Donald Trump Jr. stimulated startups related to Maga
Since Donald Trump Jr. joined the company VC 1789 Capital after his father won the elections, he was busy monetizing the Make America ecosystem (Maga).
He made betting in the media, pharmaceuticals, weapons Financial time reported.
The company VC was co -founded by Trump donor, Omeed Malik (who is also A substitution support) and has the support of Rebekah Mercer, a funder of the new Breitbart conservative site. Conservative influencer Charlie Kirk, the personality of the right radio, Clay Travis, and the investor Marc Andreessen were also the first donors of 1789, According to Bloomberg.
The 1789 team, located less than two kilometers from Mar-A-Lago, is immersed in the world of Trump. So far, the company has directed the $ 15 million seed tower for the new media company from Tucker Carlson; paid more than $ 50 million in Elon Musk Xai and SpaceX companies; Invested in a drinking company founded by the right -wing youtubers The Nelk Boys, and supported the Polymarket prediction site, according to Bloomberg.
The firm would be looking for companies to acquire, waiting for President Trump to soften certain financial regulatory rules, a source told Bloomberg.
Overall, 1789 raised $ 500 million alone after the day of the inauguration and hopes to collect at least 1 billion dollars for its first fund by the middle of this year, in particular allocations and pensions in the Republican States.
Elsewhere, according to Bloomberg and The Financial Times, Trump Jr. is on the board of directors of three listed companies, including a drone manufacturer, a conservative market and a fintech. He is on the board of directors of Blinkrx, a portfolio of 1789 which made drugs of drugs. He is an advisor to the firearm retailer Grabagun, who, according to Malik, said that he and Trump Jr. were looking to take public this year. He is an advisor to another prediction market company, Kalshi, and alongside his brother Eric, he is an investor in the Dominari Holdings biotechnology society.
He is also, of course, Trump Media & Technology Group’s only trustee, the parent company of Truth Social.
Many were surprised that Trump Jr. decided to go further in the world of startups and investments after his father became president again, reported Bloomberg, but this decision has since become another indication of the deepening of economic and social ties between powerful players of Silicon Valley and Capitol Hill.
