Chris Sacca

25 statements across 2 episodes · 8 bullish · 5 bearish · 2 people on the record · first statement Oct 8, 2018 by Michael Batnick · said 7 times in 2 episodes since 2018 · across every show →

On the record as a speaker too: Chris Sacca's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Ted Seides (4), Alexis Ohanian (3)

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every mention, scene by scene, with the transcript →

Everything said about Chris Sacca, oldest first

Oct 8, 2018 neutral
Assertion Supported
Batnick: Chris Sacca Passed on Airbnb, Snapchat, and Dropbox
“But he actually said no to three of the best potential investing opportunities. I think it was Airbnb, Snapchat, and Dropbox. It's not like they came to him. He looked at them and said, nah, no, no, no.”
Michael Batnick Oct 8, 2018 ▶ 23:44 Michael Batnick - The Best Investors and Their Biggest Mistakes (Capital Allocators, EP.71)
Jun 12, 2023
Insight
Sacca: Founders who do not help clean dishes lack startup empathy
“If they couldn't empathize with the host, how can I be helpful? Then it just shows somebody who is not equipped to build a startup because a startup is constantly about empathizing with your customer and your user, and then showing how can I make it easier for…”
Chris Sacca Jun 12, 2023 ▶ 39:07 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023 positive
Disclosure
Sacca: Lowercarbon team members are instructed to accept podcast invitations
“I also have this rule. If you get invited on a podcast, accept it, go on the pod. And as long as you say something that is true and authentic to yourself and accurately represents the values of our company, then you will not get in trouble for saying what you …”
Chris Sacca Jun 12, 2023 ▶ 1:00:03 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023 positive
Insight
Sacca: Investors cannot back founders without knowing their personal scorecard
“There is no doubt sharing space with people and breaking bread reveals a lot about who they are. What drives them? And you can't really back somebody until you know their ambition and what's on their personal scorecard.”
Chris Sacca Jun 12, 2023 ▶ 43:51 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023
Disclosure
Sacca discloses he and wife Crystal are LPs in over 100 funds
“Crystal, my wife and I, and we're business partners and we have an informal fund of funds. We're LPs and more than a hundred things.”
Chris Sacca Jun 12, 2023 ▶ 37:12 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023
Disclosure
Sacca turned student loans into $12M before going $4M in debt
“And I took my student loans and I turned them into twelve million dollars. But that twelve million dollars I didn't send. I just kept rolling it back in and held material positions in these two stocks. And then within a 10 day period, I say it's black swan, bu…”
Chris Sacca Jun 12, 2023 ▶ 16:44 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023 neutral
Disclosure
Sacca: Retired Lowercase Capital in 2016 at the peak of bankability
“When I retired lowercase, it was probably the most bankable I was. We walked away. Crystal and I retired it in 2016 to just say, This doesn't feel as compelling anymore for us personally. We don't love the impact we're having.”
Chris Sacca Jun 12, 2023 ▶ 44:15 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023 negative
Opinion
Sacca: No reason to hire a financial analyst again after GPT-4
“I don't know why I'd hire a financial analyst again. It's a job I value, but at the same time, this thing in moments spit back compound annual growth rate analysis.”
Chris Sacca Jun 12, 2023 ▶ 1:13:33 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023
Disclosure
Sacca: Invested $25K into Twitter while employed at Google
“I wrote a check into Twitter while I was still at Google for 25 K. And that was one of the things I needed that money back. So I would show up at the company and work my ass off to try and make it more valuable because that wasn't break off 25 to be polite sit…”
Chris Sacca Jun 12, 2023 ▶ 29:22 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023
Insight
Sacca: Founders should evaluate VC dilution exactly like granting employee stock options
“Every time a founder is considering taking money from a venture capitalist, there is the same process they should use when they're considering hiring an employee to whom they're going to give stock options. Every single time you're making the calculus is the a…”
Chris Sacca Jun 12, 2023 ▶ 32:09 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023 bullish
Insight
Sacca: Removing Carbon From Any Process Inherently Makes It Cheaper
“So anytime we remove carbon from a process, it just gets cheaper. Carbon has an inherent value. It's necessary for a lot of the stuff we do, And it has a monetary value. And so any way we could take it out of building a product or running a service, we just ha…”
Chris Sacca Jun 12, 2023 ▶ 49:05 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023 positive
Disclosure
Sacca: Lowercarbon opens its investment committee and memos to all employees
“The one all hands meeting we have is everyone in the company is invited to our investment committee. The lead on the deal or the co-leads on the deal present the deal, but everyone in the company has access to everything we've done. All the diligence, the deal…”
Chris Sacca Jun 12, 2023 ▶ 58:54 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023 negative
Disclosure
Sacca passed on Dropbox and Airbnb due to competition and safety fears
“I told the Dropbox guys that Google was going to crush them because we already had G Drive internally. I told the Airbnb guys that somebody was going to get raped or murdered and the blood was going to be on their hands when they were renting out a room in som…”
Chris Sacca Jun 12, 2023 ▶ 53:17 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023
Insight
Sacca: Investors must credit market timing on upside, question downside risk
“When things are going up, it's easy to convince yourself you're a genius. And when things go down, it's easy to tell yourself that it was bad luck. And so much of what we do for a living is inverting that. And when things are going up, giving yourself, hey, yo…”
Chris Sacca Jun 12, 2023 ▶ 15:40 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023 positive
Insight
Sacca: Free markets are the most powerful solution for climate change
“Bless the activists and everybody else who cares about it. But I actually think the market is the most powerful solution to the stuff we're doing. And I think for the very first time in my life, I can have a massive impact on the planet while also making a ton…”
Chris Sacca Jun 12, 2023 ▶ 1:05:24 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023 bullish
Disclosure
Sacca: Lowercarbon Capital is not concessionary; partners are largest LPs
“This is not concessionary capital. Crystal and I are the biggest investors in our fund. We are in this to make a lot of money.”
Chris Sacca Jun 12, 2023 ▶ 45:14 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023 positive
Opinion
Sacca: Silicon Valley judges talent on ideas rather than seniority
“I saw Silicon Valley as the place that was most based on merit and least on seniority. Being in DC, you get exposed to politics, and politics is so much about have you earned your keep? Have you put in the time? Have you served? Have you risen up through the r…”
Chris Sacca Jun 12, 2023 ▶ 12:53 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023 negative
Disclosure
Sacca: I avoid socializing with other VCs because they cloud my thinking
“I don't hang out with other VCs. I feel like they cloud my thinking.”
Chris Sacca Jun 12, 2023 ▶ 1:09:24 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023
Insight
Sacca: Focusing on negative downside over upside cost billions of dollars
“So the one mistake that I think has cost me billions of dollars is focusing on the negative case for an investment and not the positive likelihood.”
Chris Sacca Jun 12, 2023 ▶ 1:11:06 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023 negative
Insight
Sacca: Early angel deals fail when backing fixable companies over great ones
“The first few deals I did with my own individual money once I got out as an investor were garbage because they would come pitch me and I'm like, oh, I know how I can make this better because that's what I was used to doing at Google was just making things bett…”
Chris Sacca Jun 12, 2023 ▶ 30:41 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023
Disclosure
Sacca: Financed early angel investment in Photobucket using credit card checks
“At Google, I personally did the photo bucket investment using credit card checks.”
Chris Sacca Jun 12, 2023 ▶ 29:06 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023 bullish
Assertion Not checkable as stated
Sacca: Lowercarbon Portfolio Company Reached $120M Run Rate with 60% Margins
“We have a company that In the year, maybe three of the company was doing a hundred and twenty million dollar run rate selling a commodity, but because they make it with enzymes instead of oil and gas, they have 60% margins.”
Chris Sacca Jun 12, 2023 ▶ 48:21 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023 neutral
Assertion Not publicly verifiable
Sacca: Speedera rejected $950M buyout before raising at $30M valuation
“This is a company that had turned down a nine hundred and fifty million dollar acquisition offer because it wasn't a billion dollars. And eight months later, I was raising at a thirty million pre for that company.”
Chris Sacca Jun 12, 2023 ▶ 22:18 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023
Insight
Sacca: Best founders project calm inevitability of success, not aggressive pitching
“When you spoke with them, even as the company was in its earliest days, they spoke with the voice of the inevitability of the growth and success of the company. And they weren't selling you. It wasn't that their heart rate rose, and they were trying to convinc…”
Chris Sacca Jun 12, 2023 ▶ 40:52 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
Jun 12, 2023 negative
Disclosure
Sacca: We manage for return multiples, not IRR, and avoid credit lines
“I don't manage for IRR. I manage for multiples. So we don't run a line of credit, for instance. That would be a much better way to eke out another point of IRR, but that's not how I want to run the business.”
Chris Sacca Jun 12, 2023 ▶ 1:09:38 Chris Sacca – Hustling to Save the Planet at Lowercarbon (Capital Allocators, EP.321)
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