How Justin Ernest invested nearly $400M into hot startups without a traditional VC fund
TechCrunch
Justin Ernest utilized his network to invest $400 million in high-profile startups using SPVs instead of a traditional venture capital fund.Summary
Justin Ernest, founder of Sabertooth VC, has successfully invested nearly $400 million into high-growth companies like Anthropic and SpaceX. By leveraging his professional network, he bypassed the lengthy process of launching a traditional fund, instead using Special Purpose Vehicles (SPVs) to offer family offices and institutional investors access to exclusive, vetted deals. His reputation for legitimacy and strategic access has allowed him to secure significant allocations in company-approved funding rounds, with plans to eventually transition into a traditional venture capital fund based on his proven track record.
(Source：TechCrunch)