Jay-Z performing last week in Scotland. Photo by Kevin Mazur/Getty Images For Parkwood Entertainment.

Jay-Z and Roc Nation president Jay Brown have partnered with Silicon Valley venture capitalist Larry Marcus — whose investments have included Pandora and SoundHound— on a new investment platform called Marcy Venture Partners, according to regulatory filings in California.

Background: Last year we reported that the "Jays" were launching a VC firm in partnership with Sherpa Capital, but it was put on hold amid troubles at Sherpa and Roc Nation launching its own startup platform. Now the plan seems to be back, although Marcus declined comment.

Go deeper

Updated 15 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 33,138,963 — Total deaths: 998,380 — Total recoveries: 22,953,639Map.
  2. U.S.: Total confirmed cases as of 9 a.m. ET: 7,116,455 — Total deaths: 204,762 — Total recoveries: 2,766,280 — Total tests: 101,298,794Map.
  3. States: 3 states set single-day coronavirus case records last week
  4. Health: The childless vaccine — Why kids get less severe coronavirus infections.
  5. World: India the second country after U.S. to hit 6 million cases
25 mins ago - Technology

Exclusive: Where Trump and Biden stand on tech issues

Photo illustration: Aïda Amer/Axios. Getty Images photos: Win McNamee and Saul Loeb/AFP

Joe Biden has laid out a more concrete tech agenda whereas President Trump has focused on tax cuts and deregulation while criticizing tech firms for anti-conservative bias. That's according to a side-by-side analysis of the two candidates' tech records by the Information Technology & Innovation Foundation shared exclusively with Axios.

Why it matters: The tech industry needs to prepare for either four more years of Trump's impulsive policy approach or for a Biden administration that's likely to be critical of tech but slow to take action.

Dion Rabouin, author of Markets
2 hours ago - Economy & Business

Big Tech's share of the S&P 500 reached record level in August

Expand chart
Reproduced from The Leuthold Group; Chart: Axios Visuals

The gap between the weighting of the five largest companies in the S&P 500 and the 300 smallest rose to the highest ever at the end of August, according to data from the Leuthold Group.

Why it matters: The concentration of wealth in a few massive U.S. tech companies has reached a scale significantly greater than it was before the dot-com bubble burst.