# Republic Square

Republic Square is a RIA based in Austin, United States.

## Overview

- **Organization type:** RIA
- **Headquarters:** Austin, United States
- **Region:** North America
- **Address:** Austin, TX, United States
- **Assets under management:** Undisclosed
- **Website:** republicsq.com
- **LinkedIn:** https://www.linkedin.com/company/crowdout

## Regulatory record

- **CRD number:** 305018
- **SEC file number:** 801-128395
- **Registration status:** Registered
- **Reports private funds:** Yes
- **IAPD record:** https://adviserinfo.sec.gov/firm/summary/305018

## About

REPUBLIC SQUARE is an SEC-registered investment adviser in AUSTIN, TX, registered since 2023. The firm manages approximately $102 million in regulatory assets. It has 9 employees and 7 investment advisers.

## Sectors

- Enterprise Software
- Defense Tech
- AI/ML
- PropTech
- Industrial Tech

## People

- Joe Lonsdale — Co-Founder, General Partner
- Zacua Ventures — Related Venture Entity

## Questions

### How is Republic Square different from 8VC?

8VC is a traditional venture capital firm that raises funds from external limited partners, targets specific fund vintages, and carries conventional LP-GP economics. Republic Square is Joe Lonsdale's personal investment vehicle, deploying his own capital with no external LP obligations. This gives Republic Square a permanent-capital structure that can hold assets indefinitely, participate in deals outside 8VC's mandate, and avoid the distribution pressure that comes with institutional venture funds. The two entities frequently co-invest, but Republic Square's balance sheet operates on a family-office time horizon.

### How are Republic Square and the Cicero Institute related?

Both are funded and controlled by Joe Lonsdale, but they serve completely different functions. The Cicero Institute is a 501(c)(3) public-policy nonprofit focused on state-level legislative reform in areas like housing, healthcare, and higher education. It is not an investment vehicle and does not share a balance sheet with Republic Square. Allocators evaluating Lonsdale's ecosystem should understand the connection — Cicero expands Lonsdale's policy network, which can inform investment theses — but no Republic Square capital flows through it.

## Related profiles

- [GREENWOOD HAYDEN LEGACY PARTNERS](https://altss.com/profile/greenwood-hayden-legacy-partners)

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Last updated: 2026-07-06T01:24:24.138Z

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