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Why Is Nas Investing In So Many Startup Companies Right Now?

Submitted by on December 18, 2013 – 11:59 amOne Comment
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Nas has already made a name for himself in the rap world. He’s released 11 solo albums. He’s dominated the Billboard charts for two decades. And he’s made millions and millions of dollars by spitting thousands of rhymes. So now, he’s looking to conquer a new world. Specifically, he wants to strike it rich by throwing money at dozens of different startup companies in the tech space in an effort to land on one or two that will hopefully bring in the big bucks. But is that really such a good idea?

To date, Nas and his manager Aymen Anthony Saleh have invested in about 40 startups. Those startups include companies like Fancy, Coinbase, Rap Genius, Stance, Fashion GPS, CapLinked, and more. And they’re not throwing small amounts of money into these startups, either. They have invested more than 50 percent of their total portfolio into them, and they’re hoping to invest in even more startup companies in the near future. However, as Pando Daily pointed out in a new feature on the two investors, celebrity investors fail more often than they succeed.

Sure, some of them turn a profit by investing in startups. For example, Ashton Kutcher has made some money investing in companies like Airbnb and Skype early on. But many, many, many celebrity investors throw their money behind products without educating themselves about them first. And as a result, they end up losing money. But Nas and Saleh say that’s not going to be them, because they’re both fully invested in the idea of learning about new startups and then funding them.

“We’re all gut,” says Saleh. “We also invest alongside a lot of folks that know what the hell they’re doing.”

Even so, Nas needs to be careful. As we mentioned at the beginning of this piece, he worked very hard to take over the rap game. And he was paid handsomely for it. So he shouldn’t squander all of the money that he made away by investing in more startups than he can manage. It’s great to see him so invested in the idea of it. But if he fails, there’s a good chance that other rappers coming up behind him will struggle to make it in the world of startups. So we sincerely hope that he knows what he’s doing right now—and that he works just as hard at investing as he used to work at rapping.

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