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For the RSUs. Is there a buy-back program for shares? Taxes on these far out weigh the benefit. Carta with $150m of revenue is not worth over $1B and is clos
by adrr 4y ago
For the RSUs. Is there a buy-back program for shares? Taxes on these far out weigh the benefit. Carta with $150m of revenue is not worth over $1B and is closer to $500m if it went public right now. Use other fintechs that went public for comparison like Robinhood, Coinbase, Toast etc.
- dilyevsky 4y agoI could be wrong but carta should have much better margins than the two you mentioned so it should be closer to traditional 7-10x saas multiplier. Sometimes there are tender offers for rsus but usually you have to wait for trigger event, I don’t think RSUs are worse than say NSOs
- umeshunni 4y agoMost RSUs are double trigger and don't trigger taxes till an actual liquidity event
- eggbeater5000 4y agoNot here. Single trigger.
- adrr 4y agoI think you'll find that they are rare like NCOs with long expiration dates.
- naandanaan 4y agowhere are you getting the rev figure?