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>Carta's decision to get out of the secondaries business appeared to happen quickly, but it was the end product of years of internal deliberation over the best way for Carta to unlock liquidity in the ecosystem while maintaining alignment with their customers.</li><li>Because Carta is a system of record and controls the cap table for ~35% of venture-backed startups, it will still be a crucial player in facilitating secondary sales—the decision to get out of the secondaries business has more to do with whether they want to broker deals themselves or let other companies do the dirty work.</li><li>Ultimately, the ecosystem does still need liquidity as private companies progress from the "heads down and build" stage where being private is about control, and towards the pre-IPO stage where liquidity relieves the pressure to go public.</li></ul>

Carta's decision to get out of the secondaries business appeared to happen quickly, but it was the end product of years of internal deliberation over the best way for Carta to unlock liquidity in the ecosystem while maintaining alignment with their customers.Because Carta is a system of record and controls the cap table for ~35% of venture-backed startups, it will still be a crucial player in facilitating secondary sales—the decision to get out of the secondaries business has more to do with whether they want to broker deals themselves or let other companies do the dirty work.Ultimately, the ecosystem does still need liquidity as private companies progress from the "heads down and build" stage where being private is about control, and towards the pre-IPO stage where liquidity relieves the pressure to go public.

Carta

Carta And The Future Of Liquidity