I wonder if this is related to the Carta scandal that recently happened. Just suspicious timing amongst the "startup elite crowd"
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LTSE shutters cap table management business (formerly captable.io)
31–36 of 36 posts
Re: LTSE shutters cap table management business (formerly captable.io)
#32LTSE Equity appears to be kind of a side project of the main LTSE Exchange which is not shutting down.
Note, however, that only a few hundred thousand shares trade on LTSE each day, for a market share of approximately 0.00%. https://www.cboe.com/us/equities/market_share/
but, like, holding things for the long term is the point of LTSE, taking market share by daily trading volume as a measure of succcess is exactly the sort of attitude the LTSE is trying to fight against lol
Re: LTSE shutters cap table management business (formerly captable.io)
#33editorialized title. this reads like "the LTSE is shutting down" whereas its basically LTSE getting out of their cap table business confusingly called "LTSE Equity", presumably following the Carta drama of a few weeks ago. core LTSE business is fine. it's also noteworthy that their chairman/founder Eric Reis is now also cofounder of Answer.ai, so perhaps his personal focus is shifting a bit? idk, probably reading too…
Title edited for clarity
oh thats nice of you! tip of the hat
Re: LTSE shutters cap table management business (formerly captable.io)
#34Earlier quoted context omitted.
Note, however, that only a few hundred thousand shares trade on LTSE each day, for a market share of approximately 0.00%. https://www.cboe.com/us/equities/market_share/
but, like, holding things for the long term is the point of LTSE, taking market share by daily trading volume as a measure of succcess is exactly the sort of attitude the LTSE is trying to fight against lol
Leaving aside whether or not that's a good goal, these venues NEED trading to happen through them in order to survive.
It's a bit like being a newspaper opposed to publishing new news articles everyday. That can be a goal, I guess, but its a newspaper that isn't going to last long.
Re: LTSE shutters cap table management business (formerly captable.io)
#35Welp, there goes another SaaS platform in our corporate ops toolchain. Anyone have a recommendation for a tool to handle the cap table for an early-stage cooperative with several hundred members that won’t cost us an arm and a leg? Excel?
Hi @Gaessaki - feel free to checkout cakeequity.com we are suited for early stage companies and provide the tools required without costing an arm and a leg. It's free to get started and check the platform out.
Re: LTSE shutters cap table management business (formerly captable.io)
#36Welp, there goes another SaaS platform in our corporate ops toolchain. Anyone have a recommendation for a tool to handle the cap table for an early-stage cooperative with several hundred members that won’t cost us an arm and a leg? Excel?
What is your budget? Curious what folks pay for this type of service and how the billing is structured. It seems like there's a gap to be filled between the recent Carta issues and now this.
Usually structured based on a couple of variables; 1. features required and 2. seats required