BROADCASTS.com

Published: Aug. 10, 2021, 1:57 p.m.

b'

Follow me @samirkaji for my thoughts on the venture market, with a focus on the continued evolution of the VC landscape.

Today we\\u2019re thrilled to bring you my conversation with Justin Fishner-Wolfson, co-founder and managing partner of 137 Ventures, a growth-stage venture firm that provides customized liquidity solutions to founders, investors, and early employees of high-growth private technology companies.

With a total AUM of $1.5B, 137 Ventures has backed some of the most impactful companies of the past decade, including Wish, Flexport, SpaceX, Uber, and Airbnb.\\xa0

Prior to launching 137 ventures in 2010, Justin worked on the investment team at Founders Fund.

A message from our sponsor

Anduin is revolutionizing fund management with streamlined fund operations, digitized fund subscriptions, and real-time status updates.\\xa0

Traditional, paper-based subscriptions are costly, tedious and error-prone, with up to 80% of submitted documents being incorrect and considered not in good order.

Fund managers lack real-time visibility, facing manual processes, endless back-and-forth and a mountain of emails, documents and spreadsheets.

Anduin\\u2019s investor onboarding workflow improves the investor experience, bringing clarity, guidance, and efficiency to fund subscriptions which drastically reduces error rates.

The Anduin platform allows GPs to perform fund operations simply and efficiently with improved data accuracy, freeing up time so they can focus on what they do best... investing.

For more information, or to arrange a demo, visit fundsub.io/ventureunlocked

In this episode we discuss:

02:10\\tJustin\\u2019s journey into venture capital

03:36\\tLearnings from Founders Fund

05:52\\tDifferentiating yourself in tangible ways

07:45\\tHow Justin thinks about the sales process

10:34\\tFund sizing

14:59\\tLiquidity solutions for the future

17:42\\tHow efficient are the secondary markets right now?

20:40\\tJustin\\u2019s philosophy on risk

26:00\\tThe considerations of check size and ownership requirements

28:53\\tWhat are the toughest things to get right in building a firm?

31:01\\tAvoiding talent atrophy and ensuring generational succession

32:56\\tThe hardest lesson learned in building a firm

39:47\\tThe most counterintuitive lesson Justin learned in investing

42:19\\tLearnings from misses

43:47\\tJustin\\u2019s inspirations

Mentioned in this episode137 Ventures

I\\u2019d love to know what you took away from this conversation with Justin. Follow me @SamirKaji and give me your insights and questions with the hashtag #ventureunlocked. If you\\u2019d like to be considered as a guest or have someone you\\u2019d like to hear from (GP or LP), drop me a direct message on Twitter.

Podcast Production support provided by Agent Bee Agency

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit ventureunlocked.substack.com'