SMS Assist
SMS Assist is a facilities services company. Its platform, One by SMS Assist, connects businesses to a network of service providers.
Secondary Market Price
How SMS Assist Measures Up
To help you manage your SMS Assist equity, Prospect has run the company through our machine learning model.
Prospect Rating
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This rating reflects our belief in this company's potential to grow to that many times its current value in 4 years. For an employee with stock, this rating suggests a potential return on equity, but it also comes with some risk.
Exit Risk
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Our rating is a reflection of the likelihood of this company achieving a liquidity event for its employees based on the quality of investors, funding stage, founders, and more.
Funding Stage
Series D
A company’s funding stage reflects how established it is, how quickly it is scaling, and the average impact an employee may have when joining.
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Prospect Projected Future SMS Assist Prices
Prospect’s machine learning model has been trained on the same data top-tier investors use to project the likely range of outcomes for SMS Assist's equity. Create a free account to view 10th-90th percentile projections over 2, 4, and 6 years.
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Company Description
SMS Assist, founded in 1999, is a facilities management company that now operates as Lessen. The company provides property maintenance and management solutions for commercial and residential real estate clients across North America, including businesses in retail, banking, and restaurants. Its model utilizes a cloud-based technology platform to connect clients with a network of tens of thousands of service providers for services such as landscaping, snow and ice management, HVAC, floor care, and capital projects. Originally headquartered in Chicago, Illinois, the company grew its operations and in 2016, secured a $150 million Series D funding round.
A significant recent development for the company is its rebranding from SMS Assist to Lessen. This shift is accompanied by a continued focus on technology-driven solutions. For example, the company recently unveiled Aiden, an AI-powered platform for managing the maintenance lifecycle in real estate. Other recent activities include the appointment of an Executive Vice President of Commercial Sales and Key Accounts and the publication of a repair and maintenance benchmark report for the single-family rental industry, indicating a focus on data analysis and commercial growth.
- Pritzker Group Venture Capital
- Insight Venture Partners
- Goldman Sachs Investment Partners
- Co-Founder, Michael Rothman
- Co-Founder, Stephen Watkins
Peer Group Comparison
Vs Peer Group of >$4B Startups
Frequently Asked Questions
Joining Anduril as an employee is another way to acquire equity, typically through stock options included in compensation packages.
Is SMS Assist worth joining?
Deciding to join a startup like SMS Assist often involves weighing the potential of its equity compensation. Tools like Prospect can help you model different financial outcomes and compare your potential earnings against opportunities at other companies.
What should I do with my SMS Assist stock?
Managing your SMS Assist stock involves creating a strategy for exercising options and selling shares to maximize your returns while minimizing taxes. Platforms like Prospect can build a personalized plan based on your financial situation and the company's outlook.
Can you sell SMS Assist stock?
As a private company, you can typically sell SMS Assist stock during specific liquidity events like a tender offer or on secondary markets. Prospect offers tender offer tools and access to secondary market data to help you decide when and how much to sell.
How can I find the value of my SMS Assist stock?
The value of private stock like SMS Assist's isn't publicly listed, but it can be estimated using company valuations and secondary market data. Prospect uses proprietary models to help you forecast the future value of your shares.
What is SMS Assist's equity worth?
The worth of your SMS Assist equity depends on the company's future performance and eventual exit, such as an IPO or acquisition. To understand its potential value, you can use services like Prospect, which project a range of outcomes based on factors like funding rounds and market trends.
What is SMS Assist's stock ticker symbol?
SMS Assist is a private company, so it does not have a stock ticker symbol and is not traded on public stock exchanges. Ticker symbols are only assigned to companies once they become publicly listed through an Initial Public Offering (IPO).
Can I buy or sell SMS Assist stock?
As SMS Assist is a private company, buying its stock is generally limited to accredited investors in specific funding rounds, while selling is possible during company-approved tender offers or on secondary markets. Tools from Prospect can help you navigate selling opportunities to get the best price and minimize your tax burden.
What is the criteria to buy or invest in SMS Assist stock?
Investing in a private company like SMS Assist is typically restricted to accredited investors who participate in organized funding rounds. Employees may also acquire stock through their equity compensation packages, such as by exercising stock options.
