JAY-Z Partners With Early Netflix Investor for New Venture Fund

The pairing with Marcus, an early backer of Netflix and Pandora, appears to pick up where the “Jays” left off when, last year, a deal to launch a fund with VC firm Sherpa Capital fell through. In March 2017, Roc Nation also launched the startup-backing fund Arrive, in collaboration with Primary Venture Partners and Glassbridge Asset Management.

The mogul and Tidal owner’s investment portfolio consists of luggage company Away, nail parlor company Julep, and the private-jet startup JetSmarter. He also notably invested in Uber’s Series B round in 2011 and earlier this year, Arrive announced it would be backing financial platform Robinhood.

For more details: billboard.com

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