Private Markets, Angel and Secondary Investing, Sacra

Sacra

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 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>Over the last decade, we’ve gone from 90% of companies blocking secondaries to 10% as both employees and VCs increasingly seek liquidity—with VCs now accounting for roughly a third of all secondary volume as they sell down stakes to return capital to LPs.</li><li>Fragmentation in the marketplace—with supply-and-demand splintering between individuals &amp; institutions and through overlapping layers of SPVs and brokers—has become the biggest bottleneck on liquidity in the secondary market today, distorting signals around price and creating confusion for buyers, sellers, and issuers alike.</li><li>As programmatic trading added liquidity to public markets in the early 2000s, private secondary markets like EquityZen are unlocking liquidity by breaking the dichotomy between institutional investors and accredited retail investors, stitching together institutional blocks with individual orders and turning fragmented supply and demand into executable flow.</li></ul>

Over the last decade, we’ve gone from 90% of companies blocking secondaries to 10% as both employees and VCs increasingly seek liquidity—with VCs now accounting for roughly a third of all secondary volume as they sell down stakes to return capital to LPs.Fragmentation in the marketplace—with supply-and-demand splintering between individuals &amp; institutions and through overlapping layers of SPVs and brokers—has become the biggest bottleneck on liquidity in the secondary market today, distorting signals around price and creating confusion for buyers, sellers, and issuers alike.As programmatic trading added liquidity to public markets in the early 2000s, private secondary markets like EquityZen are unlocking liquidity by breaking the dichotomy between institutional investors and accredited retail investors, stitching together institutional blocks with individual orders and turning fragmented supply and demand into executable flow.

Atish Davda, CEO Of EquityZen, On The Biggest Bottleneck In The Secondary Markets