Christopher Sacca (born May 12, 1975) is a former American venture investor, company advisor and entrepreneur as well as a former lawyer. He is the proprietor of Lowercase Capital, a venture capital fund in the United States that has invested in seed and early-stage technology companies such as Twitter, Uber, Instagram, Twilio, and Kickstarter. As of 2017, he has appeared as a “Guest Shark” on ABC’s Shark Tank.
Early life
Sacca was born and raised in Lockport, New York. His father was an attorney, and his mother was a professor at SUNY Buffalo State and author in the field of education. His younger brother is actor/comedian Brian Sacca. Sacca describes his parents as being very involved in his upbringing and being exposed to a variety of interests: he recalls being pulled out of school to go to science museums or to listen to a specific author read at a book store.
Sacca is of Italian descent on his father’s side originating from Calabria, Italy and of Irish descent on his mother’s side.
Education
Sacca attended Lockport High School in Lockport, New York. He studied advanced mathematics at the State University of New York at Buffalo for six years of graduate-level mathematics classes. Sacca was on the honor roll for 12 straight marking periods. He has stated that by 11th grade he was “burned out” and pursued a college degree where there would be “no math.” He and his brother often spent what he calls “sweet and sour” summers where each year his parents would assign one fun or cool job (sweet) for the first part of the summer but then a construction job (sour) at the end.
Sacca attended The Edmund A. Walsh School of Foreign Service at Georgetown University in Washington, D.C. He spent semesters abroad at the Pontificia Universidad Católica del Ecuador in Quito, Ecuador, University College Cork, in Cork, Ireland, and the Universidad Complutense in Madrid, Spain. He graduated in 1997 with honors and was an Edmund Evans Memorial Scholar as well as a Weeks Family Foundation Scholar. Sacca attended Georgetown University Law Center, where he graduated with a Juris Doctorcum laude. He was a member of The Tax Lawyer law review and was honored as the school’s Philip A. Ryan and Ralph J. Gilbert Memorial Scholar. He says he managed to graduate without attending class. In order to obtain class notes, he threw an annual keg party where entry required classmates to dump their notes in a bin.
During law school, Sacca used his student loans to start a company which was unsuccessful and used what was left to start trading on the stock market. By leveraging trades for significant amounts (discovering a flaw in the software of online trading brokers) he managed to turn 10–20 thousand dollars into 12 million dollars. Eventually, when the market crashed, Sacca found himself in debt with a four million dollar negative balance. He negotiated to have it reduced to just under 3 Million and by February 2005 it was completely repaid.
Summary
| Chris Sacca | |
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Chris Sacca at Defrag 2009 in Denver
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| Born | Christopher Sacca May 12, 1975 Lockport, New York, U.S. |
| Education | B.A. and J.D. Georgetown University |
| Occupation | Proprietor of Lowercase Capital |
| Net worth | US$1.21 billion (May 2017) |
Source:wikipedia