How Justin Ernest invested nearly $400M into hot startups without a traditional VC fund
TechCrunch AI·23 hours ago·Business
Justin Ernest built a captive network of limited partners instead of spending a year raising a formal venture fund. This flexible structure allowed him to move quickly into competitive deals at top startups. Through this approach, he deployed nearly $400M into high-profile companies including Anthropic, Anduril, and SpaceX.