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“Fast forward to today, our business is broken down as follows: the captable business is about $250M/year, fund administration is about $100M, private equity is about $20M, and the secondary trading business is about $3M.”
Is that assumed to be yearly revenue? Earnings? Something else?
I do not understand why these have to be done through Medium posts.
When a company says something like: “Fast forward to today, our business is broken down as follows: the captable business is about $250M/year, fund administration is about $100M, private equity is about $20M, and the secondary trading business is about $3M.” Is that assumed to be yearly revenue? Earnings? Something else?
I have to commend them for making this decision and removing the conflict of interest.
However they didn’t address the fact that sales people had convenient access to data and how long & broadly that access was abused.
Edit: fixed “Linear CEO” to “CEO of Linear”
Earlier quoted context omitted.
What about an excel sheet?
I have a competitive product and excel is a very valid option but if you want automation for anything like this, you really need something like us hit me up on DM if you want a demo
I thought his responses were terrible and worthy of being fired over the weekend, but I am impressed with his quick action on this. I guess you can put me down as “neutral” towards this person.
If they shut it down, their claimed US$8 billion market cap goes poof, doesn't it? Maintaining cap tables as a service can't be good for more than a few million a year in revenue.
Separate of what did or didn’t happen here, I hope more companies crack the secondary market puzzle. The current environment really sucks for startup employee liquidity and might be going on for a lot longer.
What’s an alternative to Carta’s solution?