137 Ventures

6 statements across 1 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Dec 23, 2021 by Justin Fishner-Wolfson · said 19 times in 1 episodes since 2021 · across every show →

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2021 19 mentions in 1 episode

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Everything said about 137 Ventures, oldest first

Dec 23, 2021 bullish
Disclosure
Fishner-Wolfson: SpaceX, Gusto, Flexport, WorkRise, and Curology are 137's top holdings
“The biggest position obviously goes back to the time I was a founder's fund with SpaceX. You know, we're large investors in Gusto and Flexport and WorkRise. I think Curology rounds out probably the top five portfolio companies for us today.”
Justin Fishner-Wolfson Dec 23, 2021 ▶ 31:30 Justin Fishner- Wolfson - 137 Ventures (Manager Meetings, EP.25)
Dec 23, 2021
Disclosure
Fishner-Wolfson: 137 Ventures structures liquidity as loans to preserve 409A valuations
“We structure these things as loans, so we can avoid repricing the foreign day of the business. We can make it more tax efficient for folks. We can allow people to maintain voting control.”
Justin Fishner-Wolfson Dec 23, 2021 ▶ 21:29 Justin Fishner- Wolfson - 137 Ventures (Manager Meetings, EP.25)
Dec 23, 2021
Insight
Staying private allows cap table control and shields employees from volatility
“The benefit of being a private company is getting to choose who your investors are and who do you want to work with and who do you think is going to be a good long-term partner. And That's not always about price. It's not necessarily the number one considerati…”
Justin Fishner-Wolfson Dec 23, 2021 ▶ 37:09 Justin Fishner- Wolfson - 137 Ventures (Manager Meetings, EP.25)
Dec 23, 2021 neutral
Opinion
Fishner-Wolfson: Record IPOs do not reduce private tech liquidity demand
“I'm not sure that the fact that there's all these IPOs really changes people's need for liquidity or is dramatically changing the duration that companies are staying private for... So the IPO market isn't fundamentally changing the need or desire for liquidity…”
Justin Fishner-Wolfson Dec 23, 2021 ▶ 35:29 Justin Fishner- Wolfson - 137 Ventures (Manager Meetings, EP.25)
Dec 23, 2021
Insight
Fishner-Wolfson: Easy capital markets make hiring harder and create talent-driven dilution
“People forget that in times where capital is easier, hiring is harder. And so people have traded one problem for the other, which is that it's much easier to raise money today at quite good prices, but then you're turning around and trying to hire people. And …”
Justin Fishner-Wolfson Dec 23, 2021 ▶ 38:08 Justin Fishner- Wolfson - 137 Ventures (Manager Meetings, EP.25)
Dec 23, 2021
Disclosure
Fishner-Wolfson: 137 Ventures offers non-recourse convertible loans against founder equity
“Most of what we do Which are the loans that you're alluding to is basically a non-recourse loan. The person we're doing business with is going to put up some shares as collateral for that loan. The loan's non-recourse. And so they're not taking risk beyond the…”
Justin Fishner-Wolfson Dec 23, 2021 ▶ 23:48 Justin Fishner- Wolfson - 137 Ventures (Manager Meetings, EP.25)
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