Single Family Office

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SavedPlus

SavedPlus is the family office of David Sacks, the former PayPal COO who sold Yammer to Microsoft for $1.2B and co-founded Craft Ventures.

SavedPlus

SavedPlus is the private investment vehicle for David Sacks, the entrepreneur and investor who served as PayPal's founding COO and later founded Geni.com and Yammer. The wealth fueling SavedPlus derived primarily from Yammer's 2012 acquisition by Microsoft for $1.2 billion in cash, a milestone transaction that cemented Sacks's status among Silicon Valley's most prominent operator-investors. The office shares its mandate and deal flow infrastructure with Craft Ventures, the San Francisco-based venture firm Sacks co-founded with Bill Lee and Jeff Fluhr. SavedPlus deploys capital predominantly through Craft Ventures, which targets early-stage software companies across enterprise SaaS, marketplaces, digital health, and fintech. Craft funds have backed companies including Reddit, CloudKitchens, SpaceX, Bird, and ClickUp, with the firm's investment team prioritising product-led growth businesses founded by repeat entrepreneurs. Co-investment vehicles enable SavedPlus to participate directly alongside Craft's institutional limited partners, blending family-office flexibility with venture-firm sourcing and operational support. Geographic exposure is concentrated in the United States, particularly the Bay Area, with select positions in Israel and Europe. Team structure at SavedPlus is lean, with Sacks serving as the key decision-maker and investment committee composed of Craft Ventures partners. The office does not publicly disclose its total deployment, though Craft Ventures has raised over $2 billion across multiple funds as of 2024. SavedPlus maintains no separately branded real-asset arm or philanthropic foundation, though Sacks has participated in donor-advised giving and public policy commentary. In May 2024, Craft Ventures announced the close of Craft Ventures IV at $1.2 billion, signalling continued scaling of the platform through which SavedPlus executes its venture strategy. The structural differentiator for SavedPlus is the tight operational integration between a single-family office and a professionally managed venture firm. Unlike family offices that act as limited partners in external funds, SavedPlus operates through a general-partner vehicle where Sacks holds both personal capital and managerial control. This architecture collapses the typical separation between principal and agent, allowing investment decisions to move at founder speed while drawing on Craft's deal-sourcing network, partner expertise, and institutional-grade due diligence processes normally unavailable to stand-alone family offices.

General information

Firm type

Single Family Office

Year founded

AUM

Undisclosed

Location

Region

Country

City

Corporate office

Frequently asked questions

Who runs investment decisions at SavedPlus?

David Sacks, the former PayPal founding COO and Yammer founder, serves as the principal decision-maker for SavedPlus. Sacks co-founded Craft Ventures in 2017 alongside Bill Lee and Jeff Fluhr, and the firm's partnership structure informs how SavedPlus evaluates and executes investments. The office operates with a streamlined governance model that reflects Sacks's operator background, enabling rapid commitment decisions on early-stage technology companies.

How is SavedPlus structured in relation to Craft Ventures?

SavedPlus functions as the family-office vehicle through which David Sacks deploys personal capital, while Craft Ventures serves as the institutional venture firm where he is a co-founder and general partner. This creates a unique arrangement: SavedPlus co-invests alongside Craft's limited partners in fund-level commitments and direct deals, benefiting from the firm's sourcing infrastructure without creating a separate, standalone family-office investment team. The boundary between the two entities is operational rather than legal, with significant overlap in deal evaluation and portfolio support.

What investment stages does SavedPlus typically target?

Through its integration with Craft Ventures, SavedPlus concentrates on seed and early-stage venture investments in technology companies. Craft's stated strategy targets product-led, capital-efficient software businesses at the Series A and B stages, though the firm reserves capital for follow-on investments in breakout portfolio companies. This stage focus reflects Sacks's own experience founding and scaling venture-backed software companies.

Which sectors does SavedPlus focus on?

SavedPlus, via Craft Ventures, invests primarily in enterprise SaaS, digital marketplaces, and consumer technology platforms. The portfolio spans collaboration software, developer tools, fintech infrastructure, digital health, and frontier technologies, with notable positions in SpaceX and Reddit. The office does not actively pursue biotech, hardware, or capital-intensive industrial sectors where the firm lacks domain expertise.

Where does the underlying wealth come from?

The wealth managed by SavedPlus originated from David Sacks's career as an operator and founder. The largest liquidity event was Microsoft's $1.2 billion acquisition of Yammer in 2012, where Sacks served as founder and CEO. Prior to Yammer, Sacks was the founding COO of PayPal, which was acquired by eBay for $1.5 billion in 2002, and founded Geni.com, a genealogy platform later merged into MyHeritage. Investment returns from Craft Ventures funds represent a growing secondary source of wealth.

Does SavedPlus participate in fund commitments or only direct deals?

SavedPlus participates in both fund commitments and direct co-investments through Craft Ventures. The office's capital is deployed into Craft's flagship venture funds, providing exposure to a diversified early-stage portfolio, while also enabling direct co-investment alongside the firm in select companies. This dual approach allows Sacks to benefit from Craft's portfolio construction discipline while concentrating capital in high-conviction positions.

Does SavedPlus maintain philanthropic structures?

SavedPlus does not publicly maintain a separately branded charitable foundation or donor-advised fund vehicle. David Sacks has engaged in individual philanthropic giving and public policy advocacy, but the office's primary function remains investment management rather than structured philanthropy. No dedicated philanthropic staff or grant-making program has been publicly documented as part of the SavedPlus entity.

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