On the planet of hip-hop, rap artists transformed business owners– Shawn “Jay Z” Carter, Andre “Dr. Dre” Young and also Curtis “50 Cent” Jackson being one of the most identifiable names– have actually come to be relatively prevalent. Nowadays, the majority of musicians have side endeavors in songs (obviously), garments, food as well as drinks. Nonetheless outstanding their specific company expertise, few of them are able to call themselves full-fledged capitalists in Silicon Valley startups.
Count Nasir Jones, the multiplatinum-selling rap artist much better understood by his phase name “Nas,” amongst that elite team. The Queens, New York-bred musician that initially struck the graphes greater than 20 years earlier has actually silently transfigured right into a respected angel capitalist– establishing the financial backing company QueensBridge Venture Partners. The company (not to be perplexed with the hip-hop supergroup Jones fronted back in the ’90s) channels cash money right into startups as differed as healthcare, economic innovation and also Bitcoin.
QueensBridge, based in Los Angeles, buys greater than 40 startups throughout a variety of fields like economic modern technology, healthcare as well as songs manufacturing. That has actually aided place Jones in the very same strata as Ashton Kutcher as well as U2 frontman Bono as the technology globe’s most significant star capitalists.
Review MoreChina’s technology elite like a brand-new property course: Start-ups
In an intricate industry where billions are collected– as well as money starving startups are birthed as well as hidden in the blink of an eye– just how does one of rap’s living tales specify his financial investment approach? Jones’ response is remarkably straightforward.
” People. That is the outright No. 1,” Jones informed CNBC by means of e-mail. “I like to bank on terrific individuals that motivate me and also make me believe or see points in a different way.”
A huge component of that pertains to the monitoring group, Jones included, which “makes a significant distinction in the type of business that will certainly stand out to me.”