News Summary

A growing trend in Hollywood sees celebrities turning into venture capitalists and angel investors, leveraging their fame to back startups. Prominent figures in this movement include Snoop Dogg, who co-founded Casa Verde Capital, focusing on cannabis investments with companies like Reddit and Klarna in its portfolio. The Foster sisters have launched a venture firm supporting consumer companies, investing in brands like Kudos and Juliet. Kevin Hart’s HartBeat Ventures supports minority founders and has investments in companies like Masterworks and Savage x Fenty. Paris Hilton, through 11:11 Media, has invested in MoonPay and Colossal Biosciences. Ashton Kutcher is notable for co-founding A-Grade and Sound Ventures, investing in AI companies such as OpenAI and Hugging Face. Nas’s QueensBridge Venture Partners has backed over 130 companies, including Robinhood and Coinbase. Gwyneth Paltrow co-founded Kinship Ventures, focusing on consumer and wellness investments. Emma Watson has invested in sustainable and women’s health startups, while Olivia Wilde’s Proximity backs consumer technology. Jay-Z’s MarcyPen Capital Partners invests in diverse sectors, including companies like Sweetgreen and Epic Games.