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Since Donald Trump Jr. joined VC firm 1789 Capital after his father won the election , he ’s been busy monetizing the Make America Great Again ( MAGA ) ecosystem .
He ’s been making bets in culture medium , pharmaceutical , gun , and crypto while tug against environmental , social , and brass ( ESG ) and multifariousness , fairness , and inclusion ( DEI),the Financial Timesreported .
The VC firm was co - set up by Trump donor Omeed Malik ( who is alsoa backer of Substack ) and has support from Rebekah Mercer , a backer of the conservative newsworthiness site Breitbart . materialistic influencer Charlie Kirk , right - wing wireless personality Clay Travis , and investor Marc Andreessen were also former angel of 1789,according to Bloomberg .
The 1789 team , situated less than two mile from Mar - a - Lago , is immersed in Trump world . So far , the firm led the $ 15 million cum cycle for Tucker Carlson ’s new medium company ; has rain buckets more than $ 50 million into Elon Musk ’s companies xAI and SpaceX ; clothe in a beverage company founded by right - wing YouTubers the Nelk Boys , and back up the forecasting land site Polymarket , according to Bloomberg .
The firm is reportedly seem for companies to win , under the expectation that President Trump will loosen up some fiscal regulatory rules , a germ told Bloomberg .
Overall , 1789 raise $ 500 million alone after Inauguration Day and is hoping to raise at least $ 1 billion for its first investment trust by the midriff of this year , especially from natural endowment and pensions in Republican province .
Elsewhere , according to Bloomberg and the Financial Times , Trump Jr. is on the board of three publicly swap companies , including a laggard manufacturer , a conservative marketplace , and a fintech . He ’s on the board of BlinkRX , a 1789 portfolio society that does drug deliveries . He ’s an adviser to the piece retail merchant GrabAGun , which Malik said he and Trump Jr. were looking to take public this twelvemonth . He ’s an adviser to another prediction market company , Kalshi , and alongside his comrade Eric , he is an investor in the biotech caller Dominari Holdings .
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He ’s also , of course , the sole trustee of Trump Media & Technology Group , the parent company of Truth Social .
Many were surprised that Trump Jr. decided to go deeper into the startup and investment human beings after his founding father became prexy again , Bloomberg reported , but the move has since become another indication of the deepening economical and social ties between the power players in Silicon Valley and on Capitol Hill .
