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Funding
How Justin Ernest invested nearly $500M into hot startups without a traditional VC fund
Summary
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,
Why It Matters
Signals increasing investor interest and capital allocation in AI startups.
Referenced Coverage & Sources
How Justin Ernest invested nearly $500M into hot startups without a traditional VC fund
TechCrunch Venture•Jun 9, 2026
Anthropic's Dario Amodei has just one direct report
TechCrunch AI•Jun 11, 2026
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