Carta doing unsolicited tender offer outreach to their customers' investors
1–10 of 87 posts
Re: Carta doing unsolicited tender offer outreach to their customers' investors
#2That’s brutal and a risk to startups managing their cap table with them. Exit signal.
Re: Carta doing unsolicited tender offer outreach to their customers' investors
#3Presumably it would be alright if the same type of email was sent to the CEO or President of the Board?
Re: Carta doing unsolicited tender offer outreach to their customers' investors
#4Re: Carta doing unsolicited tender offer outreach to their customers' investors
#5Don’t most private companies require board approval for secondaries? I wonder what you’d actually be buying here.
Re: Carta doing unsolicited tender offer outreach to their customers' investors
#6How close is this to insider trading? I'm not an expert by any means.
Re: Carta doing unsolicited tender offer outreach to their customers' investors
#7This is a good thing for employee-investors, right?
Re: Carta doing unsolicited tender offer outreach to their customers' investors
#8How close is this to insider trading? I'm not an expert by any means.
Not close because it does not involve a public company. Still seems shady.
Re: Carta doing unsolicited tender offer outreach to their customers' investors
#9Can someone explain this in simple language?
Re: Carta doing unsolicited tender offer outreach to their customers' investors
#10I’m having some trouble conceptualizing the notion where there’s a secondary market buyer of private company who’s obliged to transact at a given price, but might go higher.
Is the idea that a secondary market buyer struck a deal with Carta’s capital markets division that if Carta can locate shares of XYZ startup, then the buyer agrees to buy those shares at $x, but may pay the investor more if (for example) a higher price is a condition of the board’s approval of the transfer?