How Justin Ernest invested nearly $400M into hot startups without a traditional VC fund
Justin Ernest's firm, Sabertooth Capital, has invested nearly $500 million into 10 high-profile AI and tech startups over the past year. Instead of a traditional VC fund, Ernest uses Special Purpose Vehicles (SPVs) to offer individual deal allocations to a network of about 30 smaller institutional investors and family offices. This approach leverages Ernest's strong reputation and connections to secure access to later-stage funding rounds for companies like Anthropic, Anduril, and SpaceX. AI
IMPACT Demonstrates new pathways for capital to reach high-growth AI companies, potentially increasing deal flow and competition for allocations.