Overview
A. Description of the Advisory Firm
137 Ventures (“137 Ventures” or the “Firm”) is a Delaware limited liability company formed
in June 2011. Its principal owners are Justin Fishner-Wolfson and Stuart Alexander Jacobson.
B. Types of Advisory Services
137 Ventures serves as investment adviser to certain private investment funds, which are
organized as Delaware limited partnerships or limited liability companies (each a “Fund” and
collectively the “Funds”). Affiliates of 137 Ventures serve as the General Partner or Managing
Member, as applicable, of the Funds. 137 Ventures may decide in the future to sponsor or
manage additional private investment funds or other clients. Additionally, 137 Ventures
establishes certain additional funds or corporate entities to address particular legal,
regulatory, tax, or similar considerations.
137 Ventures is a venture capital and private equity firm. It invests directly and indirectly in
technology companies (see Item 8B below) primarily in the United States, in accordance with
the strategy described in each Fund’s offering memorandum, limited partnership or limited
liability company operating agreement, and subscription documents (“Governing
Documents”).
137 Ventures and certain of its affiliates have offered co-investment opportunities
(directly
and indirectly) to existing investors, employees, and outside parties pursuant to the terms of
the applicable Governing Document and the Firm’s allocation policy.
The Funds offer limited partnership or membership interests, as applicable (“Interests”) to
certain qualified investors as described in response to Item 7, below (such investors are
referred to herein as “Investors”).
C. Client Tailored Services and Client Imposed Restrictions
Advisory services are tailored to achieve each Fund’s investment objectives. 137 Ventures
has the authority to select which and how many portfolio companies to invest in and
determine exit strategies without consultation with the Fund or its Investors.
137 Ventures and its affiliates have entered into side letter arrangements with certain
Investors, which are negotiated prior to investment and may establish rights that supplement
or alter the terms of the applicable Governing Documents.
D. Wrap Fee Programs
137 Ventures does not participate in wrap fee programs.
E. Amounts Under Management
As of December 31, 2023, 137 Ventures has approximately $3.5 billion of regulatory assets
under management on a discretionary basis. The Firm does not manage assets on a non-
discretionary basis.