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

Underdog Fantasy / Private Capital Markets

<ul><li>While DraftKings and FanDuel go upmarket into the even more valuable iGaming sector (70% margins vs. ~12% for fantasy and ~30% for sportsbooks) of online blackjack, poker, and slots, traditional casino operators like BetMGM head downmarket, launching their own sportsbooks and partnering with fantasy platforms like Yahoo—with the entire industry converging around a unified customer lifecycle that begins with free-to-play fantasy and culminates in maximum-ARPU online casino games.</li><li>Underdog now has a sportsbook up and running in North Carolina, and they&#39;re figuring out how to launch across many states.</li><li>They&#39;re competing over the same customers at this stage with these products.</li></ul>

While DraftKings and FanDuel go upmarket into the even more valuable iGaming sector (70% margins vs. ~12% for fantasy and ~30% for sportsbooks) of online blackjack, poker, and slots, traditional casino operators like BetMGM head downmarket, launching their own sportsbooks and partnering with fantasy platforms like Yahoo—with the entire industry converging around a unified customer lifecycle that begins with free-to-play fantasy and culminates in maximum-ARPU online casino games.Underdog now has a sportsbook up and running in North Carolina, and they&#39;re figuring out how to launch across many states.They&#39;re competing over the same customers at this stage with these products.

Trevor John, co-founder Of Underdog Fantasy, On The Business Model Of Fantasy Sports