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Reaching the greatest of all time (GOAT) status is no easy feat. In basketball, many argue that Michael Jordan is the GOAT. Serena Williams can be seen as the GOAT of tennis, but when it comes to this music thing, specifically Hip-Hop — many would suggest that Jay-Z holds the title. Since “Reasonable Doubt” in 1996, Shawn Carter has given the world several top hits that pushed his superstar status through the roof. The New York native has been able to leverage all of his success and become a significant investor and businessman. However, his perspective about ownership might be shocking.
Jay-Z’s Roc Nation has finally reached a settlement with its gaming subsidiary, Unanimous Games. On Saturday, Dec. 4, at the same time that the Hip-Hop mogul entered a new chapter of life, Roc Nation settled a lawsuit related to his cousin Briant Biggs and an alleged scam involving investor Blueprint Capital Holdings, according to reports from Thirsty For News. As previously reported by AfroTech, Biggs was accused of working with a group to raise $1.5 million for a new division of Roc Nation by the name of Unanimous Games. The games were to be focused on eSports and the video game industry. As you can already gather, that didn’t really play out so well.
Partake Foods — an allergy-friendly cookie company — closed a $1 million funding round this week led by Marcy Ventures , Jay-Z’s venture capital firm. The New Jersey-based company launched in 2016 after its founder, Denise Woodard, needed to find snacks for her daughter who’d just been diagnosed with a list of common food allergies. Woodard developed a recipe for cookies that excluded wheat, tree nuts, peanuts, milk, eggs, soy, fish, and shellfish. The company has five cookie flavors ranging from double chocolate chip to carrot oat. Each box costs $4.99 in retail stores and two boxes cost $14.99 on Amazon . The cookies are currently carried in Whole Foods, Wegmans, and over 300 other specialty grocery stores. Partake Foods plans to expand to at least 1,000 more stores by the end of the year. Marcy Ventures invested in another food-focused startup early this year. The firm provided $8 million in funding to Arlington, Va.-based food-tech company, Hungry Marketplace, for its Series A...