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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…

AIFundraisingVentureandurilAnthropicplayground globalSpaceXSPV
TechCrunch Jun 9, 2026, 23:17 UTC
EN

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, A…

AIFundraisingVentureandurilAnthropicplayground globalSpaceXSPV
TechCrunch Jun 9, 2026, 23:17 UTC

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