Venture Capital Firms

This document profiles major venture capital firms with key roles in the development of the Network State, the venture capital military, its intelligence apparatus, and the crypto financial system. These firms are behind growing extremism in the tech industry, and are engaged in significant political engineering globally. This research covers venture firms collaborating in the genocide of Palestinians by Israel, and firms compromising the American government and democracy.

As you will see, these firms act in a coordinated way, and constantly collaborate on the same goals and mission, sharing funding, startups, technological development and partnerships. Ultimately, they are all part of the same financial mechanism, acting as a cartel. These firms form the financial backbone of developing tech fascism.

Andreessen Horowitz

Andreessen Horowitz (abbreviated a16z) is one of the most powerful venture capital firms. It has invested in over 1,000 companies, and has $46 billion in assets under management, growing significantly in recent years. In 2024, Andreessen Horowitz raised more money than any other venture capital firm. According to Pitchbook:

"In 2024, 30 firms raised 75% of all capital raised by VC funds in the US, a powerful signal of how the tech pullback is concentrating influence among the venture industry’s heavyweights. Just nine of them took in $35 billion — half of the total raised, according to PitchBook data. And just one firm, Andreessen Horowitz, brought in over 11% of all capital raised."

Founder Marc Andreessen is a prominent ideologue in the tech industry. He has a vision of significantly larger venture firms, providing massive funding to larger and larger scale projects:

"what if you just had more zeros on the amount of money? What if instead of funding companies for $20 million, you could fund them for $2 billion, or $20 billion? In other words, maybe they would operate on the timeframe of today's companies, on a five or 10 year timeframe, but you can fund them with 20 billion of venture financing, instead of $20 million. I think that's a more interesting question. It's possible that there are pretty big fundamental things that could be built with larger amounts of money in this kind of entrepreneurial model. Every once in a while you do see these giants. Tesla and SpaceX are two obvious examples of these world changing things that just took a lot of money and then had a really big impact. So maybe there's something there, and maybe that's something that the venture ecosystem should experiment with in the years ahead."

Andreessen Horowitz is funded by Saudi Arabia's Public Investment Fund (PIF) through its venture arm Sanabil Investments. Marc Andreessen was appointed to the advisory board of Saudi Arabia's mega-city project, NEOM, in 2018. In 2024, Andreessen Horowitz entered discussions with PIF on a $40 billion artificial intelligence fund. Andreessen Horowitz also receives money from Israel's Vintage Investment Partners. Andreessen Horowitz is a major funder of Israeli startups and is currently recruiting "elite IDF alumni" as startup founders.

Andreessen Horowitz was founded in 2009. Much of its early funding went to social, web and mobile applications, becoming a major investor in Facebook, Instagram, Oculus, Pinterest, Slack and Skype. It was a key architect of the gig economy model, funding Lyft and Instacart. Andreessen Horowitz was a lead investor in GitHub, a startup that collected massive amounts of code written by computer programmers; GitHub sold to Microsoft for a whopping $7.5 billion in 2018 and became the basis for the coding automation product GitHub Copilot. Andreessen Horowitz is also an investor in Stack Overflow, a message board for programmers to collaborate on technical problems; Stack Overflow is now also the basis of AI tools and has a deal with OpenAI, stating in the announcement "Stack Overflow is the world’s largest developer community, with more than 59 million questions and answers."

Coding automation, built using the work of industry programmers and particularly open source code, now results in worker instability among technical workers. The Washington Post reported in Q1 2025 that "More than a quarter of all computer programming jobs have vanished in the past two years, the worst downturn that industry has ever seen. Things are sufficiently abysmal that computer programming ranks among 10 hardest-hit occupations of 420-plus jobs for which we have data from the Bureau of Labor Statistics. Learning to code was supposed to save millions of would-have-been liberal arts majors. But today there are fewer programmers in the United States than at any point since 1980."

Andreessen Horowitz is also a lead investor in Airbnb, which has led to significant community destruction, gentrification and wealth inequality around the world. Airbnb operates on stolen Palestinian land amidst the genocide, with an early 2025 Guardian investigation revealing “there are 321 Airbnbs on Israeli settlements in the West Bank. In fact a third of all Airbnbs in the West Bank are in settlements… By operating in settlements, multinational companies including Booking.com and Airbnb are violating international law, human rights activists warn. Booking.com and Airbnb are among 16 non-Israeli companies identified by the UN as having ties to Israeli settlements in the West Bank. ‘Any company doing business in Israel’s illegal settlements is enabling a war crime and helping to prop up Israel’s system of apartheid,’ Kristyan Benedict, Amnesty International UK’s crisis response manager, said in response to the Guardian’s finding.”

Andreessen Horowitz is one of the biggest investors in cryptocurrency, backing companies including Coinbase, Anchorage Digital, OpenSea, Phantom, Solana and Uniswap. They are major players in weapons and defense startups, including Anduril, Skydio, SpaceX, Hadrian, Flock Safety, Shield AI and others. Andreessen Horowitz shares many investments with Y Combinator and Founders Fund. Here is a link to Andreessen Horowitz's full portfolio.

Andreessen Horowitz funded Anduril for the first time in September 2019, as the #NoTechForICE movement, coordinated by Mijente, was at its height. The movement sought to end collaboration of the tech industry with ICE and had significant activation in the student body and among tech workers. Anduril was, and remains, an active collaborator in the abuses of ICE, at the US/Mexico border, and the deportation machine, and was specifically implicated in the #NoTechforICE movement. Andreessen Horowitz funding Anduril as protest spread was a direct affront to social movements and resistance, as well as students across the country.

The Washington Post has since reported on group chats sent by Marc Andreessen in May 2025:

"Influential tech investor and Trump adviser Marc Andreessen recently said universities will 'pay the price' for promoting diversity and allegedly discriminating against supporters of President Donald Trump, according to messages he sent to a group chat with White House officials and technology leaders reviewed by The Washington Post...

'The combination of DEI and immigration is politically lethal,' Andreessen wrote. 'When these two forms of discrimination combine, as they have for the last 60 years and on hyperdrive for the last decade, they systematically cut most of the children of the Trump voter base out of any realistic prospect of access to higher education and corporate America...'

'They declared war on 70% of the country and now they’re going to pay the price,' Andreessen alleged of universities... Andreessen has previously criticized DEI, affirmative action, federal agencies and universities, alleging colleges radicalized young tech workers and were 'unfixable,' including on his firm’s podcast and in podcast interviews after the election."

A16z is an investor in California Forever, the Network State site in Solano Country, California. Balaji Srinivasan, author of the Network State, was an Andreessen Horowitz partner for many years, and formerly CTO of Coinbase. Marc Andreessen married into a large real estate dynasty spanning the Bay Area, which converted massive amounts of farmland into commercial space during the rise of the tech industry.

Andreessen Horowitz has been involved in major controversies, including Marc Andreessen's 2016 remarks that "Anti-colonialism has been economically catastrophic for the Indian people for decades". The firm endorsed Donald Trump in 2024 to significant backlash. In 2025, they hired Daniel Penny, who killed a mentally ill Black man, to serve as a partner in their American Dynamism practice.

Marc Andreessen served on a secret advisory board for CIA head Mike Pompeo during Trump's first administration. Pompeo was director of the CIA from January 2017 thru April 2018 under Trump, and went on to become Secretary of State from April 2018 thru January 2021. Reported by Politico: "Mike Pompeo put together an undisclosed board of outside advisers while he was director of CIA that some at the agency viewed as inappropriately weighted toward wealthy individuals and well-connected political figures, according to four current and former officials. The advisers were often treated to elaborate multiday experiences that included 'lavish' dinners, classified briefings, and at least one trip to the CIA’s secret training facilities, the sources said... The CIA declined to divulge the list of names on Pompeo’s board, but the former officials said they included billionaire entrepreneur Marc Andreessen". These revelations led to inquiry by the House Oversight Committee's national security subpanel. A State Department spokesperson stated at the time "while Secretary Pompeo was Director of the CIA, he followed all agency protocols related to the External Advisory Board. Far from being lavish events, meetings were grueling and focused on critical challenges for the Agency and held in the director’s conference room".


Andreessen Horowitz has heavily co-invested with CIA's venture capital arm, In-Q-Tel; these include weapons company Anduril, nuclear reactor company Radiant, and Starcloud, a project to put data centers in space, among many others.

When Mike Pompeo became Secretary of State under Trump, he participated in a January 2020 San Francisco meeting with top tech leaders including Marc Andreessen, Larry Ellison of Oracle, and the CEO of Silicon Valley Bank; Bloomberg reported "The hope is to drum up support for the Trump administration in Silicon Valley amid the ongoing conflict with Iran, according to one of the people, all of whom asked not to be identified discussing private information."

A16z played a key role in the 2024 Presidential election. Andreessen Horowitz helped finance the purchase of X with Elon Musk, and sent a key employee, Sriram Krishnan, to aid with the transition; Krishnan is now Trump's senior policy advisor for AI. A16z and partners donated to and endorsed Trump, orchestrated the crypto super PACs, and launched the American Dynamism campaign, which proposes handing over the country to venture capitalists to speed technological innovation and secure global dominance. More information on American Dynamism can be found on this site. The first employee of a16z, Scott Kupor, is now director of the U.S. Office of Personnel Management under Trump; he has stated the US government will eliminate up to 300,000 workers in 2025.

Andreessen Horowitz is a power player in tech fascism, and has been behind every aspect of the agenda, from the Network State to the gig economy to the crypto financial system, weapons startups and the genocide of Palestine. The research on this site suggests that Andreessen Horowitz may be the largest single force behind the rise of tech fascism.

Founders Fund

Founders Fund is a venture capital firm started by Peter Thiel, Ken Howery, Keith Rabois and Luke Nosek. Ken Howery is now ambassador to Denmark under President Trump, and part of Network State-related efforts to purchase Greenland for venture capitalists. About 20% of capital invested by Founders Fund comes from its own partners, already very wealthy, which means much of the returns stay within the organization and its players.

Founders Fund has over $17 billion in assets under management (AUM). Most recently, it raised $4.6 billion in the first half of 2025, the largest amount raised by any VC firm in the cycle. Founders Fund has funding from Saudi Arabia's Public Investment Fund through its venture arm, Sanabil Investments. In June 2025, Founders Fund contributed $1 billion to a funding round for weapons company Anduril.

Founders Fund has a manifesto posted on their website with their market analysis, arguing that venture capital must move away from the consumer, mobile and social web and towards hardware, space development, genetics, energy, weapons and defense. Like other top VC firms, Founders Fund acknowledges how changes in venture capital are being driven by financial crisis across much of venture capital as an asset class. Quoted at length for illustrative value, the manifesto states:

"VC has ceased to be the funder of the future, and instead has become a funder of features, widgets, irrelevances. In large part, it also ceased making money, as the bottom half of venture produced flat to negative return for the past decade..."

On space and transportation:

"We have not been back to the moon since 1972 and with the final Shuttle flight in 2011, the US will be without the ability to send a person into orbit for the first time since it began its manned space program... SpaceX appears to be on track to reduce costs by that order of magnitude, which would make it an enormously valuable company in its own right. If it succeeds, there should at last be plenty to do in space, from telecommunications to power generation to high-precision microgravity fabrication – if investors with cash are ready to fund that innovation...

... Cheaper, faster transportation has been a major lubricator of trade and wealth creation. For almost two centuries, technology has improved transportation relentlessly. Unfortunately, over the past thirty years, there have been no radical advances in transportation technology....”

On biotech and human medical testing:

"... there are presently three major and related obstacles facing biotechnology (or biotechnology investment at any rate): lack of data, capital intensity, and a medieval approach to therapeutic discovery. The first major problem is that genetic sequencing, which provides us with the body of knowledge we require to create genomic therapies, is extremely slow, expensive, and inaccurate. Present methods of sequencing (which use fluorescence) can only sequence about 95% of larger genomes, take forever to do so, and cost a fortune. The second problem is capital intensity: it simply takes far too much time and money before a company has any real indication that a drug might work with animal/human trials fantastically expensive despite the help of computer modeling. The final problem is an extremely slow drug discovery process: fundamentally, discovery still proceeds by enlightened guesswork, rather than as a disciplined process – and there is no good way for investigators to share data. Biotechnology companies that can overcome these stumbling blocks will create enormous value for their investors and society..."


On artificial intelligence and AGI:

"True general artificial intelligence represents the highest form of computing. Whether and when a general artificial intelligence arrives is less critical for the near future than whether we are able to create machines that can replicate components of human intelligence -- as we are now doing reasonably well with voice recognition and hopefully will be able to do with visual pattern recognition. At a higher level, machine learning also represents another compelling opportunity, with the potential to create everything from more intelligent game AIs to Watson. While we have the computational power to support many versions of AI, the field remains relatively poorly funded, a surprising result given that the development of powerful AIs (even if they aren’t general AIs) would probably be one of the most important and lucrative technological advances in history."

On energy:

"... A lot of money has poured into clean technologies. Investments that have focused on efficiency improvements have done well as a financial matter, but investments in alternative technologies for actually generating energy have not produced particularly good returns...

What we need are companies developing sources of energy that are as good as, or better than, conventional sources at lower prices and at scale. Unfortunately, relatively few companies research such sources, preferring instead incremental improvements on long-established alternative technologies (wind, solar) whose physical limitations mean they cannot satisfy these requirements. But there is no reason to believe that we can’t invent an alternative to alternatives... "

Finally, the investment thesis:

"So we need to invest in at least some ambitious companies – but how many? Our answer is that substantially all of the capital in our portfolio should be directed to companies with audacious vision seeking enormous markets.... Investing in companies doing things that are breathtakingly new and ambitious is provocative. It is not what our industry is best at doing, at least, not in the past decade. And there is no way to assure a positive return – but at least it has a chance of working. Simply doing what everyone else does is not enough... We do believe that our method should outperform, and we also believe it’s the shortest route to social value."

The manifesto captures a fundamental shift happening in the dominant players in the industry: a move into major industrial projects, more expensive projects requiring greater up-front capital, projects that give venture capitalists increasing ownership and control of major infrastructure, and promise returns never seen by venture capital prior.


Founders Fund is a huge player in the defense and weapons space, funding Palantir, Anduril, SpaceX, Flock Safety, Varda Space Industries and others. They are also investors in the new venture capital financial system, funding Stripe, Affirm, Credit Karma, Polymarket and Paxos, as well as Nubank, a fintech company targeting Latin America. They invest in biotech startups, including Neuralink. Other notable investments include DeepMind, Oculus and OpenAI. More of their investments can be found on their portfolio page and on Crunchbase.

Oracle

Oracle is one of the first tech giants, founded in 1977 by Larry Ellison. Its first customer was CIA. Oracle builds databases for data storage, retrieval, and analytics, and constructs the data centers that run them. Oracle is one of the biggest computing infrastructure providers in the world. They are currently in the middle of a global scale up, targeting up to 2,000 or more new datacenters. Closely partnered with Nvidia, they are set to be the dominant infrastructure provider of the new generation of AI computing, with many of the other tech giants operating on Oracle.

Oracle is the architect of the "sovereign cloud" strategy, a centralized store of nation-state data, and has been working to implement it domestically with the Trump administration and its partner Palantir. Larry Ellison has been advocating for such a store since at least 2002, stating at the time:

"The single greatest step we Americans could take to make life tougher for terrorists would be to ensure that all the information in myriad government databases was copied into a single, comprehensive national security database. Today every federal intelligence and law enforcement agency, not to mention all manner of state and local bodies, maintains its own separate database on people suspected of being criminals or terrorists. A multitude of separate databases makes it very difficult for one agency to know about and apprehend someone wanted by another agency."

This decades-long vision is now coming to life, and Oracle is partnered with Palantir and Anduril to accomplish it. Oracle is a key player with OpenAI in the Stargate project; from Aritifical Intelligence News: "Together, OpenAI and Oracle are going to build new data centres in the US packed with enough hardware to consume 4.5 gigawatts of power. It’s hard to overstate what a staggering amount of energy that is—it’s the kind of power that could light up a major city. And all of it will be dedicated to one thing: powering the next generation of AI." OpenAI has signed a deal to pay Oracle $30 billion a year.

Like many of the large tech companies, Oracle also has a venture capital arm, investing in startups relevant to its mission, with Crunchbase listing 42 portfolio companies. They include Cohere, an enterprise AI company; Ampere Computing, a semiconductor startup; and ChestAi, "AI-based image analysis for chest diseases."

The healthcare market is a foundation of Oracle's strategy, focusing on data development and AI: "Connected technologies and unified data empower individuals and enable the health ecosystem to accelerate innovation and influence health outcomes. Oracle Health is building an open healthcare platform with intelligent tools for data-driven, human-centric healthcare experiences to connect consumers, healthcare providers, payers, and public health and life sciences organizations." It is partnered with major healthcare systems including the Mayo Clinic, Emirates Health Services, and Blue Shield of California.

Oracle is a Zionist company complicit in the genocide of Palestinians. BDS has reported on their complicity in the genocide: "The company knowingly provides Israel with technology, including artificial intelligence (AI) and cloud, that are deployed to facilitate grave human rights violations. Oracle’s partnerships with the Israeli military, its leadership’s ideological commitment to Zionism, and its role in maintaining Israel’s illegal occupation means the company is complicit in war crimes, crimes against humanity (including apartheid), as well as genocide."

Pronomos Capital

Pronomos Capital is a venture capital firm for funding and building Network States in locations around the world, especially the global south. It is founded by Patri Friedman, associated with the seasteading movement and funded by Marc Andreessen, Joe Lonsdale, Peter Thiel and Balaji Srinivasan, the latter from a16z and author of “The Network State”.

The agenda of building sovereign sites and cities has been in place for well over two decades; Pronomos venture capitalists and executives have been involved in prior sovereignty projects via the Seasteading Institute and the Startup Societies Foundation, among others. These massive projects evolve through multiple capital vehicles over time.

A key moment for this movement was the publication of the The Network State, by Balaji Srinivasan of Pronomos Capital and Andreessen Horowitz. The book describes the plot in detail: “Technology has enabled us to start new companies, new communities, and new currencies. But can we use it to start new cities, or even new countries? This book explains how to build the successor to the nation state, a concept we call the network state.” However, The Network State came out in 2022, three years after the founding of Pronomos Capital; the venture capital vehicle came first.

Pronomos has major projects and land developments underway in Honduras, Palau and the Philippines, Nigeria and other countries in Africa. There are currently seven colonial projects we know of from Pronomos, but Pronomos operates with a high degree of secrecy. They fund Próspera, the advanced Network State site in Honduras, and its recent expansion, Próspera Africa. Pronomos reflects a pattern of predatory business development deals, hostile legal maneuvering, displacement of local communities, and clandestine operations we see across the Network State.

In-Q-Tel: CIA’s Venture Capital Firm

In-Q-Tel is CIA's venture capital firm. It was founded in 1999, and has made over 800 investments, including investing in over 120 artificial intelligence startups. Its role is to "accelerate[] the introduction of groundbreaking technologies to enhance the national security and prosperity of America and its allies," by integrating commercial technologies into the intelligence community and other parts of the government.

They have extensive partnerships throughout domestic and foreign governments, stating relationships with "CIA; DIA; FBI; NGA; NRO; NSA; DHS (including CBP and other DHS components); U.S. Cyber Command; the Office of Strategic Capital (OSC); and the U.K. and Australian national intelligence communities. We recently welcomed the Office of Naval Research (ONR), U.S. Central Command, and U.S. Space Force as new government partners and look forward to supporting their missions too."

In-Q-Tel plays a key role in implementing venture capital portfolio companies within the intelligence and war apparatus. According to the Silicon Valley Defense Group's 2025 report, In-Q-Tel is the top investor in defense startups. It was an early investor in Oracle, Palantir and Anduril. It is a frequent co-investor in startups with Andreessen Horowitz, Founders Fund, and other parts of the PayPal Mafia.

In July 2025, Fortune reported "Some of the companies the fund backs are publicly known, others are secret—as is the total amount of money In-Q-Tel has invested since it began. (Fortune’s estimate, informed by the last 25 years of In-Q-Tel’s tax disclosures, is at least $1.8 billion and likely more. But In-Q-tel itself, and sources close to it, declined to share or discuss any numbers.)"

In-Q-Tel has been a key force in AI-enabled autonomous weapons, defense companies and drone systems, including Skydio, Vatn Systems, Swoop Aero, Hermeus and Swarm Technologies. It has investments in space and energy plays, and has made a number of investments in big data and AI startups, such as MongoDB, Databricks and GitLab. While most of its companies are not household names, some more recognizable startups include General Matter, Peter Thiel's uranium enrichment company; and Radiant, a nuclear reactor startup from a16z.

In a 2013 tech conference, the CTO of CIA presented at a big data conference in New York. During the conference, he described the CIA's technology development goals, stating

"If you throw away, in our world, information because you didn’t think it had any value, or you chose not to bring in or collect any information because it didn’t match what you thought your needs were at that moment in time, you won’t have information to connect together as new information and new events emerge in the world. So our problem is, since you can’t connect dots you don’t have, it drives us into a mode of fundamentally trying to collect everything and hang on to it 'forever,' forever being in quotes of course... It is really very nearly in our grasp to be able to compute on all human-generated information."

This overarching mission has driven their investments and shows clear alignment with the visions of Oracle and Palantir.

Y Combinator

Y Combinator is a venture capital firm that invests in new startups, often when they are only 1-3 people and have not raised any capital. Y Combinator provides a round of seed funding and its 3-month accelerator, a program designed for startup development. According to 2025 reporting from CNBC, "The firm has funded more than 5,300 companies, which it says are worth more than $800 billion in total. Over a dozen of them are public, and more than 100 are valued at $1 billion or more. More than 15,000 companies apply to get into the accelerator, with about a 1% acceptance rate."

Prominent Y Combinator-funded startups include DoorDash, Coinbase, Twitch, Reddit, Flock Safety, Scale AI and Stripe. Y Combinator has moved aggressively into defense funding and funded its first weapons company in August 2024: Ares, developing "warship-sinking missiles smaller and cheaper than the ones produced by incumbent defense contractors like Lockheed Martin and Raytheon."

Accelerators like Y Combinator are able to gain a relatively large ownership share of startups at this phase. Y Combinator gets 7% of the company in exchange for half a million dollars, a large amount of equity and a very small amount of money in the tech world.

Y Combinator immerses new founders in a highly structured and managed program, giving Y Combinator massive control over the direction of the startup and its talent. The accelerator includes mentorship and office hours, an in-house social network, help with launches and early customers, a public demo day, perks and free infrastructure, "including hundreds of thousands of dollars of free hosting for each company provided by major cloud hosting companies." Y Combinator also helps founders find housing. Startups thus have similar cultures, execute on venture capital priorities, and stay within a limited, VC-defined network, leading to radicalization and extremism. The median age of YCombinator founders is currently 24, and many are as young as 18, often dropping out of college to join the YCombinator program.

Y Combinator runs an industry message board modeled on Reddit, called HackerNews. HackerNews is a highly ideological platform that has been associated with organized harassment, misogyny, racism, IQ supremacy, libertarianism and right-wing extremism for years.

Y Combinator was founded by Paul Graham. Sam Altman became CEO in 2014, and installed Peter Thiel as a part-time partner, stating 'On a personal note, Peter is one of the two people (along with PG) who has taught me the most about how to invest in startups. I am confident that Peter joining will be great for YC.' In 2023, Garry Tan became president of Y Combinator. He was an early employee of Palantir, and is involved in the Network State movement and political attacks on San Francisco, as documented by Phoenix Project:

"[Garry Tan] took to X/Twitter to suggest that seven members of the Board of Supervisors, including Connie Chan, Dean Preston, Hilary Ronen, Aaron Peskin, Myrna Melgar, Ahsha Safai and Shamann Walton, 'die slow, mo- therf%$#ers.' Those threats were repeated, in the form of postcards mailed directly to the homes of some supervisors, which could have been seen and read by their families and children. It stated: 'I wish a slow and painful death for you and your loved ones.'"

From additional coverage by Phoenix Project:

"Despite his protests to the contrary, Tan’s views are aligned with a gang of Silicon Valley executives called techno-fascists. [In 2024], Tan hosted a talk on tech and theology with Thiel, a man who’s called for tech elites to exit democracy and form their own sovereign states. At a recent conference, Tan said San Francisco is an ideal place for a Network State. 'Because if we can build here, we can take over the whole country – we're going to take over every nation in the world,' Tan said."

Garry Tan did an interview for the first Network State conference, discussing the takeover and replacement of the San Francisco political machine and institutions:

"We can't allow the political machine to just get the worst possible outcomes... You're absolutely right Balaji, we need our own parallel media, we need our own machine and it has to be built in the image of this growth mindset, and we need a lot more technology to do it. So what's next for San Francisco? We've stated the problem, we've outlined the political machine, and we've talked about how we've replaced some pieces of that political machine -- specifically we have a parallel media now, with Elon's Twitter or X. Getting a parallel media was a key piece and it wasn't done through voting, it was by building. Voting is important as it sets the laws and policies for society but on its own, it just replaces the elected officials. We need to replace the un-elected parts of the system as well. Building parallel education, non-profits, media, unions. And that's what the Network State conference is about. Each replacement doesn't have to be a one-to-one, but it probably should be internet-first, and stand-alone in terms of its business model, but also interlocking with the others. That's a possible recipe for reforming San Francisco and building the alternative tech political machine. And if it works in SF, it will work everywhere. And the cool thing about it, is this is just getting started."


Successful Y Combinator startups often go on to be funded by firms like Founders Fund, General Catalyst and Andreessen Horowitz, and Y Combinator can be seen as a pipeline into larger firms.

Sequoia

Sequoia is one of the earliest Silicon Valley venture capital firms, and was founded in 1972 during the rise of the semiconductor industry; it funded Oracle in 1983.

Sequoia has made major strategy changes in the web 3.0 technology cycle, funding its first defense startup ever, Mach Industries, in June 2023. Mach Industries is developing strike aircraft and munitions gliders:

"The era of unmanned war is here. The way we fight and manufacture will collapse on first contact. Weapons will sense and strike everywhere. Centralized assets and factories won’t survive, no matter how advanced... We invent the weapons that win future wars. Not by competing directly with ever more complicated enemy systems. But by building weapons that the other side cannot imagine. Mach is a lethal invention machine, unshackled from conventional priors and working with wartime urgency."

Like all of the venture capital defense startups, it is predicated on conflict with China.

Since Mach Industries, Sequoia has invested in other defense and weapons startups. Also in 2023, Sequoia invested in Nominal, accelerating hardware testing for defense platforms. Sequoia invested in Kela, a "modern defense prime for Israel and Western allies," founded by "four veterans of elite intelligence units, including the former General Manager of Palantir Israel." Sequoia is also an investor in drone manufacturer Neros.

Sequoia has funded over 1600 companies, including Apple, Nvidia, Instagram, SpaceX, PayPal, Whatsapp, AirBnB, Apollo, Doordash, Dropbox, EA, Google, Mercury, Neuralink, OpenAI, Oracle, Robinhood, YouTube, xAI, and many others. It has co-invested many times with Andreessen Horowitz, Founders Fund, and other PayPal Mafia investment firms.

Sequoia's shift into weapons and defense production is a profound development in the field. In 2019, Sequoia hired Shaun Maguire, who had worked for DARPA in Afghanistan, and at Expanse, an enterprise security company funded by Founders Fund and Peter Thiel. Shaun has managed investments in Elon Musk's companies and has emerged as one of the most vocally extremist voices in venture capital. In July 2025, over 1000 members of the tech community signed an open letter to Sequoia, stating:

"We, the undersigned global founders from across the tech industry, are writing to demand immediate and decisive action in response to the unacceptable conduct of your partner, Shaun Maguire. His recent post on X on July 4, 2025, along with a documented pattern of anti-Muslim rhetoric over the past two years, has caused significant harm to the global tech community... On July 4, Maguire posted on X: 'Mamdani comes from a culture that lies about everything. It’s literally a virtue to lie if it advances his Islamist agenda. The West will learn this lesson the hard way'.

This was not a misstep. It was a deliberate, inflammatory attack that promotes dangerous anti-Muslim stereotypes and stokes division. That it has since been viewed over 4 million times only underscores the scale of harm. More importantly, it reflects a sustained pattern of public behavior that shows clear contempt for the principles of inclusion, equity and respect."

The project has updated: "Over 1,000 founders and supporters from across the global tech ecosystem have signed the letter, including many backed by the world's best investors. The letter was covered by every major U.S. publication, and shared directly with Sequoia’s leadership. Despite the scale of this response and repeated outreach from journalists, Sequoia has chosen not to respond, neither to us nor to the press. Their silence speaks for itself."

The extremist beliefs seen within Andreessen Horowitz and Founders Fund are spreading across the industry, in this case by someone closely associated with Founders Fund and Peter Thiel.

Michael Moritz worked at Sequoia for almost 40 years, and hired Shaun Maguire. He has been called “one of San Francisco’s most significant political players”. He is an investor in the Network State project of California Forever in Solano County, California. He funds the SF Standard, a Bay Area publication. The SF Standard has hired multiple reporters who had previously published critical articles about the Network State and the venture capitalists involved in it.

Moritz also funded TogetherSF, a elite-backed political group; according to Mission Local, “TogetherSF essentially folded after Nov. 5, 2024: It spent $9.5 million on a ballot measure to drastically reform city government, but was trounced by a rival progressive campaign with just $117,000 in the bank. It savaged its No. 2 endorsed mayoral candidate, Daniel Lurie, to boost its No. 1 candidate, Mark Farrell — and Farrell came in fourth. Lurie did better: He is now mayor. Soon after, in early January [2025], its leaders announced it was ‘merging’ with an allied group, Neighbors for a Better San Francisco. Blueprint is now being billed as TogetherSF’s ‘evolution’ and a ‘project’ of Neighbors.” More information about San Francisco’s tech-backed astroturf network is extensively documented by the Phoenix Project.

General Catalyst

General Catalyst was founded in 2000 and has more than $36 billion in assets under management. It has heavily co-invested with Andreessen Horowitz and Peter Thiel/PayPal Mafia VC firms over the years. These include investments in the consumer and AI space, such as AirBnB, Mistrel AI, Instacart, Luma AI, Substack and Anthropic, among others.

In October 2024, General Catalyst announced they had raised a fresh $8 billion in capital. That year, General Catalyst raised the most capital after Andreessen Horowitz, part of ongoing concentration and monopolization in the field, and the formation of VC cartels. According to reports, General Catalyst is considering an IPO.

General Catalyst has been aggressively investing in weapons and defense startups, becoming one of the biggest players in this space. Its investments have included Anduril, Applied Intuition, Helsing, Saronic, and Vannevar. Katherine Boyle, now a venture capitalist at Andreessen Horowitz, was previously at General Catalyst, where she helped develop the weapons programming; General Catalyst also follows the ideology of the American Dynamism thesis, stating in a document called "Building Globally Resilient Systems for a New World Order":

"One renewed area of focus for General Catalyst is modern defense and intelligence where there is an urgent (long overdue) need, proven innovation playbooks and the opportunity to create enduring global defense and intelligence companies with responsible innovation at their core – in the service of deterring aggression and promoting freer, more democratic societies everywhere...

Over the years, we have spent time with some of the most elite men and women serving in the US military, special operations and intelligence communities and when you have the opportunity to understand the level of commitment to their mission, their sacrifice and the challenges they are facing, it becomes clear that we must do more for them from a technology and capability standpoint... Investing in modern defense and intelligence is urgently needed, and long overdue... As we see it, modern conflict takes place not just on the physical battlefield but across multiple domains. This new global battlefield extends to cyber and information security, economic warfare, industrial manufacturing and energy, politics and culture, and outer space. 

We believe there is a need for new, multifaceted technologies for integrated deterrence, the ability to defend against attacks across multiple-domains, all of which will require the most advanced software and hardware-enabled innovation. Having the most advanced capabilities in irregular warfare (the ability to win over and influence populations) will be key... We believe the new businesses that are created in response to solving global resilience –if done right– will have a tremendous positive impact on society and could generate even larger returns than what we’ve seen in the previous decades of venture capital."

It is important to highlight the part about "having the most advanced capabilities in irregular warfare (the ability to win over and influence populations)."

General Catalyst is increasingly involved in politics, opening a new institute in Washington D.C. in 2024. Politico profiled it in March 2025, stating "the firm launched the General Catalyst Institute to work more closely with governments worldwide, an unusual move for a venture capital firm. It was forged under the assumption that instability — of markets, supply chains, health care, education, public safety, wealth creation — is the new norm. The firm believes technology can stabilize this wobbly table if only the government would remove the barriers to getting the shim under the faulty leg."

Mithril

Mithril is a venture capital firm founded by Peter Thiel. It is an investor in Palantir. Mithril marketing copy states that: "Among their many remarkable achievements, Mithril family companies have

  • pioneered compact, pulsed non-ignition fusion systems,

  • reshaped the future of robotic surgery,

  • reimagined power-efficient silicon for high-performance computing,

  • discovered breakthrough treatments aimed at eradicating diabetes,

  • redesigned the consumer internet around live, local, experiences,

  • revolutionized supply chains with embedded robotics and real-time AI,

  • spearheaded regulated infrastructure for decentralized finance, and

  • supercharged the human immune system with healing antibodies."

Jim O'Neill was a Mithril venture capitalist from 2012-2019, "co-founded" the Thiel Fellowship with Peter Thiel, and served on the board of the Seasteading Institute, part of the Network State. Jim O'Neill was appointed acting director of the CDC in August 2025, one of many venture capitalists from Andreessen Horowitz and the PayPal Mafia who have taken influential roles in the Trump administration. More information on O'Neill's history and financial entanglements can be found on Accountable.us.

Jim O'Neill was proposed for a top position in the FDA during Trump's first term, along with Balaji Srinivasan, a long term Andreessen Horowitz venture capitalist and former CTO of Coinbase. This shows an extensive history of efforts to compromise top medical bodies.

One of Mithril's investments is in Invivyd, which is developing an alternative to the COVID-19 vaccine. Via Seeking Alpha in August 2025:

"Shares of microcap biotech Invivyd jumped ~94% on [August 26] to reach the highest level in more than five months, a rally not seen since early this year as the company’s experimental COVID-19 therapy drew renewed investor interest. The upsurge came after The Daily Beast reported on Monday that the Trump administration is planning to withdraw messenger RNA-based COVID-19 vaccines from the U.S. market within the coming months.

Earlier this month, Waltham, Massachusetts-headquartered Invivyd announced that it has aligned with the U.S. FDA on an expedited pathway that could allow it to receive full approval for its COVID-19 vaccine alternative VYD2311 in the U.S..."

Mithril has many other biotech investments. They include an investment in medical robotics, including Israel-based ForSight Robotics for robotic surgery; Neocis, for dental surgery; and Auris Health, for medical robotics focused on lung cancer. More biotech startups include Fractal Health, focused on obesity and type 2 diabetes, and Genetesis, a medical imaging company for the heart.

Mithril is also an investor in Oma Fertility, a fertility clinic claiming "revolutionary IVF technology powered by AI."

Mithril is a significant player in the new venture capital financial system. It is a major backer of Paxos, which provides blockchain infrastructure to major financial companies including PayPal, Mercado Libre, Venmo, Mastercard and Nubank. It provides US dollar-backed stablecoins including PYUSD, USDP, and USDL, as well as PAXG, which is backed by gold. It is the issuer of the Global Dollar USDG stablecoin, and behind the Global Dollar Network, a consortium of venture capital-backed crypto companies. The Global Dollar Network has partners from a huge part of the crypto industry, including Robinhood, Kraken, Anchorage Digital, Bullish and Worldpay.

The CEO of Paxos states in a press release that “Stablecoins are replatforming the financial system and revolutionizing how people interact with US dollars and payments. However, the leading stablecoins are unregulated and retain all the reserve economics. Global Dollar Network will return virtually all rewards to participants and is open for anyone to join. It is designed to incentivize global stablecoin usage and accelerate societal wide adoption of this technology.”

Mithril has invested in other fintech and parallel economy startups, including C2FO ("providing fast & flexible access to low-cost capital to nearly 2 million businesses"), Treasure Financial ("a cash management platform to help businesses transform idle cash into safe, predictable revenue") and Juno (a "cross-border neo-banking platform") based in Singapore.

Other investments include Helion Energy, a fusion power plant startup; BlackSky Technology, a satellite imagery startup; and NUVIA, a semiconductor design company acquired by Qualcomm.

Mithril reflects the same investment thesis we see across other venture capital firms associated with Peter Thiel and the PayPal Mafia: investments in biotech, energy, robotics, defense and crypto.

Narya

Narya is an Ohio-based early-stage venture capital firm founded in 2019 by JD Vance and funded by Marc Andreessen, Peter Thiel and Eric Schmidt. It initially raised $93 million. JD Vance had previously worked for Peter Thiel's venture capital firm Mithril Capital.

The firm has invested in agricultural, biotech and media companies. Investments include Kriya Therapeutics, a gene therapy startup; Chapter, a Medicare advisory platform; and Amplify Bio, a gene and cell therapy startup that shuttered in April 2025. It also invested in Rumble, the right-wing parallel media outlet also backed by Peter Thiel, and Hallow, a Catholic prayer and meditation app.

It is an investor in True Anomaly, a defense company that creates low-earth orbit satellites and software for "every aspect of space domain awareness and security" with use cases including "Battle management: Maintain the information advantage with a complete picture of the operating environment from every angle."

Narya is an investor in AcreTrader, an investment platform for farmland. According to Civil Eats:

"AcreTrader is part of a larger trend of the financialization of farmland. The last two decades have witnessed a sharp uptick in investor interest in farmland as investors seeking to hedge against inflation and stock market volatility have turned to it as a reliable bet. Between 2008 and 2023, the amount of farmland purchased by investors increased by a staggering 231 percent... This investor-driven farmland 'gold rush' has come with many unintended consequences for agriculture and farmers. It has led to the consolidation of farmland in regions with high-value land, while pricing out the farmers unable to compete with major investors for farmland. This has led land-strapped farmers to either drop out of farming or become tenant farmers, operating farms on rented land."

Another investment in the same category is AppHarvest, an indoor agriculture startup that went bankrupt amid high turnover as "Workers at AppHarvest’s greenhouses reported challenging working conditions, including extreme heat, poor ventilation, and a lack of safety protocols."

Narya provided seed and series B funding for Strive Asset Management, co-founded by Vivek Ramaswamy, which is now a "Bitcoin treasury" company; via CryptoSlate, this "involves offering company equity in exchange for Bitcoin, which is structured to avoid triggering a taxable event for BTC holders. Strive also aims to acquire undervalued or overcapitalized companies to access cash at a discount. By leveraging its internal capabilities in fixed income and derivatives, the firm expects to strengthen its balance sheet and expand its ability to acquire Bitcoin. Through this approach, Strive targets up to $1 billion in capital via equity and debt offerings to accelerate its accumulation strategy."

Sanabil Investments - Saudi Arabia’s Public Investment Fund

Sanabil Investments is the venture arm of Saudi Arabia's Public Investment Fund (PIF), a sovereign wealth fund run by Prince Mohammed bin Salman (MBS), responsible for the murder of journalist Jamal Khashoggi.

The PIF has nearly one trillion dollars of assets under management. Sanabil invests in venture capital firms as a "fund of funds". Sanabil invests $3 billion per year.

They have invested in Andreessen Horowitz, Founders Fund, Iconiq, TechStars, Tiger Global, General Atlantic, 500 (founded by PayPal Mafia members), Blackstone, Insight Venture Partners, Craft Ventures, 1984 VC, Innovation Endeavors, Blockchain Capital and others.

Vintage Investment Partners

Vintage Investment Partners is an Israeli investment firm founded in 2003. It has $4 billion in assets and invests in venture capital firms as a "fund of funds".

Vintage Investment Partners has invested in Andreessen Horowitz, Battery, Bessemer, Craft Ventures, General Catalyst, Kleiner Perkins, Spark Capital, DCVC and other top VC firms.

Its team includes officers from the IDF Intelligence Corps, IDF Intelligence Unit 8200, the IDF's Cyber and Technology units, the IDF's Cyber Defense Center and the IDF's BHD10.

In 2025, Vintage Investment Partners opened an office in London.

Lightspeed

Lightspeed was founded in 2000 and has offices in San Francisco, Menlo Park and New York in the United States. Globally, they hold offices in Singapore, and Bengaluru, Delhi and Mumbai in India. European offices are in London and Berlin.

Lightspeed also has offices in Tel Aviv, Israel, which opened in 2006, with Lightspeed marketing materials stating: "The Lightspeed team has invested in Israeli companies for over twenty years, with exits such as SolarEdge, XtremeIO, Provigent, Fireglass, Terayon, Galileo and others. We strongly believe in the innovation and technology excellence that characterizes Israeli entrepreneurs and their ability to create world-class companies." They are also an investor in Israeli cybersecurity company Wiz.

Like other venture capital firms, Lightspeed has been evolving for a new stage of venture capital wealth and power; Bloomberg reporting in May 2025:

"Lightspeed Venture Partners, one of Silicon Valley’s largest venture capital firms, has changed its regulatory status to broaden its range of investments — following similar moves by Sequoia Capital, Andreessen Horowitz and General Catalyst as they shift away from the traditional VC playbook.

Lightspeed, which manages $31 billion in assets, has completed the process of becoming a registered investment advisor (RIA), according to a US Securities and Exchange Commission filing. The move is the culmination of a lengthy regulatory process and gives the firm freedom to invest more capital into assets beyond direct startup equity. It’s also a signal that most of the country’s biggest VCs now have ambitions to expand beyond only investing in startups... Lightspeed is one of the last major venture firms to change its regulatory status, as VCs seek to invest in a wider array of assets, including public and secondary shares, as well as cryptocurrencies. Without the RIA designation, VC firms may only allocate up to 20% of their capital to holdings outside traditional startup equity."

This expansion into new assets is a major change in how venture capital operates.

In 2025, Newcomer reported "Altogether, Lightspeed has returned $8 billion from current and active funds in the past five years, with more than $3 billion of that coming last year, sources tell me. Now the firm is in the process of raising $7 billion for a suite of new funds." In January 2025, Lightspeed invested $2 billion in AI firm Anthropic.

Lightspeed has invested in over 500 startups. Lightspeed is a significant investor in weapons company Anduril. Other defense investments include Helsing (AI strike drones, underwater swarms, mass defense manufacturing), Saronic (autonomous surface vessels), and Castelion ("Affordable Hypersonic Weapons, Built Fast").

Lightspeed has invested heavily in artificial intelligence, funding Mistral AI, Databricks, People.ai, xAI, and many others. It is an investor in Neuralink. Its significant biotech footprint includes Assort Health ("voice AI agents designed for healthcare call centers"), Tennr ("an automation platform for medical documents"), Antares Therapeutics ("developing transformational medicines targeting validated cancer and other serious diseases") and Alpha-9 Oncology (radiopharmaceutical company focused on cancer).

Lightspeed has been a significant funder behind the venture capital and crypto financial system; this includes Affirm, Stripe, Alloy, Chaos Labs, Ripple, Solana, and Yuga Labs.

Household-name companies that Lightspeed has invested in include Jessica Alba's The Honest Company, Lady Gaga's Haus Laboratories, Goop, Pebble, Epic Games, Snap, Calm, GrubHub, Nest, Telegram, TaskRabbit and Thinking Machines. More information on their portfolio can be found on Crunchbase or on the Lightspeed marketing site.

Ribbit Capital

Ribbit Capital is a crypto-focused firm operating out of San Francisco. They state "It takes money to change money." They have invested in some of the most well-known names in crypto, including Coinbase, Ethereum, Lightspark, Nubank, Robinhood, Brex, Plaid, Solana, Stripe, Uniswap, Cross River Bank, FTX, Affirm and Forma. In July 2025, Ribbit Capital filed to raise $300 million in additional funding; it currently has about $12 billion in assets under management.

Ribbit has invested in multiple Israeli crypto startups, including Blockaid, an on-chain security company for blockchain-based applications, and Redefine Technologies, a crypto risk-management platform. Additionally, there is Fireblocks, to "replatform the financial system to digital assets... As the transformation to digital assets occurs, the Fireblocks Network provides easy and secure access to 100% of the crypto-lending market and ~90% of crypto liquidity venues, hedge funds, and prop traders for FIs [financial institutions] entering the space." Fireblock's CEO was in Israeli intelligence cybersecurity Unit 8200. All three co-founders are from Israeli intelligence. In 2022, Fireblocks announced its participation in "a Proof of Concept (PoC) for the issuance and clearing of digital bonds by the State of Israel. Utilizing smart contracts and tokenization technology, this first-of-its-kind digital bond will be issued through the Israel Ministry of Finance and Tel Aviv Stock Exchange (TASE)." Other Israeli firms funded by Ribbit include Balance for business-to-business commerce and NEXT insurance for small business. These investments show serious involvement by Israel and Israeli intelligence in the crypto space, funded by Silicon Valley venture capital.

In September 2025, Ribbit Capital made an additional investment in Lead Bank alongside Andreessen Horowitz; Lead Bank provides banking services to fintech companies, advertising itself as "a leading business banking, personal banking, and Banking-as-a-Service (BaaS) partner for builders and innovators." The formation of banks like Nubank, Cross River Bank, and Lead Bank -- all backed by the same small group of venture capitalists -- indicates that crypto is a fully-featured financial system.

Paradigm

Paradigm invests in crypto companies. In 2022, it funded the Network State site of Praxis, which stated in a press release announcing the funding:

"Today, new technology is giving us the opportunity to build better cities founded on shared values and community. In the 20th Century, cities were organized around labor markets. Now, we can work from our computers anywhere we’d like. With this new freedom, we can leave work-centric cities and live with people who share our values. Praxis is leading this movement by building a new city organized around the value of vitality, a principle that unifies across culture, time, and space, to enable people to live healthier, more purposeful lives. Praxis is leading this movement by building a new city organized around the value of vitality, a principle that unifies across culture, time, and space, to enable people to live healthier, more purposeful lives.

In pursuit of our community’s new home, we are actively engaging with landowners and governments, designing economic and political systems, architecting buildings and infrastructure, and bringing together the people who will inhabit them."

More information about Praxis can found on this site.

Paradigm co-founder Fred Ehrsam was the co-founder of Coinbase, highlighting how venture capital constantly generates new financial vehicles out of the same small conspiracy; despite seeming like a number of firms, the same capital network is behind it. Matt Huang, the other Paradigm co-founder, was a partner at Sequoia Capital where he led crypto investments, and was previously the founder of a startup funded by Y Combinator and purchased by Twitter.

Paradigm lists over 80 portfolio companies on its website. They include Coinbase, Uniswap, Phantom, Open Sea, Moonpay, Farcaster and Friend.tech. Its portfolio includes gaming and NFT startups, such as AI Arena, which lets you train an AI to play video games; Fractal, a platform for blockchain-based games founded by Twitch co-founder Justin Kan; and Sky Mavis, which offers a blockchain for game developers. They are investors in Genesis Digital Assets, which claims to be "the most experienced Bitcoin miner in the world" and has 20 data centers, including multiple data centers in Texas, North and South Carolina and Sweden. Paradigm are investors in Rain, a crypto exchange for the Middle East, and Lightspark, a global payments network built on Bitcoin that powers digital banks and crypto exchanges.

Paradigm demonstrates how venture capitalists are able to invest across the entire market, investing in everything from infrastructure to applications, gaming to Bitcoin mining, and consumer to major financial institutions.

Shield Capital

Shield Capital is a small, young venture capital firm operating at the intersection of commercial and defense technologies. It was founded in 2021 and raised its first fund in late 2023, coming in at $186 million.

Its founders are ex-military and intelligence; Philip Bilden was a military intelligence officer from 1986-1996, where he attained the rank of Captain at Strategic Military Intelligence Detachments supporting the Defense Intelligence Agency. Founder Raj Shah was Director of the Pentagon's Defense Innovation Unit Experimental (DIUx), and reported to the Secretary of Defense, where he "led DIUx in its efforts to strengthen our Armed Forces through contractual and cultural bridges between Silicon Valley and the Pentagon."

A Shield Capital partner, Dan Caine, has an extensive military career including "serving as the Central Intelligence Agency’s Associate Director for Military Affairs (ADMA), the CIA Director’s principal advisor on military matters and the primary Liaison between the Agency and the Department of Defense." Dan Caine now serves as the Chairman of the Joint Chiefs of Staff under Trump.

Shield Capital has invested in a number of military and weapons startups, including HawkEye 360 ("Spectrum-Based RF Geoanalytics"), Apex ("fastest delivery of reliable spacecraft), Rebellion Defense ("We develop advanced software to outpace national security threats"), Vannevar Labs ("the defense prime for competition with China"), AirSpace Intelligence ("America needs logistics as formidable as its weaponry"), and Rangeview, a defense parts manufacturer.

8VC

8VC is part of a network of venture capital firms from PayPal Mafia members. 8VC is founded by Joe Lonsdale, a co-founder of Palantir and founder of the Cicero Institute, an anti-communist, right-wing policy think tank that targets homeless people, "wokeness", progressive university students, and aims to remove regulation on technology, shut down the Department of Education and expand private prisons.

8VC has over $6 billion in assets under management. In March 2025, they closed nearly $1 billion in funding.

They have invested in a number of weapons, drone and defense startups including Anduril, CX2, Cambium, Chaos, Epirus, Palantir and Saronic. They are also heavy investors in biotech, funding startups for development of anti-body therapeutics, phage cocktails, gene editing, oncology, mental health care, exome engineering and others.

DCVC


DCVC was founded in 2010, and has offices in Palo Alto and San Francisco. The "DC" stands for "Data Collective". It invests in what it terms "deep tech", backing "brilliant entre­pre­neurs who address the hardest, highest-stakes problems in the world." With a stronger focus on science than many firms, it covers space, agriculture, finance, energy and biotech; their investment thesis is "American industrial renaissance".

Genocide.VC has documented Zionist and pro-genocide views from co-founder Matt Ocko, who has stated that "the subhuman savagery, is intrinsic" to the Free Palestine movement, and said of the Palestinian people, "Not a lot of 'innocents' -- of the 2M routinely cited, a huge majority (anonymous polls, social media, comms, live interviews to overseas relatives) share 100% of the subhuman goals of Hamas/ISIS/'free Palestine'. When there's dissent, it's oft over not getting their share of UN $." He also stated "This is the truth of Israel -- all faiths and peoples fighting for a culture of light, life and contribution to the world against the savage inhuman 'Free Palestine' global death cult."

DCVC invests in Israeli tech firms, including cybersecurity firms PerimeterX (now Human Security), SentinelOne and StarkWare Industries, a blockchain cryptography company. It also invested in Quettra, offering "traffic analysis tools that helped mobile developers gather demographic and brand-affinity data about their users and their competitors."

One of its major portfolio companies, Databricks, has offices and a large operation in Israel, stating in May 2023:

"Databricks, the data and AI company, today announced the expansion of its business in Israel... Israel presents a strategic opportunity for Databricks, which is why the company recently opened a new office in Herzliya and hired a dedicated country manager... Databricks intends to invest further and expects to grow the headcount this year in Israel by 50% relative to the beginning of the fiscal year... Databricks works with leading digital native companies in Israel including OpenWeb, Nexar, Forter and Kaltura. Databricks customers in Israel are already seeing tremendous value in leveraging the lakehouse for data engineering, data science and ETL, and are increasingly investing in data analytics use cases."

Databricks is additionally funded by In-Q-Tel, CIA's VC firm, and Andreessen Horowitz.

In its 2025 "Deep Tech Opportunities" report, DCVC highlights ongoing consolidation in the VC space, stating:

"Even as the venture industry’s attention turns to deep tech, the absolute number of active venture firms is shrinking. In 2023, the number of firms that have raised funds within the last eight years went down for the first time since the financial crisis of 2008. At the same time, though, the average fund size hit its highest level since 2008—indicating that more LP dollars are going to fewer top-tier firms. This is concerning in that the firms with the deepest pockets are able to buy into hot companies at inflated deal valuations, and companies with unjustifiably high valuations will inevitably have a harder time raising follow-on rounds and exiting profitably. On the other hand, the fragility of some of these overpriced companies opens up a competitive niche for first-in-category companies commercializing break-through technologies with more reasonable valuations—which is where we prefer to play."

DCVC has a relatively modest market cap of $4 billion. Their comments address how smaller venture capitalists are still able to participate in a highly concentrated environment, noting that as larger companies like Andreessen Horowitz have moved into similar investment categories, "more dollars are available for co-investment in the most promising companies." Smaller firms are able to survive by aligning with big venture capital firms like a16z; this is one mechanism by which venture capital firms are increasingly operating as a cartel.

DCVC has a broad biotech practice, including drug development, cancer therapies, gene therapy, disease and cancer detection, and mental health, with a focus on transforming medicine through AI and machine learning -- "Thanks to AI, the cost of developing and testing new machines and procedures is going down drastically, and we think we’ll soon see unicorn and decacorn companies emerging."

Just as we see in venture capital across the board, DCVC is working to accelerate clinical trials, i.e. through their company Unlearn: "Design and run quick and confident clinical trials with AI-generated digital twins."

DCVC also advertises "Recursion Pharmaceuticals, a DCVC-backed company that went public in 2021, has advanced multiple drugs through early-stage clinical trials. The company trains AI models on lab data showing how genetic changes, toxins, and other insults affect cell morphology. It then runs those models on its BioHive-2 supercomputer, made up of a few thousand Nvidia GPUs, to predict how different drugs will affect the human body."

DCVC proposes new monetization frameworks for a new era of medicine:

"What kind of business model would make sense?... One is a subscription model where payers would pay a fixed annual fee to access a therapy for a defined patient population. Quantile Health, a new data-science company we admire, has introduced a Netflix-like reimbursement platform in which payers pay a fixed cost reflecting the underlying risk of their patient population, and manufacturers agree to provide access to treatments to anyone in these populations. Another model is amortization, which would allow payers to spread the costs of expensive medicines across many years."

DCVC has a significant weapons and defense practice. Its investments include Fortem Technologies, making counter-drone systems including the "DroneHunter interceptor", and Epirus, another counter-drone company. They additionally fund Capella Space, a satellite company for "high-resolution, 24⁄7 imagery of any location on the planet. Customers can task satellites on-demand and peer through clouds, rain, smoke, or darkness"; and Rocket Lab, "a full-service space company delivering launch services, spacecraft and satellite components, and on-orbit management."


DCVC has commented on how higher tariffs under the VC-supported Trump regime have boosted American venture capital, stating: "Increased tariffs benefit many of our portfolio companies, most directly by encouraging foreign direct investment in their U.S.-based factories (a phenomenon we saw during the first Trump administration), and by increasing demand for domestically sourced materials, products, and energy." Tariffs pave the way for DCVC and other venture capitalists to continue their expansion into manufacturing, biotech, space, weaponry and other cartel priorities.

Craft Ventures

Craft Ventures was founded by David Sacks, a member of the PayPal Mafia and co-host of the "All-In Podcast". Sacks now serves as Chair of the President's Council of Advisors on Science and Technology / "White House A.I. & Crypto Czar," under Donald Trump.

Craft Ventures investments include X, Uber, SpaceX, Anduril, AirBnB, Affirm, Meta, Neuralink and Palantir. In 2023, Craft raised $1.6 billion.

Lux Capital

Lux Capital is a small, Zionist venture capital firm -- a heavy investor in weapons and defense companies and numerous biotech companies. It has over $5 billion in assets under management. A smaller firm, it demonstrates how venture firms that are ideologically aligned with the main players are able to stay competitive in a rapidly consolidating environment. In April 2025, Lux Capital filed to raise a $200 million fund focused on defense tech.

Josh Wolfe, co-founder of Lux Capital, is a Zionist, an outspoken apologist of the genocide, and funds Israeli companies and startup founders; in a 2025 interview with Calcalist Tech, an Israeli tech news site, he said:

“The tools being developed [in Israel] are not only critical on a regional scale, but also relevant to conflicts involving Russia and Ukraine, China and Taiwan, and even countries in Africa. The world today is not a safe place, and brilliant people can help make it safer. This is a pivotal moment for Israel. U.S. venture capital firms are now competing to invest in Israeli defense tech... We’re open to establishing a permanent office [in Israel]... In the meantime, we’re visiting more frequently... We invested in these companies because they’re Israeli, not despite it... Some of our LPs have even asked to invest directly in Israeli defense tech alongside us. They see it not just as a financial opportunity, but as something meaningful, like investing in cancer research... In this field, it is better to work with the IDF or with the DDR&D (Directorate of Defence Research & Development). Only then, when you can see the change that the systems are causing on the battlefield, should you enter the global market. Despite the frequent and exaggerated use of disgusting descriptions of the IDF these days in the world, the whole world still wants Israeli technology."

Lux Capital was an early investor in Anduril and also funds Kela, an Israeli military startup, stating in a funding announcement:

"...Kela Technologies was founded in 2024 by Alon Dror and Hamutal Meridor, graduates of the Israeli Talpiot program and Unit 8200, respectively. As an elite commander in the Israeli army, Alon brings battlefield insights and leadership forged under pressure, while Hamutal’s experience running Palantir Israel’s business provides strategic vision and operational excellence. Their combined expertise reflects Israel’s unique innovation ecosystem, where survival has always fueled technological advancement–from the early days of radar and encrypted communications to the modern Iron Dome system. We’re proud to lead Kela’s Series A as they aspire to become Israel’s next great defense prime..."

Kela is also funded by Sequoia and In-Q-Tel, demonstrating again how multiple venture capital firms constantly work together to forward military, ideological and financial goals.

Eric Schmidt: White Stork, Schmidt Foundation, Innovation Endeavors and America's Frontier Fund

Eric Schmidt is a significant force in venture capital, operating through multiple funds and vehicles. Schmidt is a former CEO of Google and a key player in the militarization of the industry. He runs a family philanthropic fund, Schmidt Foundation, focusing on renewable energy, ocean preservation and other humanitarian causes. He also founded White Stork, an AI drone company.

Innovation Endeavors is Eric Schmidt's venture capital firm; he also founded America's Frontier Fund with Peter Thiel.

Innovation Endeavors has invested in over 150 companies, with the thesis of moving venture investing beyond software to the physical world: "The opportunity to innovate in these traditional industries — construction, energy, manufacturing, buildings and real estate, supply chain, food and agriculture, and infrastructure — is enormous both in terms of labor and capital."

This shift is seen across venture capital and matches the American Dynamism thesis from Andreessen Horowitz and Founders Fund's manifesto. Innovation Endeavors claims it is "investing in the Super Evolution to drive generational change". It states this Super Evolution "is driven by changemakers" and that "We live in a mega-evolutionary era in which a significant event — in this case, the increasing pace of technology development — causes radical, multi-generational change. The result: A super evolution." This echoes themes of Marc Andreessen's techno-optimist manifesto and the techno-capital machine.

Innovation Endeavors has invested in a number of biotech startups, including Character Biosciences ("a platform that merges genomics with clinical data and AI technology"), Weave Bio ("an artificial intelligence collaboration platform for biomedicine,") and Eikon Therapeutics ("a biopharmaceutical company that develops live-cell resolution microscopy and engineering for drug discovery"). It has invested in major defense plays, including Astra, a rocket launch startup, the satellite company Planet, and Rebellion Defense, which provides software for military operations. It also invests in AI and fintech startups.

America's Frontier Fund was started by Eric Schmidt and Peter Thiel; profiled by Influence Watch, it was founded "to invest in domestic microchip manufacturing in a wider geopolitical struggle against China’s attempt to corner the semiconductor market. Schmidt and Thiel were joined by former government officials like Obama administration Secretary of Defense Ashton B. Carter and Trump administration National Security Adviser H.R. McMaster, and the group has met with members of Congress to request about $1 billion in federal funds for the project. While primarily interested in reviving domestic chip manufacturing, America’s Frontier Fund also aims through financial investments to foster research and development in microelectronics, artificial intelligence, and quantum science and technology."

In July 2025, America's Frontier Fund began raising $315 million. It has two investments known to date: Foundation Alloy ("vertically integrated metal part production platform") and Tacta Systems ("robotics with human-like tactile abilities with Dextrous Intelligence, the nervous system for robots.)"