Cyrus Langhorne
New York rapper Nas is out here proving squad goals are still important in 2018. The hip-hop veteran has jumped on social media to share a pic of himself with his entourage.
Nasty Nas went to Instagram last night (July 5) with a random shot of himself hanging out with the crew.
https://www.instagram.com/p/Bk30D0CFPNH/
This week, Nasir Jones made headlines for his capital firm-backed company PillPack getting bought by digital retail giant Amazon.
Queensbridge Venture Partners, the rapper’s venture capital firm, was an early backer of the Boston-based firm, along with VC heavyweights like Accel and Sherpa Capital. The sale will net the startup’s two co-founders around $100 million each, according to the Chicago Tribune. The size of Queensbridge’s stake is unclear, but it’s likely Nas is walking away with a solid chunk of money. (XXL Mag)
Additional reports claim PillPack personalizes shipments for people taking medications and streamlines the refill/co-pay process with automated pharmacy tasks.
The deal will give Amazon a nationwide drug network and bring it into direct competition with traditional pharmacy chains including Walgreens Boots Alliance Inc. and CVS Health Corp. PillPack is a niche player now, with more than 50,000 customers. But it also has pharmacy licenses in all 50 states and other infrastructure that could eventually help Amazon to expand broadly into the pharmacy arena. (Chicago Tribune)
Back in March, buzz developed about Amazon spending over $1 billion on Nas-backed company video doorbell startup Ring.
The deal, announced on Tuesday, gives Amazon a prominent home security company and, potentially, more tech firepower in its push to allow its delivery people to drop off packages inside buildings, where thieves can’t easily steal them. The terms of the acquisition were undisclosed, although news site Axios reported that Amazon likely paid more than $1.2 billion. (Fortune)
