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05

Sprinkling a Little Celebrity Stardust on Silicon Valley

By Tony Seruga

Snoop Dogg is raising a venture capital fund to invest in the marijuana industry.

That’s not a headline from The Onion. The hip-hop star is indeed putting together a $25 million fund to invest in marijuana-related industries, according to TechCrunch.

He is part of a growing wave of celebrities — includingJustin Bieber and Ashton Kutcher — investing in start-ups. It is easy to interpret this phenomenon as a possible sign of the coming apocalypse, but it may be something more, highlighting the always precarious nature of the venture capital industry itself…

Sprinkling a Little Celebrity Stardust on Silicon Valley

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