Hip hop mogul Jay-Z has a new business endeavor is his portfolio: a new venture fund. Deemed Marcy Venture Partners, the fund is launched in conjunction with Walden Venture Capital managing director Larry Marcus and longtime business partner Roc Nation president Jay Brown.
Jay is no stranger to entrepreneurship, especially when it came to investing his money in more tangible assets. When the Brooklyn-bred MC first started out, he launched his own record label Roc-A-Fella Records because no major would give him a deal. While other rappers put their money in failed liquor and apparel brands, Hov has invested in startups like Uber, Away, JetSmarter, Julep, and Promise, Well, actually, he does have his own alcohol brand (Dusse) and was a majority owner in Roc-A-Wear, he kept on advancing his business pedigree (he did have lunch with Warren Buffett
Let’s see if his savviness continues to rake in the riches.