Amazon Buys Nas-Backed Pharmaceutical Startup for $1 Billion

[Goldie]

Nas has got a talent that lies outside of the rap game. The artist picks the right kinds of business ventures. A recent announcement revealed Amazon's acquisition of an online pharmacy called PillPack. The startup offers a door-to-door service, enabling their customers to stock up by ordering online and having their products delivered directly to their homes.

PillPack was backed by Nas' Queensbridge Venture Partners as an early investor in 2014. The fund is said to have raised $8.8 million. Since then, a total of $118 million was amassed in private capital investments before Amazon's involvement. The deal is set to be finalized this fall. TJ Parker and Elliot Cohen, the owners of the online pharmacy, are each making $100 million from the deal. Nas and his crew are more than like to have hefty cheques coming in too.

Nas has been winning big in business on the low. This is the second time Amazon buys out one of his investments. In March, the retail giant shelled out $1 billion to purchase Ring, a smart doorbell company. Nas came out of that deal with a cool $40M. Queensbridge Venture Partners also had a hand in Lyft, Genius (FKA Rap Genius) and more. It seems like the New York City native moves in silence for the most part. Folks should not be fooled by his humble demeanor.

 

[Dwayne]

So nas is part of BIG PHARMA now?

Aint they the enemy of the ppl?

 

[Chicity]

Nas Lost.....

 

[Black_Samson]

Fucking traitor.

 

[DOS_patos]

smdh
investing in something doesnt make you smart.

simply because when you invest and lose money doesnt make you dumb.

it makes him an investor

 

[DOS_patos]

and fuck yall who got a problem with pharma.

they pay my bills

 

[The Lonious Monk]

smdh
investing in something doesnt make you smart.

simply because when you invest and lose money doesnt make you dumb.

it makes him an investor

That's not really true. If you're making a business out of investing. Your record of earnings does say something about your acumen.

 

[SKPJR]

inb4 kelis takes half

 

[Worldwide]

Is it a 4 way split between Nas, Jungle, Wiz, and Horse?

 

[LurkerSix]

These celebrities not good investors, they people that got them to trust them with their money are.

 

[Broddie]

Regardless of what it is, not bad for a 13 yr old dropout.

 

[Old Man Cain]

His team is making the right moves and he's putting in little and getting big results from him. I respect it

 

[Old Man Cain]

On a side note..........Amazon is buying up everything and will control half of the country. Won't be surprised if and when that bubble bust and the government step in.

 

[1/2]

On a side note..........Amazon is buying up everything and will control half of the country. Won't be surprised if and when that bubble bust and the government step in.

Prime in the System: The Freeway Bezos Story

 

[DOS_patos]

That's not really true. If you're making a business out of investing. Your record of earnings does say something about your acumen.

heres the thing tho.....

if hes apart of a group that votes on what to invest in...does that make him smart?

this is a group thing.

the collective may be making moves and hes apart of the collective.

so lets give credit to Queensbridge ventures. not only one person within the group.

 

[Ironman]

Nasty Nas in your area about to cause mass hysteria

 

[The Lonious Monk]

heres the thing tho.....

if hes apart of a group that votes on what to invest in...does that make him smart?

this is a group thing.

the collective may be making moves and hes apart of the collective.

so lets give credit to Queensbridge ventures. not only one person within the group.

It may not say he's some kinda genius, but he's clearly making good moves. Why are you trying so hard to take that credit away from him?

 

[DOS_patos]

It may not say he's some kinda genius, but he's clearly making good moves. Why are you trying so hard to take that credit away from him?

or why do you look at it like im taking credit away from him vs making sure everyone gets equal credit?

 

[The Lonious Monk]

or why do you look at it like im taking credit away from him vs making sure everyone gets equal credit?

We don't know how the credit is distributed, so it's impossible to make sure everyone gets equal credit. The article clearly points out that it's the company Nas is associated with that is doing the work, not just Nas himself. You seem to be trying to correct a wrong that doesn't exist.

 

[DOS_patos]

We don't know how the credit is distributed, so it's impossible to make sure everyone gets equal credit. The article clearly points out that it's the company Nas is associated with that is doing the work, not just Nas himself. You seem to be trying to correct a wrong that doesn't exist.

but its ok for people to say nas is smart?

ok...must be only one side