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Nas Makes Big Money Moves Alongside Google In $20M Investment



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 4 months ago '18        #1
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Eclectic  topics gone triple plat - Number 1 spot x147
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Nas Makes Big Money Moves Alongside Google In $20M Investment
 

 
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"Nas' accomplishments in hip-hop don't go unrecognized. Outside of rap, he's made some serious power plays and investments. We've heard him rap about being the Cryptocurrency Scarface on DJ Khaled's "Sorry Not Sorry" alongside Jay-Z. A founding member of Queensbridge Tech Investment, Nas' investment portfolio continues to grow every year.

The rapper's latest move involves a $20M investment alongside Google. Per Hollywood Reporter, Nas and Google both put in on a $20M investment for African mobile games publisher Carry1st. The new round of investment will be dedicated to expanding Carry1st's content and engineering teams.

Carry1st co-founder and CEO Cordel Robbin-Coker explained that the new group of investors are not only bringing the financial backing needed to expand the company but a level of knowledge that will be valuable to grow the brand.

"We’re excited to partner with this world-class group of investors who, in addition to capital, bring expertise across gaming, fintech, and web3,” Carry1st co-founder and CEO Cordel Robbin-Coker said in a statement. “In 2021, we launched multiple games and digital commerce solutions achieving really strong growth. Together we can accelerate this growth and achieve our goal of becoming the leading consumer internet company in the region.”

Along with Nas and Google, game developer Riot Games and venture capital firm Andreessen Horowitz have also joined in on the latest round of investment for Carry1st. "

visit this link https://www.hotnewhiphop. .. ws.146455.html
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48 comments
 

 4 months ago '04        #2
marcchrome  topics gone triple plat - Number 1 spot x2
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Dope..
+8   

 4 months ago '14        #3
NYSTATEOFMIND 
Props total: 14863 14 K  Slaps total: 874 874

+48   

 4 months ago '21        #4
mypostmakesense  topics gone triple plat - Number 1 spot x18
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I remember way back when "Nas lost" was an internet saying. Can't say that dumb sh*t now. Nas been on his Chamillionaire sh*t making serious plays.
+59   

 4 months ago '17        #5
Pythagoras  topics gone triple plat - Number 1 spot x1
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Cheers to the GOAT

+14   

 4 months ago '07        #6
Cambury  topics gone triple plat - Number 1 spot x1
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How much are these investments?

Dame Dash said alot of n*ggas is puttin in basically pennies on the dollar and basically brand embassadors. Apparently having these faces in these investment groups are great for publicity.

For instance Magic Johnson has a 2.3% stake in the Dodgers. If Nas had that same stake in this it would be 400k, that's not to knock the investment but it changes the perception when you say Nas and Google put in 20 million.


Last edited by Cambury; 01-20-2022 at 01:22 PM..
+18   

 4 months ago '16        #7
YKing  topics gone triple plat - Number 1 spot x4
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shouts out to the GOAT
fuc google tho
+2   

 4 months ago '09        #8
The Bully  topics gone triple plat - Number 1 spot x44
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 Cambury said
How much are these investments?

Dame Dash said alot of n*ggas is puttin in basically pennies on the dollar and basically brand embassadors. Apparently having these faces in these investment groups are great for publicity.

For instance Magic Johnson has a 2.3% stake in the Dodgers. If Nas had that same stake in this it would be 400k, that's not to knock the investment but it changes the perception when you say Nas and Google put in 20 million.
Dame Dash is a broke chatty patty who spends his day discussing other men, who gives a fu*k what he says
+15   

 4 months ago '19        #9
FrivolousSports 
Props total: 110888 110 K  Slaps total: 25536 25 K
Y'all can count his pockets but once people mention his album sales it's a problem

+6   

 4 months ago '04        #10
ddash 
Props total: 73131 73 K  Slaps total: 5604 5 K
 FrivolousSports said
Y'all can count his pockets but once people mention his album sales it's a problem



Cmon man lol

But Props to Nas
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 4 months ago '11        #11
itstruemental 
Props total: 2035 2 K  Slaps total: 718 718
 FrivolousSports said
Y'all can count his pockets but once people mention his album sales it's a problem

Album sale talk is over... Every artist has their own pocket of fans to monetize off of. Look at Weekend sales... it's over brosef...
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 4 months ago '13        #12
North!!!  topics gone triple plat - Number 1 spot x9
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wish young n*ggaz was on this type of time

Instead of crashing out…
+7   

 4 months ago '13        #13
DiegoRivera  topics gone triple plat - Number 1 spot x16
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 FrivolousSports said
Y'all can count his pockets but once people mention his album sales it's a problem

If yall notice, the major players from Nas's class that are still hyper relevant transcended the album sales hamster wheel. They just do what they want with their craft and have other ventures.

Album sales obsessions are for new n*ggas that aren't fixtures yet and whose brands can tank at any moment if they don't have a hit.
+9   

 4 months ago '04        #14
KidKingGoD 
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 Cambury said
How much are these investments?

Dame Dash said alot of n*ggas is puttin in basically pennies on the dollar and basically brand embassadors. Apparently having these faces in these investment groups are great for publicity.

For instance Magic Johnson has a 2.3% stake in the Dodgers. If Nas had that same stake in this it would be 400k, that's not to knock the investment but it changes the perception when you say Nas and Google put in 20 million.
Damn is right about that for certain deals. But NaS has his own investment company so…. His company is putting up the money through his investment firm. His company gets a commission AND NaS puts up his own money… “Pennie’s on the dollar” using other peoples $$. It’s how investment firms work.
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 4 months ago '07        #15
Cambury  topics gone triple plat - Number 1 spot x1
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 KidKingGoD said
Damn is right about that for certain deals. But NaS has his own investment company so…. His company is putting up the money through his investment firm. His company gets a commission AND NaS puts up his own money… “Pennie’s on the dollar” using other peoples $$. It’s how investment firms work.
Right but it's Nas AND Google.

The group Magic Johnson put together look how low his stake is % wise.
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 4 months ago '17        #16
Pythagoras  topics gone triple plat - Number 1 spot x1
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 Cambury said
How much are these investments?

Dame Dash said alot of n*ggas is puttin in basically pennies on the dollar and basically brand embassadors. Apparently having these faces in these investment groups are great for publicity.

For instance Magic Johnson has a 2.3% stake in the Dodgers. If Nas had that same stake in this it would be 400k, that's not to knock the investment but it changes the perception when you say Nas and Google put in 20 million.
It's a venture capital investment bruh he's not supposed to own a majority and neither does Google. He likely coinvested with Google and other VC firms. Nas been doing this for a while with Queens bridge ventures and has been pretty successful with it.
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 4 months ago '09        #17
Troop 
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 mypostmakesense said
I remember way back when "Nas lost" was a Boxden saying. Can't say that dumb sh*t now. Nas been on his Chamillionaire sh*t making serious plays.
Fixed, and facts.
+2   

 4 months ago '07        #18
Cambury  topics gone triple plat - Number 1 spot x1
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 Pythagoras said
It's a venture capital investment bruh he's not supposed to own a majority and neither does Google. He likely coinvested with Google and other VC firms. Nas been doing this for a while with Queens bridge ventures and has been pretty successful with it.
Right I understand that but the media will put 20 million and he put up a couple hundred thousand.


Remember Jay initial investment in the Nets was like 200k but for years people thought he made a couple hundred Mil even Forbes reported that.
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 4 months ago '17        #19
Pythagoras  topics gone triple plat - Number 1 spot x1
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 Cambury said
Right I understand that but the media will put 20 million and he put up a couple hundred thousand.


Remember Jay initial investment in the Nets was like 200k but for years people thought he made a couple hundred Mil even Forbes reported that.
Yea can't speak for the media but that $20 million is the total investment by a number of VC firms, including Nas and Google. Wouldn't surprise me if Nas put up a million or sumn and that's fine. Most VC investments fail but the ones that hit make up for it (if you're good). You don't win the VC game by concentrating money into one or a few investments.
+3   

 4 months ago '07        #20
Cambury  topics gone triple plat - Number 1 spot x1
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 Pythagoras said
Yea can't speak for the media but that $20 million is the total investment by a number of VC firms, including Nas and Google. Wouldn't surprise me if Nas put up a million or sumn and that's fine. Most VC investments fail but the ones that hit make up for it (if you're good). You don't win the VC game by concentrating money into one or a few investments.
Right and if you go to my initial post I understand that.

My whole point is the headlines make it more than it is.
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 4 months ago '11        #21
winning2011  topics gone triple plat - Number 1 spot x4
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 Cambury said
How much are these investments?

Dame Dash said alot of n*ggas is puttin in basically pennies on the dollar and basically brand embassadors. Apparently having these faces in these investment groups are great for publicity.

For instance Magic Johnson has a 2.3% stake in the Dodgers. If Nas had that same stake in this it would be 400k, that's not to knock the investment but it changes the perception when you say Nas and Google put in 20 million.
So if that’s true….Magic invested $46m in 2012 and now it’s worth $82.11m as of last year. ….looks like he’s winning
+4   

 4 months ago '04        #22
Adwerdz  topics gone triple plat - Number 1 spot x83
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Expandin' more to the big screen, Bill Gates dreams
But it seems you'd rather see me in jail with state greens


+7   

 4 months ago '21        #23
mypostmakesense  topics gone triple plat - Number 1 spot x18
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 Troop said
Fixed, and facts.
I remember seeing it on Realestn*ggas, RGF and Onsmash back in the day. Idk who originated it but it was everywhere.
+1   

 4 months ago '18        #24
Sick Flair 
Props total: 26135 26 K  Slaps total: 1890 1 K
fu*k the games. Invest in Africa, so we can break this stockholm syndrome.
+3   

 4 months ago '04        #25
mt fuji 
Props total: 5459 5 K  Slaps total: 585 585
 FrivolousSports said
Y'all can count his pockets but once people mention his album sales it's a problem

Not really.

Especially if you are a real Hip Hop head.

Album sales, Grammys, awards that's record industry sh*t

I never understood why people cared. How does that change the way you feel about the music?
+1   



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