techcrunch
PublishedJune 9, 2026 at 11:17 PM
How Justin Ernest invested nearly $500M into hot startups without a traditional VC fund
Publisher summary· verbatim
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.
Stay posted· Newsletter
A 5-min weekly brief — top movers, price watch, story of the week.
Discussion
No replies yet. Be first.
Related coverage
More from TECHCRUNCH
techcrunchTheker just raised $85M to build the factory robot that doesn’t specialize in anything2htechcrunchJeff Bezos’s Prometheus raises $12B to build an ‘artificial general engineer’ for the physical world2htechcrunchSpaceX officially prices shares at $135 in the largest IPO ever7htechcrunchSpaceX SPV investors won’t know their true holdings until post-IPO lock-ups lift7hThe Bubble Brief
WEEKLYRead AI insights every Tuesday — top movers, new releases, story of the week.
Originally published on techcrunch ↗