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>Using our estimated 2021 revenue per member, applying 20% contribution margin and 21% tax rate, the return on capital of a site operating at 90% occupancy is 22% and increases to 27% if occupancy and margin improve.</li><li>To sense check on how much contribution margin can benefit from terminating lower quality sites, here is our illustrative calculation.</li><li>Scenario analysis shows that the business model is highly sensitive to the occupancy rate, a 5% drop in occupancy rate equals a $3B loss of equity value.</li></ul>

Using our estimated 2021 revenue per member, applying 20% contribution margin and 21% tax rate, the return on capital of a site operating at 90% occupancy is 22% and increases to 27% if occupancy and margin improve.To sense check on how much contribution margin can benefit from terminating lower quality sites, here is our illustrative calculation.Scenario analysis shows that the business model is highly sensitive to the occupancy rate, a 5% drop in occupancy rate equals a $3B loss of equity value.

WeWork Scenario Analysis, Risks, And Funding History