How Justin Ernest invested nearly $400M 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 startups like Anthropic, Anduril, and SpaceX.
Justin Ernest, founder of Sabertooth VC, has deployed close to $400 million into promising startups. He bypassed the conventional year-long process of raising a formal venture capital fund. Instead, Ernest leveraged a pre-existing network of limited partners to facilitate these significant investments. The capital has been allocated to notable companies including AI firm Anthropic, defense technology company Anduril, and aerospace manufacturer SpaceX.
This approach offers a faster and potentially more agile way for startups to secure substantial funding, challenging traditional venture capital models.
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