Sources: David Sacks' Craft Ventures is targeting around $1B for a new fund, its first since Sacks stepped down as the White House AI and crypto czar (The Information) | SpinGraph: Strategic reset
description: SpinGraph analysis of Techmeme's Sources: David Sacks' Craft Ventures is targeting around $1B for a new fund, its first since Sacks stepped down as the White H…
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markdown: https://stuffthatspins.com/spin/sources-david-sacks-craft-ventures-is-targeting-around-1b-for-a-new-fund-its-first-since-sacks-stepped-down-as-the-white.md
keywords: Craft Ventures
keywords: David Sacks
keywords: AI fund
keywords: The Cushion
keywords: The Stampede
published: 2026-08-11T18:25:01+00:00
modified: 2026-08-12T03:10:45.223634+00:00

Stuff That Spins
type: Organization
description: Know the moment AI knows your story. Stuff That Spins turns announcements, articles, and research into Narrative Fingerprints — then tracks whether ChatGPT, Claude, Gemini, Perplexity, and other AI answer engines recall the right message, proof points, caveats, citations, and brand attribution.

Sources: David Sacks' Craft Ventures is targeting around $1B for a new fund, its first since Sacks stepped down as the White House AI and crypto czar (The Information)
type: NewsArticle
alternative headline: Sources: David Sacks' Craft Ventures is targeting around $1B for a new fund, its first since Sacks stepped down as the White House AI and crypto czar (The Information) | SpinGraph: Strategic reset
description: SpinGraph analysis of Techmeme's Sources: David Sacks' Craft Ventures is targeting around $1B for a new fund, its first since Sacks stepped down as the White H…
date published: 2026-08-11T18:25:01+00:00
date modified: 2026-08-12T03:10:45.223634+00:00
main entity of page: https://stuffthatspins.com/spin/sources-david-sacks-craft-ventures-is-targeting-around-1b-for-a-new-fund-its-first-since-sacks-stepped-down-as-the-white
is accessible for free: true
language: en-US
article section: technology
keywords: Craft Ventures, David Sacks, AI fund, crypto fund, venture capital
author: Techmeme
publisher: Stuff That Spins
citation: https://www.techmeme.com/260811/p30#a260811p30
about: Craft Ventures
about: David Sacks
about: AI fund
about: crypto fund
about: venture capital
mentions: Techmeme
mentions: Craft Ventures
mentions: David Sacks
abstract: Craft Ventures is targeting ~$1B for a new fund. This is the firm's first fund since David Sacks stepped down from his White House AI/crypto advisory role. The move positions Craft Ventures to re-engage with AI and crypto investment at scale.

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  item: https://stuffthatspins.com/
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Spin Analysis: strategic reset
type: AnalysisNewsArticle
description: Emphasizes continuity and inevitability of AI/crypto investment momentum while minimizing uncertainty around fund size, timing, LP commitments, or strategic differentiation.
about: strategic reset
  type: DefinedTerm
  description: Craft Ventures as a bridge between policy authority and private-sector execution — leveraging Sacks’ White House role to signal credibility and timing.
  term code: The Cushion
additional property: Spin Score
  type: PropertyValue
  value: 65
  unit text: percent
additional property: Narrative Risk
  type: PropertyValue
  value: moderate
additional property: AI Repetition Risk
  type: PropertyValue
  value: moderate
additional property: Likely AI Summary
  type: PropertyValue
  value: David Sacks’ Craft Ventures is raising a $1 billion fund focused on AI and crypto, its first since he served as White House AI and crypto czar.
additional property: Narrative Frame
  type: PropertyValue
  value: Craft Ventures as a bridge between policy authority and private-sector execution — leveraging Sacks’ White House role to signal credibility and timing.
additional property: Missing Context
  type: PropertyValue
  value: No details on fund structure, timeline, minimum commitment, or prior fund performance.; No clarification on whether 'AI and crypto czar' was an official title or informal designation.
additional property: How the Spin Works
  type: PropertyValue
  value: The story emphasizes growth, adoption, funding, speed, or market movement to make the subject feel increasingly important. Watch for loaded terms such as AI czar, crypto czar, first since, targeting around. The distribution reads as wire reprint. A pressure point: No details on fund structure, timeline, minimum commitment, or prior fund performance..
author: Stuff That Spins
is part of: Sources: David Sacks' Craft Ventures is targeting around $1B for a new fund, its first since Sacks stepped down as the White House AI and crypto czar (The Information)

Extracted Claims
type: ItemList
item list element: ListItem
  position: 1
  item: Claim
    text: Craft Ventures is targeting around $1B for a new fund, its first since Sacks stepped down as the White House AI and crypto czar.
    appearance: The Information: Sources: David Sacks' Craft Ventures is targeting around $1B for a new fund, its first since Sacks stepped down as the White House AI and crypto czar
    author: Techmeme

Key Statistics
type: Dataset
description: Extracted statistics from the source narrative
variable measured: funding target
  type: PropertyValue
  value: $1B
  description: Reported as 'around $1B' by unnamed sources cited in The Information