Education

Equity 101 - Equity Basics for Founders

The following is an introduction to equity, stock options, and cap table management for founders. Understanding and managing equity can be daunting and confusing. With...

Education
Steven Kakowski

Understanding tax implications of tender offers

Why run a private tender offer? Venture funding has increased substantially over the last five years, making it easier for companies to raise money and...

Education
Andrea Lamari

Carta's 409A FMVs and valuation industry averages

Fair Market Value (FMV) as a percentage of Preferred Carta is the largest independent provider of 409A valuations in the country, and we understand our...

Education
Chad Willbur

Employment tenure at startups

By: Miguel Socias and Ry Sullivan That promising candidate finally agreed to join your startup. The contract ink is still wet, and there are smiles...

Product
Ry Sullivan

Carta's M&A Exits: 2017

In 2017, more than forty Carta clients exited through a merger or an acquisition. Half of the buyers were public companies and included Amazon, Google,...

Education
Steven Kakowski

83(i) Election Sample Form

The new tax bill created an election under Section 83(i) of the Internal Revenue Code. This election is available to qualified employees of private...

Education
Ray Raff

Rule 144 - Set your company up for long-term regulatory success with Carta

Tracing the history and ownership of securities presents problems for companies in the private and public markets because SEC Rule 144 stipulates that certain conditions...

Education
Kevin Diefendorf

How Carta helps with an IPO

After a tepid 2016 for new public stock listings, IPO volume has picked up slightly in 2017. But despite the recent underwhelming performances of newly-listed...

Education
Steven Kakowski

How Carta helps with M&A

In the North American market, 2015 and 2016 were record-setting years for merger and acquisition activity. While 2017 has not been as active, private companies...

Education
Steven Kakowski

What is vesting?

Vesting Basics A stock option gives an option holder the right to buy a set number of shares at a fixed price. To encourage employees...

Education
Steven Kakowski

A founder's introduction to equity

Disclaimer: I am not a financial advisor, and none of the advice below should be taken as legal or financial advice. I have worked with...

Education
Connor Bathen

Modernizing 409As

Software companies are modernizing 409A valuations. This shift is producing 409A valuations that are cheaper, more accurate, and more insightful than the old 409As. As...

Education
Nathan Parcells

The disappearing value of unexercised options

The startup community has seen some of its most valuable companies move towards increasing the Post-Termination Exercise Period (PTE). Unlike public companies, private stock suffers...

Education
Ray Raff

How to do 409A valuations in three highly disruptive industries

Chad Wilbur, Carta’ Head of Valuations, recently wrote a blog post on why startup valuations are broken. To summarize, 409a valuations use public market comparables...

Education
Jesse Klein

10 common cap table mistakes

Every cap table problem stems from two basic sources: lack of institutional control and excessive versions. Having to request your cap table from a law...

Education
Jesse Klein

What to look for in a 409A provider

Searching for a 409A provider can be a daunting task. As a new (or late) founder, knowing what to look for without the right guidance...

Education
Sara Raza

5 companies disrupting the PTE status quo

Post termination exercise window (PTE), the amount of time an employee has to buy their options after leaving a company, is a critical part of...

Education
Stephanie Van

Which cities have the highest startup valuations?

Silicon Valley used to be the only place to be a startup. If you wanted capital, access to talent and experienced investors you had to...

Education
Jesse Klein

Why you should be transparent about employee equity

Equity is one of the most valuable tools you have as a founder to attract talent to your startup. It is an opportunity applicants can't...

Education
Nathan Parcells

Negotiating Vendor Terms as a Startup CFO

Ken Stumder is the VP of finance of Bombfell. Bombfell is a subscription clothing service for men. Personal stylists select and mail clothes to their...

Education
Jesse Klein

NYC CFO Summit: Secondary Markets Panel

At our second CFO summit in NYC, we held a panel to discuss the intricacies of secondary markets. John Buttrick, a partner at USV gave...

Education
Jesse Klein

What to know about Tender Offers

This presentation is meant for educational purposes only. Carta does not provide legal, financial or tax advice of any kind, and nothing in this presentation...

Education
Jesse Klein

NYC CFO Summit: highlight reel

On June 16th, Carta held a CFO Summit in NYC. The goal is to connect a community of CFOs to gather insights and distribute advice....

Education
Jesse Klein

NYC CFO Summit: Kevin Weinman of Mohawk

In June, we held a CFO summit in NYC. Kevin Weinman, the EVP of Finance at Mohawk Group talked about the importance of debt to...

Education
Jesse Klein

NYC CFO Summit: Jack Sinclair of Stack Overflow

Jack Sinclair is a the CFO at Stack Overflow, an online community for developers. Their Q&A format on niche topics inspires 40 million...

Education
Jesse Klein

SF CFO Summit: expert advice on secondaries

Carta held a panel discussing secondary transactions at our CFO Summit in May. The head of our corporate business team, Alessandro Chesser moderated the discussion....

Education
Jesse Klein

The Increasing Pressures for Startup Revenue

As more startups and investors join Carta, high-level trends of the venture industry become easier to spot in our data. In a previous blog post...

Education
Miguel Socias