Live data from Hacker News

Carta: When Your Company Tries to Cancel You

medium.com

21–30 of 44 posts

Re: Carta: When Your Company Tries to Cancel You

#23
post #11

> Ward’s reaction to the scandal was all too familiar: first, attempting to downplay the concerns; then, publicly attacking the person reporting them; then, rushing out a “thought leadership” puff piece that raised more questions than it answered; before finally pulling a 180 and announcing that the company would exit the liquidity business entirely…without ever explaining what had actually gone wrong, or how Carta w…

I’m fortunate not to know any really serious narcissists (I think), so maybe this makes no sense, but it’s interesting to me that 1, 2, and 3 in your list seem to roughly correspond to the first three stages of grief (denial, anger, bargaining)

Re: Carta: When Your Company Tries to Cancel You

#24
post #5

Here’s the text: If last week's shit-show was not the end of @cartainc , this definitely is * the sales representative who whipped his dick out at a company event, and was promoted a few weeks later. * you read the texts one manager sent to her Mom about an executive touching her under the table at a work dinner, let alone her claims that she was subsequently “admonished for ‘having her legs out’” and fired after she…

I have no idea whether any of that is true. If it’s not, Carta should sue the hell out them for libel. If it is, wow…

In the article, each of those items has a link to further supporting info.

Re: Carta: When Your Company Tries to Cancel You

#25
post #11

> Ward’s reaction to the scandal was all too familiar: first, attempting to downplay the concerns; then, publicly attacking the person reporting them; then, rushing out a “thought leadership” puff piece that raised more questions than it answered; before finally pulling a 180 and announcing that the company would exit the liquidity business entirely…without ever explaining what had actually gone wrong, or how Carta w…

You're on to something, for sure. The general outline of behaviors reminds me of https://en.wikipedia.org/wiki/DARVO

Re: Carta: When Your Company Tries to Cancel You

#26
post #22

What’s the go-to alternative? I’ve heard of Shareworks [1], but their sign-up process is nonsense. [1] https://www.morganstanley.com/atwork/cap-table-management

Pulley https://pulley.com/

Ah, I'd seen them put on a second tier due to the crypto affiliation. But that looks like it's only marketing now.

If anyone avoided them due to that, reconsider.

Re: Carta: When Your Company Tries to Cancel You

#28
post #15

Earlier quoted context omitted.

I highly doubt a guy getting sued by his former company would be stupid enough to post publicly things that he cannot demonstrate to be true (the truth being an absolute defence to libel).

That’s a compelling argument, and if I had to form an opinion today, that’s probably what I’d go with. On the other hand, people said recklessly idiotic stuff all the time. Some guy in the news today is in court to determine now much he owes a woman who successfully sued him, and he still kept saying wild stuff about her. Certain people seem pathologically incapable of STFU. The person who wrote the comments we're di…

But this guy was silent for over a year. If you look at his Twitter, he didn’t tweet, didn’t like tweets, just went dark for over a year. He didn’t speak to the media while his company tried to ruin him. I think he knows exactly when to speak up and shut up.

Re: Carta: When Your Company Tries to Cancel You

#29
post #3

From the original blog post: > I had joined as a Director with a single direct report, been promoted three times in two years to Chief Technology Officer, and then led engineering through a period of unprecedented growth to a team more than 400 strong. Carta had a 400 person engineering team? I know they raised a lot of money, but this seems like a lot of engineers for what I thought they did. Maybe they were explori…

> for what I thought they did At one point Ward was talking about taking out the global banks. Carta raised too much money and then didn’t know what to do with it.

I mean, the best thing to do if you've raised too much money is not spend it, but apparently this is not a common approach.
Post reply on HN