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>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

AngelList

The Startup Recurring Liquidity Calculator