Earlier quoted context omitted.
Is that too little? Too much?
That’s a lot. I had no idea that a well-oiled Excel-as-a-Service could be so lucrative.
I think that's pretty much all SaaS; well-oiled Excel-as-a-Service
Carta to exit secondary trading business
91–100 of 117 posts
Re: Carta to exit secondary trading business
#92Earlier quoted context omitted.
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
Just post a link and tell us why we should trust you. It's an appropriate time/place for you to self-premote imo.
Https://investorportalpro.com
Re: Carta to exit secondary trading business
#93Re: Carta to exit secondary trading business
#94I've heard there are some European companies that started to join the equity management game. products like Nimity are bound to respect the EU data protection regulations, so they might be a solution of how to avoid such data breach issues.
Re: Carta to exit secondary trading business
#95Earlier quoted context omitted.
What about an excel sheet?
Some VCs will withhold investment until you use a product like Carta or Pulley. Cap table in Excel carries major risk. (And yes, Carta/Pulley are often portcos of those VCs pushing you to use them)
As a seed VC, I still see a majority of Excel cap tables over Carta. (Pulley / Shareworks is even rarer).
Re: Carta to exit secondary trading business
#96I’m CEO of Linear who raised the alarm on this. 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”
I'm a former employee of a place that did Carta. Employees are already left in the dark about the cap table, liquidity preferences, venture debt, and the C-Suite's relationship with the Board. Based on this exchange, I'd now see usage of Carta as a red flag when looking at any new start-up. Maybe Schwab or Shareworks are ok (Shareworks has been fine in my own experience). The investors are already doing hyper-leverag…
I've worked on some companies that used Carta.
In some of them, I had access to cap table, preferences, total raised debt, etc.
In others, I could see only my number of options and their strike price.
Is up to the company how much they want to share, Carta can be used on both ways.
Re: Carta to exit secondary trading business
#97What does carta do that a spreadsheet can’t? I don’t understand how that can be so hard you pay an entire company to manage it.
You know the answer, you just don't want to believe it. Something trivial to you might be non-trivial to someone else and vice-versa.
Re: Carta to exit secondary trading business
#98I’m CEO of Linear who raised the alarm on this. 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”
They did address it... by completely eliminating the department. They didn't deep dive retro it, but in that, we know the answer.
No, there is no acknowledgement that anything undue ever happened. Only that business in this department hasn't been financially successful and that customers could have concerns.
Nothing about those concerns actually being valid. This is vague misdirection at best.
Re: Carta to exit secondary trading business
#99I’m CEO of Linear who raised the alarm on this. 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”
They did address it... by completely eliminating the department. They didn't deep dive retro it, but in that, we know the answer.
Stop doing the possibly illegal thing, and hope that nobody takes it further I guess.
Re: Carta to exit secondary trading business
#100I’m CEO of Linear who raised the alarm on this. 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”
I'm a former employee of a place that did Carta. Employees are already left in the dark about the cap table, liquidity preferences, venture debt, and the C-Suite's relationship with the Board. Based on this exchange, I'd now see usage of Carta as a red flag when looking at any new start-up. Maybe Schwab or Shareworks are ok (Shareworks has been fine in my own experience). The investors are already doing hyper-leverag…
I worked for a startup where I repeatedly asked basic questions to estimate the value of my shares. I never got a straight answer. So I applied to a FAANG and got in. When I was onboarding the FAANG asked what my shares I was leaving behind were worth (they take this number and use it to calculate starting bonus). I had no idea, gave an honest estimate, and later found out that I had given them a number about 60% lower than the true value. I'll never forgive the startup execs for keeping me in the dark, or ever work for a company again that doesn't make that information freely available. One of my favorite memories was walking out the door of that place.