Private Markets, Angel and Secondary Investing, Sacra

Sacra

Private Markets, Angel and Secondary Investing

Bringing transparency to private markets so investors, founders, and employees can build on conviction. Sacra delivers deeply researched insights on the private companies shaping tomorrow's markets. By surfacing the data, context, and operator perspective that are missing from private markets today, we help secondary buyers and sellers price equity accurately and unlock liquidity for the people building these businesses.

Private Capital Markets

<ul><li>The company is currently at ~12M ARR and projects to hit ~21M in ARR by end of 2017.</li><li>eShares is raising a $25m-$30M Series C.</li><li>Net revenue retention is stabilizing around 130% one year out, which is top quartile.</li></ul>

The company is currently at ~12M ARR and projects to hit ~21M in ARR by end of 2017.eShares is raising a $25m-$30M Series C.Net revenue retention is stabilizing around 130% one year out, which is top quartile.

Earnest Capital / Private Capital Markets

<ul><li>Earnest Capital is a fund that invests not in high-growth startups but in bootstrapped SaaS companies.</li><li>Earnest's 2019 investments have appreciated and/or paid out enough that they're now worth more than double the principal.</li><li>In the two years since inception, Earnest Capital has invested about $8M in over 30 companies, mostly bootstrapped, profitable SaaS companies.</li></ul>

Earnest Capital is a fund that invests not in high-growth startups but in bootstrapped SaaS companies.Earnest's 2019 investments have appreciated and/or paid out enough that they're now worth more than double the principal.In the two years since inception, Earnest Capital has invested about $8M in over 30 companies, mostly bootstrapped, profitable SaaS companies.

Earnest Capital: The Bootstrapped SaaS VC Firm With 1.46x TVPI After 2 Years

<ul><li>Startups tend to have a long and uncertain time-to-upside: many people take pay cuts in the hopes that they&#39;ll have a good outcome down the road.</li><li>If after 3-4 years you can be earning more in liquid comp than you would at Facebook, and you also have all your remaining carried equity on top of that, it makes going to work at a startup potentially far more lucrative than going to work at FAANG.</li><li>In the case of a Series B company worth $100M and growing 150% year-over-year, a float of 20% offers a time-to-upside right around 3 years and leaves an employee with $2.2M in carried equity at the end of year 4.</li></ul>

Startups tend to have a long and uncertain time-to-upside: many people take pay cuts in the hopes that they&#39;ll have a good outcome down the road.If after 3-4 years you can be earning more in liquid comp than you would at Facebook, and you also have all your remaining carried equity on top of that, it makes going to work at a startup potentially far more lucrative than going to work at FAANG.In the case of a Series B company worth $100M and growing 150% year-over-year, a float of 20% offers a time-to-upside right around 3 years and leaves an employee with $2.2M in carried equity at the end of year 4.

The Startup Recurring Liquidity Calculator

United States

Marketplace and software for managing SPVs, venture funds, and private startup investments

Price Gauge
52-week Range	0.00 - 0.00
Market Cap (USDm)	0.00
P/E	0.00
Dividend (Yield)	0.00

AngelList (ANGELLIST US)

Carta Series C Deal Memo

Arjun Sethi's Series C deal memo for Carta (formerly known as eShares).

Sacra

Earnest Capital: The Bootstrapped SaaS VC Firm With 1.46x TVPI After 2 Years

Earnest Capital is a VC firm for bootstrappers with $10M AUM. Our base model requires $150M raised and 3x DPI in order for Reg CF investors to get...

Sacra

The Startup Recurring Liquidity Calculator

A startup's "time-to-upside" reflects how long it takes for their yearly liquid compensation to hit break-even with public company compensation.

Sacra

Price Gauge

52-week Range

Market Cap (USDm)

P/E

Dividend (Yield)