Ask any hip-hop aficionado worth their salt who is on their list of Top 5 rappers, you’d be hard pressed to find someone who doesn’t put Nasir Jones, better known as Nas, on their list. The 43-year-old Queens, New York native has gone on to sell millions of records, and his debut album Illmatic is widely regarded as one of the greatest albums in the history of hip-hop. While Nas has been largely successful in the music business, he is looking to bring that same success to his investment portfolio.
Nas is a founding member of QueensBridge Venture Partners (named after his hometown of Queensbridge), a tech venture capital fund. Nas says that he looked to get involved in investing ever since he first heard the word “investment” in school. Said Nas in an interview with Fast Company, “You invest your time, you can invest money and it was just a matter of time before it all fell into place for me. That’s one of the things that I thought a lot about as a young kid — the guys behind the scenes who make things happen, help build people up, make dreams come true.”
Nas went on to say that he wanted to get into tech investing because he wanted “to be surrounded by the smartest people in the world, and didn’t want to limit that to just music.”
QueensBridge Venture Partners invests anywhere from $100,000 to $500,000 in a company, according to Anthony Saleh, Nas’ partner at Queensbridge, and manager. The competition to receive funding from QueensBridge is fierce, with roughly 100 companies pitching to the fund per month. Fewer than three of those companies are chosen by QueensBridge for an investment.
QueensBridge Venture Partners has a history of engaging in highly competitive and visible markets. Our collective experience has shaped our approach to investing by allowing us to quickly recognize and capitalize on key trends. Furthermore, by focusing on co-investment opportunities with leading venture capital funds and angel investors in Silicon Valley, we have unique access to very attractive companies.
Successful venture capital investing is highly influenced by a network of reputable investors. QBVP aligns itself with firms that have proven their ability to source and invest in the next generation of leading technology companies in Silicon Valley and emerging markets. We bring capital along with our network of industry veterans and corporate relationships to accelerate the development of the companies in which we co-invest. We seek to partner with firms that generate the most value among VCs and back the companies that reach enterprise value of over $1 billion on a regular basis.
The general partners of QBVP are industry veterans in consumer products & services, media & entertainment and financial services. We have (i) advised tech, media and entertainment companies in raising over $20 billion of capital at bulge bracket Wall Street firms (e.g. Goldman Sachs; Deutsche Bank) (ii) started over twenty businesses, (iii) produced and/or recorded six number 1 albums on the Billboard 200, (iv) sold over 25 million records worldwide, (v) have products in over 3,000 stores.
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Source: Nas Has Secretly Built A Venture Capital Tech Investment Empire | Celebrity Networth