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.”
>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.
>The firm, 1789 Capital, was once a niche experiment that aimed to align equity investing with conservative political values.
>This year, it has grown into a financial powerhouse following two strokes of fortune: Trump’s election in November and the addition of his eldest son, Donald Trump Jr., as a 1789 partner that same month.
>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.
1 Comment
Archived version: [https://archive.fo/tdzKM](https://archive.fo/tdzKM).
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.”
>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.
>The firm, 1789 Capital, was once a niche experiment that aimed to align equity investing with conservative political values.
>This year, it has grown into a financial powerhouse following two strokes of fortune: Trump’s election in November and the addition of his eldest son, Donald Trump Jr., as a 1789 partner that same month.
>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.
!ping Extremism