""Can we find the next four Facebooks?" Christian Garrett, 33, a partner at the firm, asked, bluntly framing the firm's ambition. "Or 40 Facebooks?""
""Our thesis is driven by wanting to build concentrated positions over longer durations in what we think are generational technology companies," he told Business Insider."
""Christian is a super connector," Chris Power, the CEO of AI manufacturing startup Hadrian, said, adding he is "helpful in thinking about how the world is going and where we can be best positioned.""
137 Ventures specializes in secondary-market investing, buying and selling stakes already owned by other investors to build concentrated positions in high-potential startups. The firm holds significant stakes in SpaceX and Anduril and scaled an early few-million-dollar Anduril position into a roughly $100 million holding. The fund is increasing deep-tech bets, including Applied Intuition and Impulse Space, targeting generational technology companies over long durations. Partner Christian Garrett has expanded the firm's reach in Washington, D.C., cofounding the Hill and Valley Forum and engaging tech and political leaders. The firm leverages networking and long-term concentration to pursue outsized returns.
Read at Business Insider
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