Introduction to 1789 Capital

Since joining VC firm 1789 Capital after his father's election win, Donald Trump Jr. has been busy monetizing the MAGA ecosystem. He's made investments in various sectors, including media, pharmaceuticals, guns, and crypto, while opposing environmental, social, and governance (ESG) and diversity, equity, and inclusion (DEI) initiatives.

The VC firm, co-founded by Trump donor Omeed Malik, has support from Rebekah Mercer, a backer of the conservative news site Breitbart. Other early backers include conservative influencer Charlie Kirk, right-wing radio personality Clay Travis, and investor Marc Andreessen.

Investments and Acquisitions

The 1789 team has led a $15 million seed round for Tucker Carlson's new media company and invested over $50 million in Elon Musk's companies xAI and SpaceX. They've also backed a beverage company founded by right-wing YouTubers the Nelk Boys and the prediction site Polymarket.

The firm is reportedly looking to acquire companies, anticipating that President Trump will relax financial regulatory rules. 1789 has raised $500 million since Inauguration Day and aims to raise at least $1 billion for its first fund by mid-year, primarily from endowments and pensions in Republican states.

Trump Jr.'s Other Ventures

Trump Jr. is on the board of three publicly traded companies, including a drone manufacturer, a conservative marketplace, and a fintech. He's also an adviser to the firearm retailer GrabAGun and the prediction market company Kalshi. Additionally, he's an investor in the biotech company Dominari Holdings and the sole trustee of Trump Media & Technology Group, the parent company of Truth Social.