Tucker Carlson’s new media company has found a backer.
Omeed Malik, through his newly formed boutique investment firm 1789 Capital, has invested $15 million in seed funding into Last Country, a startup founded by Carlson and Neil Patel. according to wall street journal.
The project will eventually be subscription-driven, but it is currently building viewers through Carlson’s videos on Twitter, including a high-profile video of Donald Trump that aired alongside the first Republican candidate debate.
Malik also founded the bank Farvahar Partners, and he founded 1789 as an “anti-woke” equity firm. The company’s current funding is modest, with $150 million in investments, which could make it difficult for the company to compete with larger venture capital firms.
The investment in Carlson’s media business is intended to help it demonstrate proof of concept, which will allow the company to make larger capital investments.According to the company, it has not yet valued the business wall street journal.
On April 24, Carlson was abruptly ousted from Fox News Channel. No official reason was given, but in the weeks after the action, leaks revealed that he allegedly sent misogynistic and vulgar messages about colleagues. Tucker Carlson tonight It is Fox’s most-watched evening show, averaging 3.2 million viewers in its first season.
On May 9, weeks after his departure, Carlson announced plans to bring a new version of his show to Twitter. In doing so, he reportedly gave up any severance package Fox might have owed him. Dylan Byers of Parker News, wrote on twitter At the time “he would give up at least $25 million that Fox owed him in order to break the non-compete clause.” (sic)
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