Even though Jay Z and Beyonce are expecting twins, it seems like Jay Z is in the process of creating another baby as he is preparing to launch a venture capital firm.
Other than being one of the greatest rappers of all time, Jay Z has quickly put himself in a league of such entertainers such as Diddy, Dr. Dre, Russell Simmons and more, to become one of the most recognized business moguls. Along with his many companies and partnerships, according to multiple news sources, Hova is plotting to launch a Venture Capital firm that will look to invest in startup companies and serve as an incubator.
Creating the company with longtime business partner and president of Roc Nation, Jay Brown, as well as partnering with Sherpa Capital, this is looking to be another project that Jay takes on to continue his global empire. Right now, Jay Z is the owner of streaming service, Tidal, as well as a few drink companies and also invested in Uber during their Series B phase when the company was only worth $300 million. Uber is now estimated at $62.5 billion. Along with investing in the premium sock company Stance during their 2011 Series A period when the company was worth $6 million. Even that company is now valued at $116 million.
I think Jay Z is getting use to the residual income of the tech world.