Jay Z not busy enough so he's reportedly starting a VC fund.

Posted February 23, 2017

Music mogul Jay Z will be launching a venture capital fund that will invest in start-up tech companies according to reports.

They are now seeking a full-time venture partner, according to the report, given that Jay has other businesses to tend to, including his role as a superstar MC.

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Jay Brown and Jay Z, whose real name is Shawn Carter, will focus on seed-stage tech opportunities. Sherpa Capital also won't brand the effort. In 2012, Roc Nation invested an undisclosed amount in a company called Viddy, a company unofficially dubbed "Instagram for video".

"The pair have previously invested in Uber's Series B, at a $300m pre-money", says the report. Jay Brown and Jay Z are now looking for a third partner. Their fundraising total went up to $11 million.

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Besides the streaming service, the legendary rapper and the Roc Nation prez have invested in the luggage company Away, as well as the nail company Julep and JetSmarter, which is an outfit that links travelers with private jet flights.

However, not all of Jay's investments have been lucrative. The company now has a $1.5 billion pre-money valuation.

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