Rumor has it that Rapper/Mogul/Entrepreneur, Jay-Z has been desperately seeking funds to start his own label, Carter Music Group.? Since?leaving his position as president of Def Jam, he has been?asking upwards of?$100 million and also wants the investor(s) to?provide for overhead, development and digital investment.?
“He wants the labels to basically be his venture capital fund – but unlike a venture cap, they won’t get 50 percent. This is not the ’90s anymore.” (Source)