How much is Chris Sacca worth? 120 crores USD
How did Chris Sacca earn his money and wealth?
Chris Sacca, real name Christopher Sacca, was born on 12 May 1975 in New York, US to Katherine Sacca and Gerald Sacca. He has an Italian descent from his paternal side while an Irish descent from his maternal side. He was raised in the suburb of Buffalo along with his younger brother Brian Sacca. Chris attended Lockport High School and later went to the State University of New York. he graduated as an Edmund Evans Memorial Scholar and a Weeks Family Foundation Scholar from The Edmund A. Walsh School of Foreign Service at Georgetown University in the year 1997. Afterward, Chris enrolled in Georgetown University Law Center and upon graduation, got the Philip A. Ryan and Ralph J. Gilbert Memorial Scholar honor.
Chris Sacca is not only an American entrepreneur but is also a company advisor, venture investor, and a lawyer. While he studied in law school, Chris started his own company with the help of his student loans but as this venture failed, he began trading in the stock market with the rest of the money he had. Later, due to a software flaw of online trading brokers in the year 1998, Chris earned $12 million from around $10-12 thousand dollars, however, as the market crashed, he ran into a debt of $4 million. He negotiated and paid $2.125 million by February 2005.
He started off his career as an associate at Fenwick and West, a law firm. In late 2001, Chris was laid off after which he spent the next couple of years struggling to get the right job. Eventually, Chris decided to rebrand himself and created the consulting firm called The Salinger Group which led him to earn consulting works that made him earn steady incentives and payments. He briefly worked at Speedera Networks after which he landed getting a job at Google as a Corporate Counsel in November 2003. He helped Google create data centers across the globe and with the help of his group.
Later in December 2007, he left Google and became an angel investor in Silicon Valley. Chris served as a professional advisor to several companies on varied matters such as raising money, optimizing their user experience, etc. He went on and made his first ever angel investment in the company Photobucket which was later acquired by News Corp. He made his second angel investment in Twitter and reportedly purchased as many of its shares as possible. Moreover, Chris also served as a professional advisor to companies such as Omnisio and helped them find buyers and other business strategies.
In December 2007, Chris established his venture capital firm called Lowercase Capital in order to fund as well as provide guidance to start-ups and other companies in the later stage. The firm became a success after which he collaborated with Matt Mazzeo of Creative Artists Agency in the year 2013. Chris appeared as a guest shark in the ABC reality show ‘Shark Tank’ in January 2015 and invested in the show’s 7th and 8th seasons as well. He announced his decision of retiring from ventures investing as well as the reality series in April 2017.
What are the highest grossing earnings of Chris Sacca?
- Estimated Annual Revenue of firm Lower Capital: $15.2 million
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