Donald Trump Jr. has been boosting MAGA-related startups

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 media, pharmaceutical, guns, and crypto while pushing against environmental, social, and governance (ESG) and diversity, equity, and inclusion (DEI), the Financial Times reported. The VC firm was co-founded by Trump donor Omeed Malik (who is also a backer of Substack) and has support from Rebekah Mercer, a backer of the conservative news site Breitbart. Conservative influencer Charlie Kirk, right-wing radio personality Clay Travis, and investor Marc Andreessen were also early backers of 1789, according to Bloomberg. The 1789 team, situated less than two miles from Mar-a-Lago, is immersed in Trump world. So far, the firm led the $15 million seed round for Tucker Carlson’s new media company; has poured more than $50 million into Elon Musk’s companies xAI and SpaceX; invested in a beverage company founded ... Read full article.