137 Ventures raises $210M to give liquidity to startup employees

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137 Ventures walks and talks like your run-of-the-mill venture capital fund, but a quick look under the hood exposes a different style of investing.

The San Francisco-based growth-stage firm, which is today announcing its fourth fund with $210 million in committed capital, provides liquidity to founders and early employees of “sustainable, fast-growing, private companies.” In essence, 137 Ventures buys shares directly from employees at unicorn tech companies, like Palantir, Flexport and Airbnb.

Founded by Justin Fishner-Wolfson and S. Alexander Jacobson, a pair of former investors at Peter Thiel’s Founder’s Fund, 137 Ventures also owns a significant stake in Elon Musk’s

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