3 ms·

You mean someone chooses not to invest because your cap table is on Carta?

monero-xmr 3y ago
The root issue is that your cap table is a key piece of information and guarded zealously. If Carta is letting sales and marketing people access it, there is definitely a backdoor where connected people are using it for inside information - deciding who to invest and not invest in, inside information on competing VC firms, and likely actionable intel about acquisitions and corporate VC useful for insider trading. Carta has a honeypot of extremely sensitive information. If they are loose on who has access and for what purpose, then I find it almost certain that well connected VCs are getting information out. Something like this going on for so long will have a paper trail. Given the money at stake it's likely someone is going to get the subpoena power and figure it all out.
- logiduck 3y ago
  Seems like a stretch of the imagination. VC funding is already bone-dry so there are about 1000 different reasons not to get funding as it is. VCs are only investing in strong conviction plays. I'm skeptical that an investor would have strong enough conviction to want to fund you and then back out if you use Carta and put that in writing as the sole reason for not investing. Even then the onus is pretty big for demonstrating damages for lost opportunity rather than direct financial losses. For example if you called your broker to put in a trade and they missed it and the stock 10x the next day, your SOL even though there is a theoretical missed financial windfall. its a different story if you asked them to close a position, they didn't and then you lost money since the latter actually has tangible losses as opposed to missed theoretical gains.
  - monero-xmr 3y ago
    40k cap tables of VC backed companies in a variety of industries and verticals is valuable. If you sat in a room with this data for a few days I'm sure any smart person could think of interesting ways to monetize it. I believe this has occurred at Carta and the truth will come out, to Carta's detriment.

The root issue is that your cap table is a key piece of information and guarded zealously. If Carta is letting sales and marketing people access it, there is definitely a backdoor where connected people are using it for inside information - deciding who to invest and not invest in, inside information on competing VC firms, and likely actionable intel about acquisitions and corporate VC useful for insider trading. Carta has a honeypot of extremely sensitive information. If they are loose on who has access and for what purpose, then I find it almost certain that well connected VCs are getting information out. Something like this going on for so long will have a paper trail. Given the money at stake it's likely someone is going to get the subpoena power and figure it all out.

logiduck 3y ago
Seems like a stretch of the imagination. VC funding is already bone-dry so there are about 1000 different reasons not to get funding as it is. VCs are only investing in strong conviction plays. I'm skeptical that an investor would have strong enough conviction to want to fund you and then back out if you use Carta and put that in writing as the sole reason for not investing. Even then the onus is pretty big for demonstrating damages for lost opportunity rather than direct financial losses. For example if you called your broker to put in a trade and they missed it and the stock 10x the next day, your SOL even though there is a theoretical missed financial windfall. its a different story if you asked them to close a position, they didn't and then you lost money since the latter actually has tangible losses as opposed to missed theoretical gains.
- monero-xmr 3y ago
  40k cap tables of VC backed companies in a variety of industries and verticals is valuable. If you sat in a room with this data for a few days I'm sure any smart person could think of interesting ways to monetize it. I believe this has occurred at Carta and the truth will come out, to Carta's detriment.