6 ms·

Can you provide a reference to some news articles or other details on Carta sharing private cap tables? How did this data leak?

burcs 2y ago
It's actually mentioned in the article OP posted, but if you want to read more you can here: https://techcrunch.com/2024/01/07/carta-the-cap-table-management-outfit-is-accused-of-unethical-tactics-by-a-customer-after-it-tries-broker-a-deal-for-a-startups-shares-without-consent/ https://techcrunch.com/2024/01/07/carta-the-cap-table-manage...
mandevil 2y ago
It leaked to other people in the company, who were looking to use that information for a secondary market product that Carta had. Since they know everyone who owns stock in company X, they know exactly who to approach about selling stock in company X on their brand-new privately held company marketplace (without the companies permission). https://techcrunch.com/2024/01/07/carta-the-cap-table-management-outfit-is-accused-of-unethical-tactics-by-a-customer-after-it-tries-broker-a-deal-for-a-startups-shares-without-consent/ https://techcrunch.com/2024/01/07/carta-the-cap-table-manage... for more. After this was discovered and widely reported they sold their private secondary market to another company, because it was impossible to regain trust. They are also involved in trading lawsuits with former exec turned whistleblower for two different people. https://medium.com/@jerrytalton/when-your-company-tries-to-cancel-you-a93a9a8e5d86 https://medium.com/@jerrytalton/when-your-company-tries-to-c... is the former CTO's take on the situation. https://levyvinick.com/wp-content/uploads/2020/07/COMP-for-Damages-Kramer-w.-Attachment-2020.07.20_Endorsed.pdf https://levyvinick.com/wp-content/uploads/2020/07/COMP-for-D... is the former VP of marketing's filed lawsuit, I can't find a blog post from her.
- walrus01 2y ago
  Thank you, this is very helpful.

burcs 2y ago

It's actually mentioned in the article OP posted, but if you want to read more you can here: https://techcrunch.com/2024/01/07/carta-the-cap-table-management-outfit-is-accused-of-unethical-tactics-by-a-customer-after-it-tries-broker-a-deal-for-a-startups-shares-without-consent/ https://techcrunch.com/2024/01/07/carta-the-cap-table-manage...

mandevil 2y ago

It leaked to other people in the company, who were looking to use that information for a secondary market product that Carta had. Since they know everyone who owns stock in company X, they know exactly who to approach about selling stock in company X on their brand-new privately held company marketplace (without the companies permission). https://techcrunch.com/2024/01/07/carta-the-cap-table-management-outfit-is-accused-of-unethical-tactics-by-a-customer-after-it-tries-broker-a-deal-for-a-startups-shares-without-consent/ https://techcrunch.com/2024/01/07/carta-the-cap-table-manage... for more. After this was discovered and widely reported they sold their private secondary market to another company, because it was impossible to regain trust. They are also involved in trading lawsuits with former exec turned whistleblower for two different people. https://medium.com/@jerrytalton/when-your-company-tries-to-cancel-you-a93a9a8e5d86 https://medium.com/@jerrytalton/when-your-company-tries-to-c... is the former CTO's take on the situation. https://levyvinick.com/wp-content/uploads/2020/07/COMP-for-Damages-Kramer-w.-Attachment-2020.07.20_Endorsed.pdf https://levyvinick.com/wp-content/uploads/2020/07/COMP-for-D... is the former VP of marketing's filed lawsuit, I can't find a blog post from her.

walrus01 2y ago
Thank you, this is very helpful.