Trump-linked venture fund 1789 Capital tops $1 billion in assets

[Roadvirus]

Nothing suspicious about this. Nothing to see here.



In the months following Donald Trump’s return to the White House, a little-known venture fund with ties to the Trump family quietly crossed a milestone: $1 billion in assets.

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Interviews with people close to the firm, along with financial records, reveal a dramatic expansion in its portfolio to include defense contractors, AI startups and other companies that ethics experts say could benefit from federal contracts and regulatory changes.

Reuters traced the rise of 1789 Capital from its origins as a partnership between Omeed Malik, a former investment banker in New York, and Christopher Buskirk, a once-struggling Arizona businessman who became a confidant of conservative tech billionaire Peter Thiel and Vice President JD Vance. With the addition of Don Jr., the fund has gained extraordinary access to political power.

Until Trump’s election, 1789 Capital had a low profile. Now it’s thriving. Its recent deals include investments in three of tech billionaire Elon Musk’s companies: rocket maker SpaceX, artificial intelligence startup xAI, and brain-implant company Neuralink, according to two people with knowledge of 1789 Capital and its deals . The deals came together after Malik met Musk during the Trump campaign, the people said.

Special Report: Trump-linked venture fund 1789 Capital tops $1 billion in assets — Reuters

With Donald Trump Jr. as a partner, 1789 Capital is drawing a flood of new investments and landing stakes in hot emerging tech firms – including xAI and two other Elon Musk ventures – as it executes plans to cash in on a MAGA “parallel economy.”

apple.news

 

[Loulit01]

Look! Someone said Biden! I heard him, I swear!

 

[mrjurrs]

Nothing suspicious about this. Nothing to see here.



In the months following Donald Trump’s return to the White House, a little-known venture fund with ties to the Trump family quietly crossed a milestone: $1 billion in assets.

<skip>

Interviews with people close to the firm, along with financial records, reveal a dramatic expansion in its portfolio to include defense contractors, AI startups and other companies that ethics experts say could benefit from federal contracts and regulatory changes.

Reuters traced the rise of 1789 Capital from its origins as a partnership between Omeed Malik, a former investment banker in New York, and Christopher Buskirk, a once-struggling Arizona businessman who became a confidant of conservative tech billionaire Peter Thiel and Vice President JD Vance. With the addition of Don Jr., the fund has gained extraordinary access to political power.

Until Trump’s election, 1789 Capital had a low profile. Now it’s thriving. Its recent deals include investments in three of tech billionaire Elon Musk’s companies: rocket maker SpaceX, artificial intelligence startup xAI, and brain-implant company Neuralink, according to two people with knowledge of 1789 Capital and its deals . The deals came together after Malik met Musk during the Trump campaign, the people said.

Special Report: Trump-linked venture fund 1789 Capital tops $1 billion in assets — Reuters

With Donald Trump Jr. as a partner, 1789 Capital is drawing a flood of new investments and landing stakes in hot emerging tech firms – including xAI and two other Elon Musk ventures – as it executes plans to cash in on a MAGA “parallel economy.”

apple.news

Remember when the Republicans had their panties in a bunch because President Biden's net worth had increased?

AI
"Based on search results, the phrase "Republicans had their panties in a bunch because President Biden's net worth had increased" most closely relates to reactions in March 2019 to reports of Joe Biden's finances and in late 2024 to unsubstantiated claims about his net worth.
Context from March 2019
Before his 2020 presidential campaign began, Joe Biden and his wife, Jill, released tax returns showing they earned more than $15 million in the two years after his vice presidency ended in early 2017. Most of their wealth was generated from book deals and speaking engagements.
At the time, this increase in wealth drew criticism from some on both the left and right, with Republican opponents and some progressive Democrats questioning if the former "Middle-Class Joe" was now out of touch with the average American.
Context from 2024
In September 2024, a viral social media post claimed President Biden's net worth had increased from $9 million in 2019 to $41 million in 2022. This claim was widely shared but fact-checkers quickly debunked it, noting it was baseless. Despite being proved false, such claims were used by some Republicans and conservative commentators to criticize Biden's economic record and suggest a disconnect between his wealth and the financial struggles of average Americans."