Intellectual capital, M&A and Investments With roots in venture capital and M&A, New State Ventures understands the uniqueness of a business and its audience, the owners and their intellectual capital. As an independent label, New State Ventures offers a range of cross-functional venture channels SBRecords: an intellectual capital company representing progressive creators SBPro: a M&A company working with tech founders and recognized investors SBInvestments: an investment company backing exclusive ventures