Observations
- Millionaire
Estimated Net Worth
- $455.2 M - $923.3 M
Salary
- Unknown
Employment
- Started 12/13/2022
Records
- OGE Form 278t (07/07/2023)
- OGE Form 278t (07/05/2023)
- OGE Form 278t (05/23/2023)
- OGE Form 278t (05/23/2023)
- OGE Form 278t (05/02/2023)
- OGE Form 278t (05/01/2023)
- OGE Form 278t (04/12/2023)
- OGE Form 278t (03/21/2023)
- OGE Form 278t (03/07/2023)
- OGE Form 278t (02/15/2023)
- OGE Form 278t (01/09/2023)
- OGE Form 278e (03/19/2022)
Financial Disclosure Details - OGE Form 278e (03/19/2022)
Positions Held Outside United States Government
# | Organization | City | Position | To |
|---|---|---|---|---|
1 | Spark Capital Partners LLC | Boston, Massachusetts | Managing Member | 1/2022 |
2 | Academia Inc. | San Francisco, California | Board Director | Present |
3 | Alfred Club Inc. | New York, New York | Board Director | Present |
4 | Splash | New York, New York | Board Director | Present |
5 | Chestnut Hill, Massachusetts | Member, Board of Trustees | Present | |
6 | Beaver Country Day School, Inc. | Chestnut Hill, Massachusetts | Member, Board of Trustees | Present |
7 | Southborough, Massachusetts | Member, Board of Trustees | Present | |
8 | BRS 2011 Revocable Trust | Weston, Massachusetts | Trustee | Present |
9 | LRS 2011 Revocable Trust | Weston, Massachusetts | Trustee | Present |
10 | BLS Capital Trust | Weston, Massachusetts | Trustee | Present |
Employment Assets & Income and Retirement Accounts
# | Description | Value | Income Type | Income Amount |
|---|---|---|---|---|
1 | Spark Capital Partners LLC | Salary | $757,200 | |
2 | Spark Capital Partners LLC | Guaranteed Payment | $8,344,951 | |
3 | Retirement Account - Spark Capital 401K | |||
3.1 | Fidelity Freedom 2035 Fund Class K Shares (FSNUX) | $1,000,001 - $5,000,000 | None (or less than $201) | |
4 | Family Irrevocable Trust | |||
4.1 | Sabet Family Holdings LLC | |||
4.1.1 | Brokerage Account #5 | |||
4.1.1.1 | Advance Auto Parts (AAP) | $500,001 - $1,000,000 | Dividends | $5,001 - $15,000 |
4.1.1.2 | Amazon (AMZN) | $500,001 - $1,000,000 | None (or less than $201) | |
4.1.1.3 | Booking Holdings (BKNG) | $100,001 - $250,000 | None (or less than $201) |
Employment Agreements and Arrangements
# | Employer Or Party | City | Status And Terms | Date |
|---|---|---|---|---|
1 | Spark Capital Partners, LLC | Boston, Massachusetts | Guaranteed Payments: As a former managing member of Spark Capital Partners, LLC, I am entitled to receive quarterly guaranteed payments from the following funds based on management fees from each fund, less each fund’s share of the operating expenses: Spark Management Partners IV, LLC (payments ending 2023); Spark Management Partners V, LLC (payments ending 2027); Spark Growth Management Partners, LLC (payments ending 2024); Spark Growth Management Partners II, LLC (payments ending 2027). My interest in these payments are fully vested. | 9/2005 |
2 | Spark Capital Partners, LLC | Boston, Massachusetts | 401(k) plan. I will continue to participate in this defined contribution plan. The plan sponsor will not make further contributions after my separation. | 9/2005 |
3 | Spark Capital Partners, LLC | Boston, Massachusetts | Health Care Plans. As a managing member, I was eligible to participate in the firm's benefit plans. These benefits include medical insurance (including vision coverage), dental insurance, and HSA. The premiums of the medical, vision, and dental plans were paid by Spark Capital. I was provided short-term and long-term life insurance and disability insurance, both of which had premiums that were covered by Spark Capital. As a former managing member, I am still eligible to participate in these plans. If I choose to participate in these plans, Spark Capital will make no further payments and I will pay the full amount of the premiums. | 9/2005 |
4 | Spark Capital Partners, LLC | Boston, Massachusetts | Health Care Hospital Membership. As a former managing member, I am eligible to access the Executive Registry Program at Massachusetts General Hospital via Spark Capital’s membership. As a former managing member, I am still eligible to have access to these services. I am not entitled to any reimbursement or other partial payment from Spark Capital. | 9/2005 |
5 | Spark Capital Partners, LLC | Boston, Massachusetts | Fringe benefits. I received payment for monthly parking and cellular service. I will no longer receive these benefits following my separation. Spark Capital offers tax preparation services and estate planning services, but I pay the full amount of these services. I will no longer receive these benefits following separation from the firm. Following my separation from the firm, I continue to receive secretarial services. I will no longer receive this benefit upon confirmation, but may pay Spark Capital to retain the services of my current secretary for personal non-official purposes. | 9/2005 |
6 | Spark Management Partners V, LLC | Boston, Massachusetts | Key man: Pursuant to my contract, I continue to serve as the key man for Spark Management Partners V, LLC. Pursuant to the limited partnership agreements for Spark Management Partners V, LLC, as soon as I assume my duties as Ambassador, my position as Key Man will automatically terminate. | 9/2005 |
7 | Spark Management Partners VI, LLC | Boston, Massachusetts | Key man: Pursuant to my contract, I continue to serve as the key man for Spark Management Partners VI, LLC. Pursuant to the limited partnership agreements for Spark Management Partners VI, LLC, as soon as I assume my duties as Ambassador, my position as Key Man will automatically terminate. | 9/2005 |
8 | Spark Management Partners, LLC | Boston, Massachusetts | Carried Interest: Pursuant to my contract, I retain carried interest in this fund. My percentage of the carried interest is fixed and fully vested. If the General Partner determines that cash or marketable securities should be paid out and they determine, based upon certain conditions, that the General Partner will receive a carried interest allocation, I would receive an allocation of the payment. | 9/2005 |
9 | Spark Management Partners II, LLC | Boston, Massachusetts | Carried Interest: Pursuant to my contract, I retain carried interest in this fund. My percentage of the carried interest is fixed and fully vested. If the General Partner determines that cash or marketable securities should be paid out and they determine, based upon certain conditions, that the General Partner will receive a carried interest allocation, I would receive an allocation of the payment. | 9/2005 |
10 | Spark Management Partners III, LLC | Boston, Massachusetts | Carried Interest: Pursuant to my contract, I retain carried interest in this fund. My percentage of the carried interest is fixed and fully vested. If the General Partner determines that cash or marketable securities should be paid out and they determine, based upon certain conditions, that the General Partner will receive a carried interest allocation, I would receive an allocation of the payment. | 9/2005 |
Sources of Compensation Exceeding $5,000 in a Year
# | Source | City | Duties |
|---|---|---|---|
1 | Spark Capital Partners LLC | Boston, Massachusetts | General Partner, Venture Capital Firm |
2 | Spark Management Partners IV, LLC | Boston, Massachusetts | Investment management |
3 | Spark Management Partners V LLC | Boston, Massachusetts | Investment management |
4 | Spark Management Partners VI LLC | Boston, Massachusetts | Investment management |
5 | Spark Growth Management Partners, LLC | Boston, Massachusetts | Investment management |
6 | Spark Growth Management Partners II LLC | Boston, Massachusetts | Investment management |
7 | Spark Growth Management Partners III LLC | Boston, Massachusetts | Investment management |
8 | Spark Management Partners II (AIV I), LLC | Boston, Massachusetts | Investment management |
Spouse's Employment Assets & Income and Retirement Accounts
# | Description | Value | Type | Amount |
|---|---|---|---|---|
1 | IRA Brokerage Account #2 | |||
1.1 | Advance Auto Parts (AAP) | $15,001 - $50,000 | None (or less than $201) | |
1.2 | Amazon (AMZN) | $15,001 - $50,000 | None (or less than $201) | |
1.3 | Charter Communications (CHTR) | $15,001 - $50,000 | None (or less than $201) | |
1.4 | Comcast (CMCSA) | $15,001 - $50,000 | None (or less than $201) | |
1.5 | Canadian Pacific Railway (CP) | $1,001 - $15,000 | None (or less than $201) | |
1.6 | Airbus (EADSF) | $1,001 - $15,000 | None (or less than $201) | |
1.7 | Meta Platforms (FB) | $15,001 - $50,000 | None (or less than $201) | |
1.8 | Alphabet (GOOG) | $15,001 - $50,000 | None (or less than $201) | |
1.9 | Lowe's (LOW) | $15,001 - $50,000 | None (or less than $201) |
Other Assets and Income
# | Description | Value | Type | Amount |
|---|---|---|---|---|
1 | Brokerage Account #1 | |||
1.1 | ISHARES MSCI ACWI ETF (ACWI) | $5,000,001 - $25,000,000 | $50,001 - $100,000 | |
1.2 | UBER TECHNOLOGIES INC (UBER) | $50,001 - $100,000 | None (or less than $201) | |
1.3 | VANGUARD LTD-TERM TX-EX ADM (VMLUX) | $1,000,001 - $5,000,000 | $50,001 - $100,000 | |
1.4 | VANGUARD TOTAL STOCK MARKET ETF (VTI) | $1,000,001 - $5,000,000 | $15,001 - $50,000 | |
1.5 | VANGUARD SHORT-TERM TX-EX ADM (VWSUX) | $1,000,001 - $5,000,000 | None (or less than $201) | |
1.6 | U.S. brokerage money market account (cash) | $5,000,001 - $25,000,000 | Interest | $201 - $1,000 |
1.7 | Treasury bonds | None (or less than $1,001) | Capital Gains Interest | $2,501 - $5,000 |
2 | Brokerage Account #2 | |||
2.1 | Advance Auto Parts (AAP) | $250,001 - $500,000 | None (or less than $201) |
Transactions
# | Description | Type | Date | Amount |
|---|---|---|---|---|
Nothing reported in this section | ||||
Liabilities
# | Creditor | Amount | Incurred | Term |
|---|---|---|---|---|
1 | USV Climate 2021, LP | $250,001 - $500,000 | 2022 | on demand |
2 | Overture Climate Fund I LP | $15,001 - $50,000 | 2022 | on demand |
3 | Shine Capital Opportunities Fund I | $50,001 - $100,000 | 2022 | on demand |
4 | Shine Capital II | $100,001 - $250,000 | 2022 | on demand |
5 | Lowercarbon Q>1 Opportunity, LP | $50,001 - $100,000 | 2022 | on demand |
6 | Lowercarbon 7.81, LP | $100,001 - $250,000 | 2022 | on demand |
7 | Shine Capital Advisor Fund I, LP | $15,001 - $50,000 | 2020 | on demand |
8 | Walnut Street Capital Fund I, LP | $10,001 - $15,000 | 2019 | on demand |
9 | Moxxie Ventures Fund I | $15,001 - $50,000 | 2019 | on demand |
10 | Lattice Ventures LLC | $10,001 - $15,000 | 2016 | on demand |
Gifts and Travel Reimbursements
# | Source Name | City | Description | Value |
|---|---|---|---|---|
Nothing reported in this section | ||||
Endnotes
Section | # | Description |
|---|---|---|
1 | 1 | Filer is now considered a Retired Long-Term Member of Spark Capital Partners LLC |
1 | 2 | Uncompensated |
1 | 3 | Uncompensated |
1 | 4 | Uncompensated |
1 | 5 | Uncompensated |
1 | 6 | Uncompensated |
1 | 7 | Uncompensated |
1 | 8 | Uncompensated |
1 | 9 | Uncompensated |
1 | 10 | Uncompensated |
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