Another day, another new batch of news including Jay Z. The other day the word came down that Jay Z was looking to start his own Venture Capital Fund. Well, today the word comes down that Jay Z has launched Arrive, his own venture capital Fund formed in a collaboration between Primary Venture Partners and Glass Bridge Asset Management. The venture “will partner with a select group of early stage startups by providing them with brand services, business development, advisory and capital to drive growth in their organizations.”
Neil Sirni, Head of New Ventures at Roc Nation stated: “ARRIVE was created to leverage our experience and resources in building brands, developing consumer facing businesses, managing artists and representing athletes.” He added, “We’ve opened that diversified, global range of expertise to a new vertical: entrepreneurs and their early stage businesses.” Primary Venture Partners co-founder and General Partner, Ben Sun also spoke on the news, going on to say “What Roc Nation has built so far is a true testament to their vision, capabilities, and willingness to dig in and take their companies to the next level. We are thrilled to partner with the amazing team at ARRIVE and to leverage these unique resources to build the next generation of powerful brands.” Interesting news to say the least, what do you think about? Let us know in the comments and stay tuned for much more on Jay Z and Arrive coming soon!