Chamillionaire Is Now Working As A Venture Capitalist [PHOTO]
Fans of Houston rapper Chamillionaire may be curious what the emcee has been doing in recent years, but we are betting most wouldn't believe he is now involved in tech start-up. The rapper, whose real name is Hakeen Seriki, has recently been named the newest entrepreneur-in-residence at the prestigious investment firm, Upfront Ventures.
Mark Suster announced the news on his blog a few days ago, saying, “Chamillionaire has a way more refined sense of what customer behavior is like than most Ivy League graduates with nice PowerPoint slides that I meet.”
Most fans think of Chamillionaire as just a rapper, but this smart guy has been involved in entrepreneuship and tech stuff for over a decade. The rider invested in a Houston-based car dealership called FlyRydes in 2003. He later opened his own recording label, a modeling firm, a tour bus company, and even led a Global Innovation Tournament at Stanford as part of the Stanford Entrepreneurial Thought Leaders Seminar Series.
Chamillionaire met Suster of Upfront Ventures at various tech converences across the country. Suster later invested in Maker Studios with the rapper, which is an online video talent agency now owned by Disney.
Suster said of the rapper, "After seeing Chamillionaire interact with several entrepreneurs both at events and as an investor, I started introducing him to startups in an advisory capacity."
Chamillionaire wanting to become more involved in the tech world and the 35-year-old moved to Los Angeles. He now builds his own products and studies different business models. The rapper's goal is to usher in the next generation of tech entrepreneurs and to assist in giving advice to start-ups.
His entrepreneur-in-residence title is actually the first time in hip-hop history that a lyricist has been given such a distinguished distinction at a venture capital firm.
Chamillionaire has not released a studio album in eight years, but he did release two EPs in 2013 entitled Elevate and Reignfall.