In a significant development amid the ongoing cultural discourse, a group named New Founding has emerged as a key player in the creation of a venture capital fund focused on “anti-woke” initiatives. This initiative has garnered the attention and support of influential figures, including billionaire Marc Andreessen, signaling a shift in the venture capital landscape that aligns with conservative and Christian values.
Earlier this year, New Founding made headlines with its announcement of creating a Christian enclave in Kentucky, aiming to provide an escape from prevailing cultural norms. Building on this foundation, they have launched a venture capital fund to fuel companies that share their conservative values and aim for both cultural and economic shifts. New Founding seeks to challenge progressive ideologies through strategic investments, promoting a vision rooted in a MAGA, tech-forward, Christian worldview.
The fund has already attracted $3 million, investing in ten startups so far, which include ventures in education technology and ad-tech for niche markets. These investments are seen as the initial steps toward establishing a “parallel economy,” offering what they consider ideological alternatives to mainstream services, such as Google’s advertising technologies.
New Founding CEO Nate Fischer articulated the demand for such alternatives, highlighting the potential market among those who feel their views are underrepresented by mainstream corporations. Supporting this initiative is Marc Andreessen, a cofounder of Andreessen Horowitz, who has invested in the fund as a limited partner with a substantial six-figure commitment. Andreessen’s involvement underscores the growing sentiment in Silicon Valley against “wokeism,” and aligns with the ambitions of New Founding.
The firm’s podcast has featured notable guests from Silicon Valley, including Katherine Boyle and Erik Prince, further establishing its influence within the tech community. This has coincided with a broader movement among some tech investors to pivot away from globalization and towards a more nationalist, American-centric approach to business.
Notably, this “anti-woke” investment trend isn’t isolated. Vivek Ramaswamy has founded an investment firm dedicated to opposing “woke” ideals, and Azoria Capital has launched an ETF focused on companies that do not support diversity and inclusion principles. Similarly, 1789 Capital, which recently partnered with Donald Trump Jr., is part of this emerging “parallel economy,” investing in ventures that reject traditional ESG frameworks.
The emergence of these funds reflects a broader cultural shift in venture capital, as they challenge established norms and seek to reshape the landscape with their ideological stance. While these funds are still in the early stages and have raised relatively modest sums compared to Silicon Valley giants, they are gaining traction and attention, suggesting a potential realignment within the investment community.
New Founding’s aspirations are ambitious, asserting that current cultural and political climates offer opportunities to forge new societal models. Fischer’s vision, as detailed in the firm’s manifesto, suggests the end of a civilizational cycle, and the beginning of a transformative era led by conservative and Christian principles. While this narrative shares elements with radical philosophies like Accelerationism, Fischer insists it is not a call to violence but rather a business opportunity amid political volatility.
As New Founding continues to develop its portfolio and network, it remains to be seen how significant an impact these “anti-woke” funds will have on the broader venture capital and tech ecosystems. With the backing of influential figures like Andreessen, and the potential for increased traction in a politically divided landscape, these ventures could signal a shifting paradigm in how venture capital intersects with cultural and ideological views.
The trajectory of “anti-woke” venture capitalism reflects a growing countermovement within the investment world, challenging prevailing progressive ideals. As New Founding and similar ventures continue to expand, their influence may reshape how capital is allocated in alignment with specific cultural and ideological values, signaling a pivotal evolution in the venture capital sector.
Source: Forbes
