MDB Capital Holdings is a "public venture capital" platform that co-founds early-stage technology companies and takes them public as micro- and small-cap IPOs. Unlike traditional venture capital, MDB gets involved at the earliest possible stage — often before a management team or business plan exists — sourcing technology from universities, research labs, and inventors with category-leadership potential. MDB then builds the company from scratch: assembling management, developing IP strategy, providing seed capital (typically $5–$10M initially, scaling to $20–$60M), and ultimately bringing the company public via an IPO typically sized at $20–$50M. MDB acts as underwriter or selling agent for these IPOs and remains involved post-IPO as a board member, advisor, and follow-on financing participant. MDB operates through two main units: Public Ventures, a self-clearing registered broker-dealer that structures and underwrites these IPOs, and PatentVest, an IP intelligence and legal services platform with a database of over 148M patents across 116 countries. PatentVest supports MDB's internal due diligence and sells IP services externally. MDB earns underwriting fees and retains equity stakes in partner companies, with long-term upside tied to equity appreciation post-IPO. PatentVest also generates recurring service fees from external clients. Operating costs of roughly $10M annually are managed as an investment in building the platform, with the goal of having fee income roughly offset costs while equity appreciation drives returns. MDB's stated goal is to scale from roughly one IPO every 18 months to 3–5 per year.