African-American rapper and entrepreneur, Jay-Z recently announced he is now a venture capitalist.
According to Business Insider, Jay-Z is creating a fund called Marcy Venture Partners, the founding of which will, reportedly, be spearheaded by Walden Venture Capital’s managing director, Lawrence Marcus, and Roc Nation’s president, Jay Brown.
In 2017, Jay Z launched the investment platform Arrive to aid startups and businesses with branding support.
Jay-Z, however has a background in investing in startups, he previously invested in the luggage company Away, premium sock company Stance, the stock-trading app Robinhood and private-jet company JetSmarter. Techcrunch also reports that he invested in Uber’s Series B round in 2011.
Jay-Z has shared his thoughts on money, wealth-building and more importantly how he does business, below are some of our favourites.
Power of manifestation
“I believe you can speak things into existence.”
The business of character
“A wise man told me don’t argue with fools. Cause people from a distance can’t tell who is who.”
“Be more concerned with your character than your reputation. Because your character is what you really are, while your reputation is merely what others think you are.”
Your greatest power is you
“Remind yourself, nobody’s built like you. You design yourself.”
“Everyone needs a chance to evolve.”
Knowledge is power
“I’m hungry for knowledge. The whole thing is to learn every day, to get brighter and brighter. That’s what this world is about.”
“You can want success all you want, but to get it, you can’t falter. You can’t slip, you can’t sleep. One eye open, for real, and forever.”
“You learn more in failure than you ever do in success.”
“Successful people have a bigger fear of failure than people who’ve never done anything because if you haven’t been successful, then you don’t know how it feels to lose it all.”
“Only two things can get you through this: that’s patience and persistence.”
The art of selling
“I’m a hustler, baby; I sell water to a well!”