Shawn Carter, best known as Jay Z, is diving deeper into venture capital
The rapper-entrepreneur is an investor in Uber, among other startups,
but now he's formalizing his investor efforts: Roc Nation, Carter's
entertainment firm, is launching a new business arm called Arrive. Read more stories below....
Arrive will pour capital into young startups, as well as advise them on
brand and business development. (Perhaps it will use JetSmarter,
another Carter-backed startup, as a case study in how not to pitch the press.)
The new business unit is a collaborative effort with seed stage venture
firm Primary Venture Partners (whose portfolio of investments includes
startups Jet, Maple and Ollie) and GlassBridge Asset Management, the
company said in a statement Monday.
It's unclear how many companies Arrive will invest in -- and how how much money it will shell out.
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