Donald Trump Jr.'s partnership in 1789 Capital, a small venture capital firm, raised eyebrows after he joined shortly after his father's presidential election. The firm aims to invest in 'anti-woke' businesses and has rapidly expanded its portfolio to include shares in high-profile companies such as SpaceX and xAI. While leveraging personal connections in venture capital is customary, the firm's investments linked to the Trump family have sparked concerns of potential conflicts of interest, especially given the administration's opaque dealings with major industry players.
At that point, 1789 was a microscopic player in the world of venture capital. It had raised less than $200 million, and it hadn't made many investments.
Despite its tiny size, the firm has been granted shares in several coveted offerings, including Elon Musk's SpaceX, essentially an insider deal.
Collection
[
|
...
]