Jay-Z Files Paperwork for New Investment Firm Marcy Ventures
- Jay-Z has filed paperwork for a new venture firm called Marcy Venture Partners along with Walden Venture Capital’s managing director, Lawrence Marcus, and Roc Nation’s president, Jay Brown.
Staying true to his credo of being a business-man, Jay-Z recently filed paperwork to launch a new fund named after his childhood home, Marcy Ventures. He is reported to be partnering with Walden Venture Capital’s managing director, Lawrence Marcus, and Roc Nation’s president, Jay Brown on the venture.
Last year, the news website Axios reported that Carter was planning to launch a VC fund along with the San Francisco-based venture firm Sherpa Capital. Plans for the fund failed to materialize after reported complications with Sherpa, though the new filing reveals that the delays haven’t caused Carter to lose his interest in investing.
Jay has backed several high-profile companies in recent years including the luggage company Away, the brokerage app Robinhood, and the private-jet company JetSmarter.
via Business Insider