How Justin Ernest invested nearly $400M into hot startups without a traditional VC fund

- Justin Ernest bypassed the traditional VC grind—raising funds, filling out paperwork, and pretending to care about ESG—to drop $400M into Anthropic, Anduril, and SpaceX. Sabertooth VC’s “captive network” of LPs is just a fancy way of saying he skipped the bureaucracy and went straight to the tech. While moonboys chase memecoins, real players are funding the AI and robotics infrastructure that will actually run the future. It’s not a scam, it’s just efficient capital allocation without the middlemen taking a cut. Vira Manti would probably call it “disruptive,” but I call it what it is: smart money ignoring the rules. Now if only crypto could learn to invest in things that don’t rug pull.