Staying private allows cap table control and shields employees from volatility
Justin Fishner-Wolfson · Justin Fishner- Wolfson - 137 Ventures (Manager Meetings, EP.25) · Dec 23, 2021 · at 37:09
Justin Fishner-Wolfson, co-founder of 137 Ventures, discusses why private secondary marketplaces like CartaX face resistance from private tech companies.
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“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 consideration for people. And there's value in not having your employees check the stock price every day.”
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