-45%

est. 2Y upside i

Series A

We’re a technology company that partners with local Parks & Rec departments and community institutions to enable people to play more. We want to make it as easy as possible for everyone to access sports facilities, pick up new hobbies, and connect with their community through these activities.

Rank

#287

Sector

Recreation Management Software

Est. Liquidity

~5Y

Data Quality

Data: Medium

Rec presents a strong upside opportunity for a job seeker, driven by its position in a large, underserved market ($1.7B SAM) with low penetration and its modern AI-powered platform.

Last updated: March 10, 2026

Bull (35%)+350%

Rec successfully leverages its AI-powered platform to rapidly expand beyond its current 50 communities, capturing significant market share from legacy providers like ACTIVENet and RecDesk. Revenue grows to an estimated ~$75M by 2028, justifying a $337.5M valuation (4.5x current) as it approaches a Series C round.

Base (40%)+75%

Rec continues its steady growth, expanding its footprint to new municipalities while refining its platform and maintaining its competitive position. It achieves an estimated ~$30M in annual recurring revenue by 2028 and secures a Series B round at a $131.25M valuation (1.75x current).

Bear (25%)-80%

Rec struggles to overcome user complaints about booking effectiveness and faces increased competition from incumbents modernizing their offerings or new entrants. Growth stalls, leading to a down round or a flat acquisition at a significantly reduced valuation of $15M, wiping out most common stock value given the $18M in liquidation preferences.

Est. time to liquidity~5.0 years

Preference Stack Risk

high

Investors hold approximately $18M in liquidation preferences, representing 24% of the assumed $75M current valuation.

Dilution Risk

high

As a Series A company, Rec will likely require multiple additional funding rounds, leading to significant future dilution for common shareholders.

Secondary Liquidity

none

There is no indication of an active secondary market or tender offers for Rec's shares at this early stage.

Questions to Ask at the Interview

Strategic questions based on Rec's data — designed to show you've done your homework.

  • 1

    “Given the reported user complaints about booking system effectiveness and equity concerns, how is Rec addressing these issues to ensure broad community adoption and satisfaction?”

  • 2

    “With a SAM of $1.7B and only ~1% market penetration across all vendors, what are Rec's key strategies for accelerating market adoption and displacing entrenched legacy systems like ACTIVENet and RecDesk?”

  • 3

    “As a Series A company with $18M in total funding, what is the anticipated timeline for the next funding round, and how does the company envision the path to a liquidity event for employees over the next 3-5 years?”

Community

Valuation Sentiment

Our model estimates -45% upside. What do you think?

Anonymous. Do not share material non-public information.

Community Discussion

Comments are reviewed before they appear publicly.

0/2000

Loading comments...

Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.