Carta

What's the best time to join a startup? Rex Salisbury is on the latest episode of The Data Minute podcast. He breaks down the difference between joining a Series A vs. a Series B startup. Listen for Rex’s personal cheat sheet on why someone shouldn’t become a VC, and should instead start a career in tech or become a founder. Peter Walker and Rex also discuss the state of pre-seed and seed markets, compare SaaS and fintech valuations, and so much more. Dive in to the full episode ? ???Watch here: https://lnkd.in/g4JD3pa9 ?? Listen here: https://lnkd.in/gkgSUtTF

SaaStr mode unlocked. ?????????? Thank you to everyone who came to our booth and to the SaaStr team for a great event. ?? Our CRO, Jeff Perry, and Brendon Cassidy ????, co-founder of Hifive ?? got to speak to fellow sales people, share advice, and answer your burning questions. Our CMO, Nicole Baer spoke about marketing in the age of AI and shared a stage with fellow CMOs, Carilu Dietrich (formerly at Atlassian), Denise Persson (Snowflake), and Gail Moody-Byrd (LinkedIn Sales Solutions). In case you’re wondering if Carta sock options are still a hit … we somehow gave out more socks than cookies. ?? All in, we spoke to thousands of you this week about equity management, startup compensation, valuations, tax, and so much more. We hope you left feeling confident in how to grow your business in a shifting market. ?? If you’ve read this far, tag someone you met at SaaStr this week and we'll send Carta socks to both of you (max of 10 … SaaStr nearly cleaned us out!) #SaaStrAnnual #SaaStr2024

Join Carta’s Policy Team for our monthly roundup of the key policy updates impacting the innovation economy.

?? ???????? ???????????????? ??????????????: ??????? ? No matter the election outcome, policymakers will focus on tax policy. The innovation ecosystem stands at a crossroads, and Carta's latest Election Outlook reveals how the 2024 election will?reshape U.S. tax policy. ? ???????? ????????????????????:?The clock is ticking on the Tax Cuts and Jobs Act of 2017 and without action, we're facing $4+ trillion in tax increases by 2026. ? ??????????????????????? ???? ??????????: Potential changes to the Qualified Small Business Stock (QSBS) tax credit, carried interest, and R&D expensing could significantly affect startups and investors. ? ???? ?????????????????? ????????????: Republicans will focus on economic growth through a TCJA expansion, whereas Democrats will advocate for tax "fairness" by pushing for higher rates for top earners and corporations ? ?? ???????? ??????????: New faces in Congress, leadership changes, and razor-thin margins complicate tax reform efforts. ? What will this mean for tax policy for the innovation economy??Find out in Carta’s latest Election Outlook: Tax. The brief will cover key aspects of the coming debate, including: ? Politics of tax reform ? Process considerations ? Expiring TCJA provisions and tax policies that will impact the innovation economy ? What to expect based on potential election scenarios ? #Election2024 #TaxPolicy #Innovation #Startups #VentureCapital

Is employee ownership expanding in private equity? Dive into the latest trends with our 2024 PE Ownership Report. Highlights: ?? The number of employee stakeholders on Carta has increased 172% since 2019, but the growth rate has slowed since 2022. ?? While most PE-backed companies have at least one employee equity owner, only about 20% have over 100. ?? PE-backed LLCs are increasingly issuing profits interest units (PIUs), particularly to employees, as a tool for equity sharing. Our data comes from thousands of PE-backed companies, providing an in-depth look at whether ownership structures are changing in private equity. #PrivateEquity #OwnershipTrends #CartaData #EmployeeOwnership

Thrilled to share Carta is on the Fortune Best Large Workplaces in Financial Services and Insurance for 2024 ?? Fortune decides who makes the list based on data from an employee survey which analyzed shared employee experiences. Shoutout to our Cartans and our customers for making us an ? award winning ? workplace.

Gearing up for SaaStr Annual 2024, and we’ve got a lot in store for you! ?? Join us for some great conversations and networking opportunities: ?? Don’t miss our sessions: - AMA: CRO Confidential with our CRO, Jeff Perry, and Brendon Cassidy, Founder of HiFive, on Wednesday, September 11, 1:00-1:25 PM, Outdoor Theatre. - If you can’t beat em, join em: considerations for marketers in the age of AI with our CMO, Nicole Baer, on Wednesday, September 11, 2:00-2:10 PM, Partner Stage. ?? Stop by booth SG205 for a sweet treat! Take a photo and watch it transform into a custom cookie, or grab a pair of our signature Carta socks. While you’re there, chat with our team about how Carta is helping companies scale and succeed. We can’t wait to connect with founders, investors, and SaaS leaders who are as passionate about growth as we are. See you at SaaStr! #SaaStrAnnual

The velocity of capital deployment has slowed quite a bit, particularly when comparing recent fund vintages. According to our VC Fund Performance report, cumulative capital deployment after 24 months dropped from 60% for the 2020 vintage to 43% for the 2022 vintage. This decline reflects a broader trend: investors are pumping the brakes on capital deployment as the private market continues its reset. With a slowing economy and greater market uncertainty, we're seeing more cautious investment strategies. For founders, this means longer timelines to secure capital, while investors are taking more time to evaluate opportunities. What are your thoughts on this shift? Is it a temporary slowdown or the new normal? #PrivateMarkets #VentureCapital #StartupFunding #CartaData #InvestmentTrends

We couldn’t be more excited to see this in Times Square! ???? A huge thank you to our friends at?Ramp?for the epic shoutout. We’re proud to be setting the new standard for private fund management and grateful to have partners like Ramp by our side. ?? Moments like this remind us how important collaboration is in driving the future of private markets. Here’s to continuing the journey together! ??

Over the past several years, the landscape of pre-seed rounds has transformed significantly. A dozen years ago, the concept of a SAFE (Simple Agreement for Future Equity) didn’t even exist—convertible notes were the norm for early fundraising. Today, SAFEs dominate the pre-seed market. In Q2 2024, 88% of all pre-seed deals on Carta were SAFEs, while only 12% were convertible notes—the largest quarterly split we've seen to date. This shift has significant implications for both early-stage founders and investors. SAFEs and convertible notes differ in structure and terms, which can have major financial consequences when startups eventually raise priced rounds. Carta’s Q2 report leverages data from over 100,000 funding events tracked since January 2020, offering a comprehensive look at these changes. ? Key insights from Q2 2024: ? Pre-seed rounds are shrinking. 73% of all pre-priced funding events in Q2 were less than $1 million, the highest rate in over three years. ?? ? 84% of SAFEs were post-money in Q2, giving investors a fixed ownership percentage, compared to just 19% of convertible notes. ? New Jersey startups raised 10.77% of all pre-seed capital from Q3 2023 through Q2 2024, compared to only 2.44% in priced rounds during the same period. For early-stage founders, understanding these trends is crucial. Carta Launch offers *free access* to our cap-table platform, along with tools to easily create and fund SAFEs, helping you navigate your own fundraising journey with confidence. Explore the full report for more insights, including comparative data on valuation caps, check sizes, and industry maps. ?? https://lnkd.in/gphcFeQg #PreSeed #StartupFunding #VentureCapital #SAFEs #Founders