INSUBCONTINENT EXCLUSIVE:
Jay-Z is behind a new venture fund called Marcy Venture Partners that is being launched withWalden Venture Capital managing director Larry
Marcus and longtime business partner Roc Nation president Jay Brown, according to California regulatory filings.
The fund was first reported
Shawn &Jay-Z& Carter is no stranger to the venture world
The rap artist, producer and entrepreneur invested in Uber Series B round in 2011 when the company had a pre-money valuation of $300 million
Jay-Z has also invested in JetSmarter and Julep
Roc Nation backed Promise, adecarceration startup.
Jay-Z and Jay Brown were looking for a Silicon Valley partner for their fund last year
And at one time, it appeared they had landed on Sherpa Capital, a VC firm created by some of Uber other early investors
But that deal fell apart.
Now Walden Venture Capital Marcus will lead Marcy Venture Partners
Marcus has deep experience as an investor as an early backer of Pandora and Netflix
Marcus has also invested in sound and voice search startup SoundHound, retail tech company Skip and Terayon, which was acquired by
