(p. A18) Five years ago, Omeed Malik was a self-described “run-of-the-mill corporate Democrat,” with a seat on the Council on Foreign Relations, a summer house in the Hamptons, and stints at Bank of America and white-shoe law firm Weil, Gotshal under his belt.
Then Covid happened. Chafing under government mandates he found illogical and corporate limits on speech that felt to him like censorship, he moved from Manhattan to Florida and began hanging out with Republican donors. He discovered a business opportunity in a so-called parallel economy of conservative-friendly companies.
Now, he is one of their financiers. Malik this year launched 1789 Capital, which aims to capitalize on the opportunities that it sees left open by the “wokeness” of more traditional sources of capital.
Its first fund, with a modest $150 million, made its initial investment Monday [Oct. 16, 2023], leading a $15 million seed round with other private investors into Tucker Carlson and Neil Patel’s new media company.
For the full story, see:
(Note: bracketed date added.)
(Note: the online version of the story has the date October 17, 2023, and has the title “Tucker Carlson’s Media Company Secures Investment Led by ‘Anti-Woke’ Firm.”)