Instead of spending a year raising a formal venture fund, the Sabertooth VC founder used a captive network of LPs to invest in startups like Anthropic, Anduril, and SpaceX.
Technical Analysis
Justin Ernest invested nearly $500M into startups like Anthropic and Anduril without a formal VC fund. Sabertooth VC uses a unique LP network. Why it matters: This innovative approach could reshape how VC operates, cutting out traditional fundraising steps. #ArtificialIntelligence #AI #Tech #OpenAI
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