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Wu-Tang clan member invested in online chess, entertainer investing - Business Insider

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Here's what happened when a member of the Wu-Tang Clan invested in an online chess site and offered to play against users (by zogblog)

Zack O'Malley Greenburg is the author of "3 Kings," "Empire State of Mind," and "Michael Jackson, Inc."A-LIST ANGELS: How a Band of Actors, Artists, and Athletes Hacked Silicon ValleyIn it, he tells the tale of Wu-Tang Clan cofounder Robert "RZA" Diggs venturing into the world of investing.

He'd grown up in hip-hop, a genre founded on a sort of technology: the turntable, which enabled early DJs to extend the most danceable parts, or breaks, of popular songs. Whether it was "b-boys" or "b-girls" showing their skills during these interludes or emcees laying verses, this advancement paved the way for the foundation of the genre that's now America's most consumed form of music.

RZA had grown up poor on Staten Island, but two of the things that opened his eyes to the broader world were martial arts and chess. He learned chess at age 11 from a girl he claims also took his virginity; throughout his adolescence, he says he engaged in more of the latter sort of one-on-one play, in part because his family couldn't afford a chess set.

WuChess launched in June 2008 with 5,000 fans preregistered and mere hundreds paying the annual $48 membership fee up front. With support from organizations like the Hiphop Chess Federation, which aimed to empower youth through the connection between hip-hop and martial arts — and the allure of playing against actual Wu-Tang members — WuChess claimed its ranks would soon soar.

The site eventually faded away, and Zisk got burned; RZA simply lost equity he hadn't paid for. When asked what had transpired, Bobby Digital offered a slightly different explanation. "Something sloppy happened from my side of the table," he says. "I think somebody in my camp did some ghetto s--- ... I just remember somebody on my camp doing something really stupid, and it really was embarrassing.

 

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