DeepSummary
In this podcast episode, Charlie Hanna from Marcy Venture Partners discusses the fund's strategy and investment focus. Marcy Venture Partners was co-founded by Jay-Z, J. Brown, and Larry Marcus, with the goal of investing in consumer products and services that align with culture, inclusivity, accessibility, empowerment, health, and wellness. The fund primarily leads Series A and Series B rounds, investing between $5 million and $15 million per deal.
Hanna explains that Marcy Venture Partners leverages the networks and influence of its founders, particularly Jay-Z and J. Brown, to identify and support brands that resonate with younger demographics. The fund has invested in companies like Savage X Fenty, Our Place, and Therabody, where the involvement of influential personalities can drive marketing, customer acquisition, and brand building.
Hanna also discusses Marcy's interest in web3 and blockchain technologies, believing that every company will eventually be "blockchain-enabled" or built on decentralized protocols. However, the fund is selective in its web3 investments, focusing on consumer-facing applications that provide access to cryptocurrencies, NFTs, or blockchain-based content.
Key Episodes Takeaways
- Marcy Venture Partners focuses on investing in consumer brands that align with culture, inclusivity, accessibility, empowerment, health, and wellness.
- The fund leverages the networks and influence of its co-founders, Jay-Z and J. Brown, to identify and support brands that resonate with younger demographics.
- Marcy Venture Partners believes that diversity in founding teams is essential for building successful consumer brands in the 21st century.
- The fund leads Series A and Series B rounds, investing between $5 million and $15 million per deal.
- Marcy Venture Partners is exploring web3 and blockchain technologies, but with a focus on consumer-facing applications that provide access to cryptocurrencies, NFTs, or blockchain-based content.
- Authenticity and brand building are key considerations for the fund when evaluating potential investments.
- Hanna draws parallels between his experience in the talent agency world and his role as a venture capitalist, supporting founders in realizing their creative vision for their companies.
- The fund believes that every company will eventually be "blockchain-enabled" or built on decentralized protocols.
Top Episodes Quotes
- “I think he's one of the smartest people I've ever met. He's very good at business. He's very good at brand building. One of the things that I think is really interesting that if you look at some of the billionaires in music, whether it's Jay Z, whether it's Kanye west, whether it's. Know, the funny thing about all three of them is none of them made their billion dollars in music. They all made it in brand building.“ by Charlie Hanna
- “The consumer can smell BS from a mile away.“ by Charlie Hanna
- “As a venture capitalist, you are providing a founder with the resources, the expertise, the capital, the co investors to realize their creative vision, their company.“ by Charlie Hanna
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Episode Information
LA Venture
TenOneTen
8/3/22
Marcy Venture Partners has grown from $30M to $900M AUM, now leading Series A and Series B rounds.