Jay Z: From Marcy to VC

A venture capital is a type of private equity, a form of financing that is provided by firms or funds to small, early-stage, emerging firms that are deemed to have high growth potential or which have demonstrated high growth according to Business Directory.

Hov and Brown are reportedly looking for a third partner to join them in the investment scheme, and once the trio is in place they will partner with NY-based fund Sherpa Capital to start spreading the wealth - and collecting the returns. The two are overseeing a $100 million venture capital fund. In early 2015, the rap star bought Swedish holding company Aspiro AB, the parent company of music-streaming service Tidal, with a group of musicians for a reported $US56 million ($73 million). His slow crawl into the VC world can be traced back in 2011, when Roc Nation invested in Stance, a "premium sock company".

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A rep for Jay Z didn't immediately respond to a request for comment.

Jay Z is no stranger to the tech landscape. Uber's valuation, of course, has since ballooned to $US66 billion ($86 billion). Since 2012, Shawn Carter and Brown have invested in tech start-ups. He's also invested in JetSmarter and Uber, according to Crunchbase, which collects VC investment data.

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