# David Sacks Holdings Structured map of [[David Sacks]]'s companies, exits, fund positions, and the conflict-of-interest surface created by his AI/Crypto Czar role. The people side is [[David Sacks First Degree Connections]]; the canonical [[David Sacks]] page carries the narrative. > Many positions are private and some were divested (or claimed divested) before government service. Figures as last reported in the vault (see [[David Sacks News Log]]). ## Operating companies & exits | Company | Role | Outcome | |---|---|---| | PayPal | First COO | Co-built anti-fraud systems with [[Peter Thiel]]; eBay acquisition | | Geni.com | Founder (2006) | Genealogy | | Yammer | Founder | Sold to Microsoft for **$1.2B** (2012) — the signature exit | | [[Zenefits]] | Interim CEO (2016) | Turnaround during regulatory crisis | | [[Callin]] | Co-founder | Acquired by [[Rumble]] | ## Fund: Craft Ventures [[Craft Ventures]] (~$3.3B AUM) is the institutional core. Invested in **20+ unicorns** including [[Palantir]], [[SpaceX]], Airbnb, Uber, Facebook, and Slack. Offices in SF, NY, and (since Dec 2025) Austin. ## Crypto positions - Early advocate; LP/backer in [[Multicoin Capital]] (2018) alongside [[Marc Andreessen]] and [[Chris Dixon]] — the Solana-focused fund returned **~100x**. - Divested **$200M+** in crypto holdings before taking the Czar role (Fortune, March 2025). ## The conflict-of-interest map (the load-bearing section) Sacks is one of the most documented conflict cases in the [[Second Trump Administration]] — detailed on the canonical page and in [[Defense Tech Conflicts of Interest]]: | Conflict | Detail | |---|---| | **449 AI companies** | NYT found Sacks remained invested in 449 companies with AI products despite the crypto divestment | | **Palantir classification trick** | Did not classify [[Palantir]] as an AI company (despite its AI marketing) to avoid recusal | | **Blanket ethics waiver** | White House waiver critics called "a presidential pardon in advance" | | **130-day overrun** | Warren/Stansbury investigation (Sept 2025) found he exceeded the SGE limit | | **Stepped aside Mar 2026** | Used up his 130-day allocation — but the policies he shaped remain in effect | ## Real assets & jurisdiction December 2025: opened a [[Craft Ventures]] Austin office and relocated personally to Austin, timed to California's proposed one-time wealth tax — tax-flight reading over the All-In governance-grievance framing. See [[California Tech Exodus Ecosystem]]. ## See Also - [[David Sacks]] — canonical biography - [[Craft Ventures]] · [[Multicoin Capital]] · [[Rumble]] - [[Defense Tech Conflicts of Interest]] · [[Crypto-Political Machine]] - [[David Sacks First Degree Connections]] - [[David Sacks Dossier]]