GOBLIN HOUSE
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GOBLIN HOUSE
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Question: Investigate David Sacks: Search USASpending for "Federal contracts awarded to companies identified as Craft Ventures portfolio companies, particularly SBIR awards 2020-2025". Would document existing federal funding relationships that create conflicts with Sacks' policy authority. Report any findings as factual claims with dates and evidence.
Date: 2026-04-11
David Sacks faces significant conflicts of interest through his dual roles as White House AI and crypto czar and co-founder of Craft Ventures. Most notably, Anduril Industries—a Craft Ventures portfolio company—received a $159 million Pentagon contract in September 2025 and a massive $20 billion Army enterprise agreement in March 2026, both occurring after Sacks authored the AI Action Plan promoting Pentagon contracts with AI companies. Shield AI, another portfolio company, has received multiple SBIR awards from the Department of Defense. Additionally, BitGo, in which Craft holds a 7.8% stake, filed for IPO shortly after Sacks promoted the GENIUS Act regulating stablecoins. Ethics expert Kathleen Clark characterized these arrangements as corruption, noting that a policymaker pushed policies that directly benefited companies in which he held financial interests. While Anduril claims their contracts predate Sacks' government role, the timing and scale of awards—particularly the unprecedented $20 billion Army deal—raise serious questions about conflicts between Sacks' policy authority and his venture capital investments.