Home > News > Post Content

Jay Z launches Arrive to fund startups, offer branding support and more (2998 hits)

Jay Zís new venture capital firm Arrive, has arrived ó the rap and business mogul has been planning the launch for a while, according to reports that surfaced in February, but a press release from parent company Roc Nation made it official on Monday. The investment platform will work with early-stage startups, and offer investment of capital as well as assistance with business development, branding and more to help those select companies flourish, per the official announcement.

Arriveís unique sales pitch to potential investment targets revolves heavily around its experience in brand building ó the company is unique among VC firms in terms of its exposure to the task of managing and building up artists, as well as athletes. Itís hoping to leverage that experience into something a bit different from the status quo in venture capital, according to the release, which could be a very appealing edge indeed to consumer-focused startups looking to accelerate their growth.

Roc Nation is working with Primary Venture Partners and GlassBridge Asset Management to form the new firm, with Primary acting as a venture advisor to guide investment, and GlassBridge offering business infrastructure support.

Arrive itself doesnít yet control a fund ó the press release suggests itís in the plan, however, with the aim of building a resource that can be put into both existing portfolio companies and investing in new ones. Jay Z has already invested in a number of startups, both independently and via Roc Nation, including Stance, Uber and more.

Edit: Dan Primack, who first reported the existence of Jay Zís VC fund, says that Arrive is a separate endeavor and that fund is still its own thing.

https://techcrunch.com/
Posted By: Elynor Moss
Friday, March 10th 2017 at 1:54PM
You can also click here to view all posts by this author...

Report obscenity | post comment
Share |
Please Login To Post Comments...
Email:
Password:

 
More From This Author
EXCLUSIVE: Rickey Smiley On Keeping It Real, Old School Parenting & His New Memoir
Are you looking for an opportunity to join the innovative, challenging and technical side of supply chain in procurement
Major Soccer League Internships and Employment Opportunities
PAID INTERNSHIP: Communications / Social Media Intern (Part-time, Anywhere in the US)
Meditate Monday
Apply today to become the Director of Baseball Operations at The University of Iowa!
EMPLOYERS: Register for the HBCU CONNECT Professional Recruitment Event held this October 2017!
Prairie View home opener against SHSU moved to Thursday, televised on ESPNU
Forward This Article Entry!
News Home
Sponsored Content Create an Ad
Follow Us!
Link To Us!
Do you have a website? Link to HBCU Connect!