Justin Ernest Invests Nearly $500M into High-Profile Startups Using SPVs Instead of Traditional VC Fund
Justin Ernest has raised nearly $500 million through special purpose vehicles (SPVs) to invest in high-profile, late-stage startups like Anthropic and Databricks. Rather than launching a traditional venture capital fund, he leverages his network at Sabertooth Capital to offer individual deals directly to institutional investors.
Tickers: $DBX
Topics: AI startups family offices SPVs venture capital