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How Justin Ernest invested nearly $500M into hot startups without a traditional VC fund

TechCrunch • Tue, 09 Jun 2026

How Justin Ernest invested nearly $500M into hot startups without a traditional VC fund

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.

What happened?

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.

Story details

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.

Why it matters

This story helps build a stronger internal English tech archive around Technology, giving search visitors more reasons to keep browsing the site instead of bouncing after a single headline.

Original source

https://techcrunch.com/2026/06/09/how-justin-ernest-invested-nearly-500m-into-hot-startups-without-a-traditional-vc-fund/