is word that Jay Z soon to be father of twins, is adding the title of Venture Capitalist to his growing resume.

And of course, the 47-year-old is also co-owner of Tidal streaming services.

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Jay Z is nearly a billionaire. Jay Brown and Jay Z are now looking for a third partner.

Tidal wasn't his first foray, however.

Last year, Forbes ranked Jay Z third on their Hip Hop's Wealthiest Artists 2016 list, putting his net worth at an estimated $610 million. Since 2012, Shawn Carter and Brown have invested in tech start-ups. At the time, the company was valued at $300 million and it is now valued at $62.5 billion. Roc Nation also invested an undisclosed amount in the private jet startup BlackJet in 2012, but the company shuttered past year. He's also invested in JetSmarter and Uber, according to Crunchbase, which collects VC investment data.

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