Lowercase Capital is a venture capital fund that rose to prominence funding tech companies like Instagram, Twitter, and Uber. Its founder Chris Sacca is an entrepreneur, investor, and lawyer. He is also a former Google employee and guest investor on ABC’s Shark Tank. As of 2022, Chris Sacca has a net worth of $1.2 billion.
Early Life
Hailing from Lockport, New York, Christoper Sacca was born on May 12, 1975. His father, Gerald, is an attorney, while his mother, Katherine, is an author and professor. Brian, his younger brother, grew up to be a famous actor and comedian.
As a youngster his parents introduced him to a range of hobbies, which made him an exceptional student. He enrolled himself in Edmund A. Walsh School of Foreign Service at Georgetown University. Later on, he decided to continue his studies abroad.
In 1997, he graduated cum laude with a degree in foreign service. Sacca obtained his Doctor of Law in 2000, graduating cum laude in law and technology from the University of Georgetown.
Career Beginnings
In law school, Chris started his own company using his student loans, but it proved unsuccessful. After graduating, he became an Associate at Fenwick & West in Silicon Valley for more than a year before he was laid off.
He spent the next few months surviving as a freelancer doing voice-over work and drafting contracts. After founding The Salinger Group, a networking organization, he was hired by Speedera Networks.
Later Google recruited him to serve as Head of Special Initiatives, managing wireless divisions, and alternative access. He went to lead many of Google’s mergers and acquisitions to help them maintain their dominance as the leading search engine.
Rise to Success
While working at Google, Chris began investing in startups as an angel investor. His first investment was in Photobucket, an image hosting website and later invested in Twitter in its infancy. Sacca left Google in 2007 to focus more on angel investing in early-stage startups.
In 2010, he established his very own venture capital firm, Lowercase Capital. With it, he pumped money in tech startups like Kickstarter, Docker, Uber, and Instagram. Sacca co-founded his second company ten years later, Lowercarbon – with the goal of funding companies that make money while slashing their CO2 emissions.
The success of his ventures helped him become a guest investor on Shark Tank, where he has been in some heated arguments with fellow tech billionaire Mark Cuban. Despite heat on camera, the two remain good friends. However, when he retired from venture capital in 2017, he also decided to leave the show.
Net Worth and Earnings
In February 2011, Sacca’s funds had invested $400 million into Twitter and owned a 9% stake in the business. By the time Twitter went public in late 2013, his funds owned 18% of the social media site and their investment rose to $1 billion! Rather than retire after hitting a big return, he started another two venture capital firms.
He has financed 80 companies with Lowercase Capital and 50 with Lowercarbon. Moreover, there are his undisclosed earnings from his stint at Shark Tank. All these activities have allowed Chris Sacca to reach a net worth of $1.2 billion.
Personal Life
Chris Sacca is married to Lowercase partner and author Crystal English Sacca. The couple met at the University of Georgetown. Now, they are raising three children together. They own two homes, one in Big Sky, Montana, and one in Jackson, Wyoming.
