AJ Scaramucci, founder of Solari Capital (Image: Solari)
Scaramucci founded Solari Capital, a venture firm that has just emerged from stealth after deploying roughly 350 million dollars, and he launched a collectables holding company called Treasure Trove earlier this year. For years, Silicon Valley investor AJ Scaramucci quietly assembled an unusual collection of comics, trading cards and even dinosaur bones. Now he argues these objects belong alongside gold and bitcoin as serious alternative assets. He reasons that scarce cultural treasures can protect wealth when currencies lose value. This article explains the collection, the investment logic behind it, and how it connects to his wider technology investment thesis.
It has put roughly 350 million dollars into early-stage investing, late-stage growth cheques and companies it incubates itself, according to the report. He calls collectables a sleeping giant that institutional capital has largely ignored, and he claims the category is worth 25 trillion dollars and has never been properly institutionalised.
A few months before the report, Sotheby’s sold the most expensive Tyrannosaurus rex fossil ever transacted, and Pasinetti said Scaramucci had been discussing that very specimen long before. Solari Capital is the result. His stated ambition is to open the market to ordinary investors, and not only the ultrawealthy. That figure is his own claim, not an independently verified number. As per Fortune, Dinosaur fossils are the most unusual piece. Andrea Pasinetti, founder of the education company Kira Learning and a Solari portfolio founder, recalled that around a year and a half to two years ago Scaramucci was already talking about the short supply of Tyrannosaurus rex fossils.
