Jared Leto on Investing, Art of the Deal

A constant drive to learn keeps actor Jared Leto’s hands in a number of pots, from songwriting to acting to investing.
“I love to learn,” Leto told The Wall Street Journal’s D.Luxe conference Wednesday afternoon, held at the Montage in Laguna Beach, Calif.
While most know Leto for his films or his band, he’s also been consistently involved in start-ups having invested in companies such as Uber, Airbnb, Spotify, Reddit, Slack and Nest. The bug to invest began in the late Nineties, Leto said, when his band Thirty Seconds to Mars was signed to a record label and wanted to create a web site, which became an introduction into technology’s role in helping build community.
“When you’re in a band, you have to be really entrepreneurial,” Leto said. “As an actor, you have a studio and a huge marketing budget that can support a lot of the advertising and promotion of the film. But when you’re a musician, you have to become art director. You have to be really creative doing it and that was the very beginning. I started to learn how technology could help us to build community and solve problems. And then I’ve always been entrepreneurial.”
Leto said he looks for businesses that

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