Don Jr.'s VC firm rejects Rep. Raskin's accusations of "insider political influence"
Summary
President Donald Trump’s eldest son, Donald Trump Jr., has a venture capital firm called 1789 Capital. A top House Democrat, Rep. Jamie Raskin, accused the firm of using political connections to make profitable investments, but the firm denies these claims and did not share documents requested by Raskin.Key Facts
- 1789 Capital is Donald Trump Jr.’s investment firm.
- Rep. Jamie Raskin, a Democrat on the House Judiciary Committee, started an investigation into the firm for possible insider political influence.
- Raskin alleges the firm bought stakes in companies before they got federal funding or favorable decisions.
- Companies mentioned include Juul (electronic cigarettes), Anduril Industries (defense technology), Vulcan (rare-earth minerals), and the prediction market Polymarket.
- 1789 Capital’s lawyers said the firm welcomes legitimate oversight but called Raskin’s requests part of political games.
- The firm did not provide the requested investment documents or communications with the Trump administration.
- Raskin’s party does not currently have the power to subpoena records unless they win a House majority in the 2026 midterm elections.
- The letter from 1789 Capital came one day before a Republican midterm convention where both Donald Trump Jr. and President Trump were scheduled to appear.
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