Nick Jonas has invested in Olipop, Snackpass, and Magic Spoon—he says he won’t back a founder without a killer story

• Multimillionaire musician Nick Jonas is a serial investor. You may know him for the Jonas Brothers, Jumanji: The Next Level, or his stint on Les Misérables, but behind the scenes he’s also made a pretty penny from investing in brands like Olipop and Magic Spoon. Now, he reveals to Fortune that he won’t partner with a brand that has a “manufactured” story, as well as his other investment red and green flags.

Popstar Nick Jonas has worn many hats: the heartthrob of the Jonas Brothers...