Nas and Snoop Dogg supported Robinhood's commercial application, and now legendary rap star Jay-Z has added his imprimatur through a subsidiary, Arrive. Robinhood is already valued at more than a billion dollars, approaching 1.5 billion so far, having recently announced Robinhood Crypto.
Shawn Carter, 48, better known as Jay-Z, owns a management company focused on entertainment, Roc Nation: talent agency, concert promotion, music production, label, production of movies and even music publishing. his vocation. The 21 winners of Grammy, 100 million nacelle records, can now add crypto to this list.
In the spring of last year, Mr. Carter announced a subsidiary, Arrive Venture Capital, under his banner Roc Nation (itself owned by Live Nation Entertainment, which belongs in turn to Liberty Media) to focus on startups. Mr. Carter's inclination to invest in hungry businesses dates back at least until 2012, when he would have been a technician: the Away luggage manufacturer, the private jet company Jetsmarter, and even a series B ride. with Uber.
Neil Sirni, director of Arrive, explains, "Arrive was created to leverage our experience and our resources in creating brands, developing consumer-centric businesses , artist management and athlete representation. We have opened this diversified and global range of expertise to a new vertical: entrepreneurs and their companies in early growth. "
Robinhood late last month Announced that he was expanding his services to include free trades in bitcoin and l & # 39; 39, ether, and it triggered a publicity storm. Although the company does not intend to become a cryptocurrency market itself, analysts believe that such a format could one day seriously challenge more well-established platforms . In one week, more than one million people enrolled in the service.
Not his first rodeo
Sirni continued, "We believe in Baiju and Vlad's mission to make financial markets more accessible and profitable for clients of all sizes. Robinhood will have our support as they execute the long-term vision of their business. " Robinhood already has more than three million users.Its total value is close to one billion and The model is a loss leader, with essentially free stock trades, and has launched a web-based service, and its Robinhood Crypto, though initially limited, is already considered a success. ]
Arrive has invested in the Insite Applications location sharing project, and Devialet, an audio technology company. Robinhood is the third company to arrive, and comes immediately after the bitcoin of the startup and one or the other ad.
Although rappers like 50 Cent notoriously invested in bitcoin, Jay-Z was the first. His concert at Soldier Field Stadium is associated with the local newspaper Chicago Sun Times to sell bitcoin notes through a third-party vendor.
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Images published with the kind permission of Pixabay, Roc Nation.
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