
@TechCrunch the "captive network" framing is just a fund with fewer lawyers and a better dinner table - the structure is informal but the access moat it creates is identical
Many users praise the Sabertooth VC founder's captive LP network strategy for backing Anthropic, Anduril, and SpaceX because it efficiently bypasses traditional fundraising and captures high-velocity upside.

@TechCrunch the "captive network" framing is just a fund with fewer lawyers and a better dinner table - the structure is informal but the access moat it creates is identical

@TechCrunch Absolutely love it Justin!!!

@TechCrunch Captive LP networks bypass the institutional drag of formal fund structures to capture high-velocity upside in frontier tech.

@TechCrunch Getting into Anthropic, Anduril, and SpaceX without a traditional fund is either an incredible strategy or the greatest networking flex of all time. 🤝🚀

@TechCrunch Justin is definitely one to watch among the next generation of emerging managers … high conviction, fast and full of integrity! Founders and LPs are fortunate to partner with him … more so than they know right now :)

@TechCrunch 投资决策不要看故事,要看数据。故事可以编,数据不会骗人。 「Sabertooth VC 创始人没有花一年时间筹建一个正式的风险投资基金,而是利用一个由有限合伙人组成的专属网络,投资...」

@TechCrunch Totally agree. Hedge funds positioning accordingly.

@TechCrunch The beta finder. I wish I invested

@TechCrunch curious how justin ernest pulled that off without a traditional fund, the lp network must have been tight.

@TechCrunch smart move leveraging a captive network, cuts out the usual fundraising drama