Rock stars party, MCs invest
Summary
Following the launch of Jay Z’s new VC vehicle, Arrive, earlier this month, we did a data pull on how music industry moguls spend their ducats. And hip hop artists are way ahead of rock stars when it comes to making tech investments, according to an analysis of Crunchbase data. There are more than a dozen hip hop and pop stars in the Crunchbase data set who have invested in startups. Rock stars, by contrast, weren’t prolific investors, with the occasional exception like U2’s Bono, a co-founder of media and technology investment firm Elevation Partners. On the hip hop and pop side, here’s a rundown on the top celebrity investors and the deals they’ve done.
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