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>With growing income inequality as a tailwind, we&#39;ve seen Match.com give way to Raya, Uber give way to Blade, and Mint give way to Compound.</li><li>Among these high-ARPU &quot;luxury&quot; apps, Compound is unique in having the potential for asymmetric upside as they grow upmarket from the rich to the ultra-rich.</li><li>The ambition for these modern wealth management platforms is to break the dominance of prestige wealth management brands like J.P. Morgan and Goldman Sachs: to capture the tech workers who would be future clients of those firms by catering to their liquidity and diversification needs <em>before </em>IPO.</li></ul>

With growing income inequality as a tailwind, we&#39;ve seen Match.com give way to Raya, Uber give way to Blade, and Mint give way to Compound.Among these high-ARPU &quot;luxury&quot; apps, Compound is unique in having the potential for asymmetric upside as they grow upmarket from the rich to the ultra-rich.The ambition for these modern wealth management platforms is to break the dominance of prestige wealth management brands like J.P. Morgan and Goldman Sachs: to capture the tech workers who would be future clients of those firms by catering to their liquidity and diversification needs before IPO.

Compound, Savvy, And The Mint For The 0.1%

<ul><li>The first big secondary trading platform, SecondMarket, launched in 2009 and did $100M in transaction volume, growing to $360M in 2010 and $558M in 2011.</li><li>Now, we’re seeing the emergence of a new atomic unit of value that companies like AngelList, Carta, Sydecar and Allocations are going after—LP interests in funds and SPVs.</li><li>LP interests in funds and SPVs have the potential to unlock private markets liquidity because they sit on top of the cap table and can be traded permissionlessly, without company approval.</li></ul>

The first big secondary trading platform, SecondMarket, launched in 2009 and did $100M in transaction volume, growing to $360M in 2010 and $558M in 2011.Now, we’re seeing the emergence of a new atomic unit of value that companies like AngelList, Carta, Sydecar and Allocations are going after—LP interests in funds and SPVs.LP interests in funds and SPVs have the potential to unlock private markets liquidity because they sit on top of the cap table and can be traded permissionlessly, without company approval.

Sydecar And The New Atomic Unit Of The Private Markets

<ul><li>Sydecar, in brief, is an on-ramp for emerging venture capitalists.</li><li>Over the course of the last 14 months, we&#39;ve done north of 300 transactions, administering something like $400 million in transaction value.</li><li>The silver bullet then, would probably be the vision, which is around creating the standard—the one way to transact.</li></ul>

Sydecar, in brief, is an on-ramp for emerging venture capitalists.Over the course of the last 14 months, we&#39;ve done north of 300 transactions, administering something like $400 million in transaction value.The silver bullet then, would probably be the vision, which is around creating the standard—the one way to transact.

Nik Talreja, CEO Of Sydecar, On Powering The Future Of Secondary Trading

<ul><li>Savvy is a technology-enabled wealth management firm.</li><li>This is a strong tailwind that works in our favor as advisors look to break away from the big wirehouses.</li><li>The U.S. is our primary focus.</li></ul>

Savvy is a technology-enabled wealth management firm.This is a strong tailwind that works in our favor as advisors look to break away from the big wirehouses.The U.S. is our primary focus.

Ritik Malhotra, CEO Of Savvy, On The Rise Of tech-enabled Wealth Management

<ul><li>The traditional process for how to invest in a fund works like this.</li><li>Passthrough is building workflow automation software for fund management at a time when new funds, new LPs, and new VCs are everywhere.</li><li>What we do is go out, take their documents, and turn them into a workflow that looks like TurboTax.</li></ul>

The traditional process for how to invest in a fund works like this.Passthrough is building workflow automation software for fund management at a time when new funds, new LPs, and new VCs are everywhere.What we do is go out, take their documents, and turn them into a workflow that looks like TurboTax.

Tim Flannery, co-founder Of Passthrough, On Building TurboTax For Private Fund Investing

United States

Wealth management firm with software for RIAs serving high net worth individuals

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Savvy (SAVVY US)

Compound, Savvy, And The Mint For The 0.1%

TL;DR: We interviewed Carta CFO Charly Kevers, Savvy CEO Ritik Malhotra, and produced a report on Betterment to learn more about the evolution of...

Sacra

Sydecar And The New Atomic Unit Of The Private Markets

LP interests in SPVs are the next frontier, taking over from the cap table as the atomic unit of the private markets. Read our interviews...

Sacra

Nik Talreja, CEO Of Sydecar, On Powering The Future Of Secondary Trading

Sacra interview with Nik Talreja, CEO of Sydecar.

Sacra

Ritik Malhotra, CEO Of Savvy, On The Rise Of tech-enabled Wealth Management

Sacra interview with Ritik Malhotra, co-founder and CEO of Savvy.

Sacra

Tim Flannery, co-founder Of Passthrough, On Building TurboTax For Private Fund Investing

Sacra interview with Tim Flannery, co-founder of Passthrough.

Sacra

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