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Drake Is Feeding Us More Than Music with Latest Chicken Chain Investment

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Drake Chicken Chain

Drake is taking over streaming platforms and now appetites. 

On Monday, Bloomberg reported that the Toronto native has invested in Dave’s Hot Chicken, which is based in California. 

According to the report, Drake will have a minority stake in the chicken chain, giving him less than 50-percent ownership.  With the move, the Certified Lover Boy stands alongside Boston Red Sox Chairman Tom Werner and actor Samuel L. Jackson as the three big-name investors in Dave’s Hot Chicken.

Launched in 2017, as a pop-up the chicken spot now has 22 locations. Largely based in California with plans of opening 25 more by the end of the year, with expansion to cities including Chicago and Houston.

Drizzy posted himself on IG pictured with chicken tenders, pickles and fries from Dave’s. “I tried the food and it was amazing. After meeting the founders and hearing their story, I jumped at the opportunity to invest,” Drake said in a statement.

The news follows Drake’s second week on the top spot on the Billboard 200 charts. According to Billboard, Drake’s CLB total has surpassed 849,000 in sales. The “Way 2 Sexy” singer should see platinum status before the month’s end.

Will Drake’s association boost the chicken chain’s popularity? Share your thoughts below.

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Nas Expands His Portfolio Set To Become Co-Owner of Escobar Cigars

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Escobar Cigars Nas source @nas IG

“Escobar season begins,” as heard on King’s Disease II.

Nasir “Nas” Jones is continuing to expand his portfolio with his latest venture in the cigar industry. The New York native and legendary rapper will serve as a co-owner and equity partner in Escobar Cigars.

Escobar Cigars and its parent company, Puros Privados, launched in 2018. The company’s headquarters, the Escobar Factory is based in Estelí, Nicaragua. The brand currently offers two lines, the Escobar Natural and Escobar Maduro.

According to the brands website, each line boasts five different varieties, all dependent on the user’s personal taste and interest.

In a written statement Nas shared enthusiasm of his new VC investment.

“When the team at Escobar Cigars initially approached me, I was immediately drawn to the brand by the exceptional quality of their product.”

Nas continued, “This partnership with Escobar has been almost two years in the making and I am honored to be an equity partner with them. I am looking forward to growing this brand and to giving back to the local communities in Nicaragua where our tobacco is grown, aged, and hand-rolled into a premium cigar.”

Nas also the co-founder of Mass Appeal Records is building an expansive portfolio through his VC firm QueensBridge. According to reports his portfolio includes over 100 companies. The firm has invested in companies such as stock trading platform Robinhood Markets Inc., crypto exchange Coinbase Global Inc., cloud storage firm DropBox Inc. and ride-hailing service Lyft Inc. Which are now all public companies.

Nas is an architect of culture and he continues to grow the business of Hip-Hop.

Escobar Cigars Nas
Source: Escobar Cigars

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Jay-Z & Will Smith Invest In Outdoor Camping App Hipcamp

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Hipcamp

Source: Hipcamp / Hipcamp

A new app is hoping to bring outdoor camping to wider audiences by way of a similar model to temporary lodging company Airbnb. Hipcamp just received a big round of funding from several investment partners, including Jay-Z and Will Smith.

On Tuesday (August 13), Alyssa Ravasio, the CEO and founder of Hipcamp, announced the involvement of Jay-Z’s Marcy Venture Partners, and Will Smith’s Dreamers Fund. According to a publicist’s e-mail, the Brooklyn business mogul’s group invested $1 million, adding to an overall $25 million dollar funding round that was announced around three weeks ago.

From Ravasio’s blog post on Hipcamp:

Today, I’m beyond honored to welcome Marcy Venture Partners and Dreamers Fund to the Hipcamp community. Marcy Venture Partners is co-founded by Shawn Carter (“Jay-Z”), Jay Brown, and Larry Marcus, and Dreamers Fund is co-founded by Will Smith, Keisuke Honda, Kosaku Yada, and Takeshi Nakanishi. Through our partnership with the Cultural Leadership Fund, we’re proud to collaborate with some of the world’s most influential cultural leaders, taking a major step toward achieving our mission to get more people outside. Our vision for Hipcamp is to fundamentally shift culture in a way that fosters widespread connections to the outdoors, encompassing every person who needs to breathe fresh air and directly experience nature’s awe-inspiring impact.

Considering that people young and old are looking for ways to incorporate the outdoors more into their lives, this could prove to be a fruitful venture for Hov and the Fresh Prince. Hipcamp provides campers options for over 300,000 campsites, public parks, RVs and more.

Learn more about Hipcamp here.

Hipcamp

Source: Hipcamp / Hipcamp

Hipcamp

Source: Hipcamp / Hipcamp

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Photo: Hipcamp

Source: HipHopWired.com

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New Investement App Otis Wants To Turn Aficionados Into Shareholders

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New Investment App Otis Lets Users Invest In Rare Items

Source: OTIS / OTIS

Imagine being able to not just own a rare piece of art, an elusive pair of sneakers or the first edition of a comic book but to also own a share of it. A new investment app called Otis wants to make that happen for users.

Officially launched on July 9, Otis turns aficionados into shareholders. Starting as low as $10 per share, art enthusiasts will be able to invest in a specially curated selection of comics, sneakers, and other items.

As part of the apps inaugural launch, items such as artworks by Kehinde Wiley, KAWS, Takashi Murakami, Rolex Daytona watches, Supreme Skateboard decks and The Incredible Hulk comics and more help kick things off.

Per an email statement:

“The brand’s goal is to democratize access to wealth by allowing everyday millennials to invest in alternative assets typically only obtainable by the wealthiest 1%. The idea is also that the investments are as much personal gains as they are financial because you’re investing in items that you both care about and understand, with stories to tell rather than just symbols on a stock ticker.”

Before users can invest in the item, each potential investment will be available for preview. On the app, potential investors can see detailed information like the value of the particular product, the price per share, and its cultural importance.

Otis is now available to download in the Apple Store, and Google Play. To learn more about Otis, you can head to the official website for more information.

Happy investing.

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Photo: Otis

Source: HipHopWired.com

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Chamillionaire & E40 Connect With Republic For Start-Up Funding Contest

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Golden State Warriors v Houston Rockets

Source: Bob Levey / Getty

For some time now, Chamillionaire has thrived within the venture capital world and as an entrepreneur in residence with the Upfront Ventures. The Texas rapper is now teaming up with fellow artist and businessman E-40 and investment platform Republic for a new contest that will award thousands to an up and coming start-up business.

Chamillionaire has launched a similar venture earlier this year during Black History Month for Black start-ups, granting $10,000 to the standout business, which was announced on the developing social video platform, Convoz.  Earlier this week, it was revealed that Chamillionaire, E-40 and Republic will give $25,000 to the best minority or women-funded venture. The deadline for start-ups to make their submissions is June 15th with the winner added on June 21st.

The official announcement will cone via Convoz, which can be downloaded via iOS and Android.

Check out Chamillionaire’s Instagram announcement of the contest below.

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Photo: Getty

Source: HipHopWired.com

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