Tucker Carlson’s media startup receives major support from ‘anti-woke’ investment firm, says report.
Former Fox News Host Tucker Carlson Secures $15 Million Investment for Media Startup
Exciting news for Tucker Carlson as an “anti-woke” venture capital firm has agreed to invest millions of dollars in his budding media startup. Venture firm 1789 Capital, co-founded by Chris Buskirk and Omeed Malik, has invested $15 million in Mr. Carlson’s media company, according to The Wall Street Journal.
Mr. Buskirk and Mr. Malik see great potential in Mr. Carlson’s media company, particularly in reaching conservative-leaning consumers through existing business models. They believe that there are investment opportunities in what they call the “parallel economy.”
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1789 Capital also focuses on investing in companies that are bringing jobs back to the United States and supporting capital-seeking companies that have been overlooked due to politicized investment decisions by the “ESG cult.”
ESG refers to the “Environmental, Social, and Governance” (ESG) framework that started out as soft guidelines but has turned into heavy-handed mandates that push controversial “social justice” ideologies and refuse to invest in startups that don’t toe the “woke” line.
Mr. Malik believes that Mr. Carlson’s content has a potential market of at least the 74 million Americans who voted for President Donald Trump. He sees 1789 Capital benefiting from the growing backlash against woke companies that promote leftist agendas.
While Mr. Carlson has not publicly commented on the investment, his media startup has already gained significant traction. His free video content on X has garnered millions of views, with his first episode alone reaching 121.5 million views. Reports emerged in July that Mr. Carlson had teamed up with former White House adviser Neil Patel to raise funds for the new media company.
1789 Capital’s $15 million investment marks a major breakthrough for Mr. Carlson and Mr. Patel, as they aim to demonstrate the viability of their business model and attract further funding.
ESG In The Crosshairs
Mr. Malik’s remarks about 1789 Capital’s focus on supporting businesses snubbed by the “ESG cult” come amid broader criticism of ESG and corporate wokeism.
A trade group representing manufacturers recently criticized regulatory moves tightening ESG rules, calling on Congress to intervene and protect businesses from ESG activists. The House Financial Services Committee has advanced bills aimed at fighting the influence of ESG investing in America’s financial markets.
James Lindsay, author of “Race Marxism,” has described ESG as a weapon used by “social justice warriors” to shake down corporations and impose a “one world government.” Rating agency S&P Global has also dropped its use of ESG scores to assess corporate borrowers.
How does 1789 Capital’s focus on the “parallel economy” impact their investment decisions and what potential do they see in conservative-leaning businesses?
The investment by 1789 Capital in Tucker Carlson’s media startup not only demonstrates their confidence in his company’s potential but also aligns with their broader investment philosophy. The venture firm, co-founded by Chris Buskirk and Omeed Malik, is known for its focus on the “parallel economy” and investing in conservative-leaning businesses.
Buskirk and Malik believe that there is significant growth potential in the conservative market segment, and Carlson’s media company is well-positioned to reach and engage this audience. By tapping into existing business models, they aim to leverage the conservative consumer base and create value for their investment.
The parallel economy, as defined by Buskirk and Malik, refers to investment opportunities that have been disregarded due to politicized investment decisions by what they refer to as the ”ESG cult.” ESG, which stands for Environmental, Social, and Governance, has become a focal point in investment decision-making, often leading to biased allocations of resources. 1789 Capital seeks to counterbalance this trend by identifying overlooked companies that bring jobs back to the United States and have the potential to generate significant returns.
The investment in Tucker Carlson’s media startup not only reflects the firm’s investment strategy but also underscores the growing demand for conservative media outlets. Carlson, a former host on Fox News, has built a substantial following with his unapologetically conservative viewpoints. As traditional media becomes increasingly polarized, there is a need for alternative voices that appeal to conservative-leaning individuals.
This investment comes at a time when media startups are gaining prominence in the industry, fueled by technological advancements and a shift in consumer preferences. As more people turn to digital platforms for news and entertainment, there is ample room for innovative media companies to thrive. Through this investment, Tucker Carlson’s media startup can leverage 1789 Capital’s financial support and expertise to expand its reach and solidify its position in the market.
The $15 million investment from 1789 Capital is a significant milestone for Tucker Carlson and his media company. It not only provides the necessary capital to fuel growth but also validates the company’s potential in the eyes of experienced investors. This partnership can serve as a catalyst for further success as the media startup continues to navigate the competitive landscape.
Overall, this investment highlights the growing interest in conservative media and the belief in Tucker Carlson’s ability to capitalize on this market segment. As his media startup moves forward with this significant financial backing, it has the potential to disrupt the media landscape and carve out a unique space for conservative voices.
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