Facts of Chris Sacca
|Full Name||Chris Sacca|
|Birth Name||Christopher Sacca|
|Birth City||New York City|
|Birth Country||United States|
|Father Name||Gerald Sacca|
|Mother Name||Katherine Sacca|
|Spouse||Crystal English Sacca|
|No Of Children||3|
|Date of Birth||May 12,1975|
Who is Chris Sacca?
Christopher Sacca or popularly known as Chris Sacca is an American angel investor, entrepreneur, company advisor, and a lawyer. He is widely known as the founder of Lowercase Capital, a venture capital firm that invested in the early stage of companies like Uber, Twitter, Instagram, Kickstarter, and Twilio.
Before founding the Lowercase Capital, Chris was an employee at Google Inc., where he held several positions. In Google, he led the wireless department and alternative access.
His investment in start-up companies has placed him at #2 on Forbes's Midas List: Top Tech Investors for 2017. However that same year he announced his retirement from venture investing.
He was placed on Business Week's list of top 10 angel investors and was marked in the New Establishment list by Vanity Fair.
How did Chris Sacca become a Billionaire?
While he was still at the Georgetown University Law Center, Chris invested in stocks and managed to turn his $20,000 investment into $12 million in just a few years.
He also invested some for his friends and ended with a $4 million debt after the stock market crashed in 2000. Chris negotiated for his debt to be reduced to $2.125 million and paid it by February of 2005.
His first major investment was in Photobucket and he later put his $25,000 for funding Twitter. Photobucket was later bought by News Corp, for the price of $250 million.
Lowercase Capital Firm
Sacca started his venture capital firm Lowercase Capital in 2010 after closing his Lowercase Ventures Fund I, a seed fund worth $8.4 million. Via Lowercase, he invested in start-up companies like Twilio, Instagram, Stripe, and Kickstarter.
The American investor opened a $1 billion investment fund in 2010 to buy shares of Twitter form its stockholders, By 2011 his funds had purchased $400 million of the company's shares.
Sacca owned 18% of the company's shares in 2013, which raised the value of his investment to $1 billion. The funds he invested in Twitter made a profit of 1,500% and helped return $5 billion to its investors
He also invested $600,000 along with Lori Greiner in the 168th episode of Shark Tanks in 2017 for 5% of ToyMail.
How rich is Chris Sacca?
As of 2019, Chris Sacca has an estimated net worth of $1.2 billion, which he made mostly from his investments in companies. He owns 4% of Uber, a company that is worth $64.5 billion.
Earnings from Instagram
He has an Instagram account and his username is @sacca where he has more than 42.6k followers. According to calculations he is believed to earn $215.25 - $358.75 for every post.
Sacca's Environment-Friendly Homes
He owns a 5,000 sq ft house in Manhattan Beach which he bought for $5.25 million. Chris further spent $9.32 million to make the house that meets his eco-friendly needs. Chris and his wife two houses in the Manhattan area for which he reportedly paid a combined $10 million.
Sacca also bought a Mediterranean styled home for his parents in Los Angeles' South Bay area which is just 8 miles away from his residence in Truckee, California.
Chris paid $6.3 million for his home which he paid in 2014. A few months later he purchased a 3,400 square foot home in Carlsbad, California for $1.1 million.
He also owns a small cabin in the Northside of Lake Tahoe for which he paid $400,000.
Chris is associated with a lot of nonprofit organizations like the Tony Hawk Foundation, MIT Enterprise Forum Global Trustee, Aspen Institute, and The Giving Pledge.
He donated $150,000 to ACLU to support their cause to stop President Donald Trump from stopping the travel of people from Muslim nations.
He was born on 12th May 1975 in Lockport, New York, in the United States to father Gerald Sacca and mother Katherine Sacca. Chris has a brother named Brian Sacca. He is of American nationality and his ethnicity is white.
Sacca is a very educated man and studied at The Edmund A. Walsh School of Foreign Service. He also attended Pontificia Universidad Católica del Ecuador, Universidad Complutense, and the University College Cork. He graduated from Georgetown University in 2000.
44-years-old Chris is a married man and has been married to Crystal English Sacca, who is an author and a former advertising creative. Together they have three children, whose names are currently unknown.