Carta

2023 was not an easy time to raise, with seed round deal count down 27% year-over-year, according to Carta data. Defying the odds, dataroomHQ, a platform that enables investors to evaluate companies, and companies to report and analyze their metrics, announced a $3.5M round, led by Oceans and Bling Capital, with Garuda Ventures, Cortical Ventures, and others joining the round. Founder Jeff Schwartz shared insights into the company’s fundraising journey and how they navigated the current market conditions: https://lnkd.in/guDYq6R2 We cover: ⏩ How a cold LinkedIn message led to an unanticipated term sheet ⏩ Filling out a round when a fundraising opportunity surprises you  ⏩ The decision to spend 1.5 years on R&D alone to build a “minimum remarkable product” and use that product to raise a round  ⏩ Using a product demo as the ultimate pitch Congrats to Jeff and the entire DataroomHQ team on your seed round! 🎉

🌅 How do our Account Directors start their day? 🌅 Everyone agrees that caffeine is a must, then it’s straight to ensuring client needs are met. 🔹 Check emails and Slack messages to address client needs promptly 🔹 Prep for client meetings to ensure every interaction is valuable 🔹 Prioritize time-sensitive tasks to keep everything running smoothly At Carta, we’re committed to providing exceptional service and support from the moment we start our day. Watch the video to get a glimpse into the daily routine of the Carta Fund Admin Account Directors. Learn more about how our account directors support you in achieving your goals: https://lnkd.in/gDfye8Rs #ClientExperience #FundAdmin #VC

As we approach the presidential and congressional elections in November, understanding the potential impact on private market regulation is crucial. Join us on Wednesday, July 31 for an insightful discussion with Anthony Cimino and Holli Heiles Pandol from Carta’s policy team and Brian McGuire, Policy Director at Brownstein Hyatt Farber Schreck. 📅 Date: Wednesday, July 31   🕒 Time: 10am PT / 1pm ET Policy is infrastructure. From tax reform to private market regulation, the upcoming elections will influence private market policy outcomes that impact how funds and small businesses operate. Carta’s Policy team will preview how the elections could shape key issues. Discussion highlights: ✅ Key policy areas to watch in 2025, including tax reform and capital market regulation ✅ How funds and small businesses can best navigate the shifting political and policy landscape ✅ How Carta and other private market leaders are engaging to drive the policy debate Don't miss this opportunity to gain a comprehensive understanding of the evolving political landscape and its implications for private market regulation. 🔗 Register Now: https://lnkd.in/eyXfiZ_E #PrivateMarkets #Regulation #Policy #Election2024 #CapitalMarkets #TechPolicy #TaxPolicy

👟 Venture-backed founders: you're in a marathon, not a sprint 👟 Sharing data on the journey from incorporation to key funding milestones. The charts below show the time to primary rounds for software startups. 🌱 𝗦𝗲𝗲𝗱 (includes priced seed rounds & SAFEs over $2M) ⏩️ Median: 1.8 years from incorporation; up 15% from 2019 🔄 𝗦𝗲𝗿𝗶𝗲𝘀 𝗔 ⏩️ Median: 3.1 years from incorporation; up 10% from 2019 ⏳ 𝗦𝗲𝗿𝗶𝗲𝘀 𝗕 ⏩️ Median: 4.7 years from incorporation; up 16% from 2019 📊 𝗦𝗲𝗿𝗶𝗲𝘀 𝗖 ⏩️ Median: 6 years from incorporation; slightly down from 2023 📈 𝗦𝗲𝗿𝗶𝗲𝘀 𝗗 ⏩️ Median: 8.1 years from incorporation Key takeaways ⤵️ 1️⃣ Startups are staying private longer. 2️⃣ Skipping stages is common. Progress can leapfrog us from seed to Series B. 3️⃣ Choose your co-founder(s) wisely. You may be building together for a long time. #VentureCapital #StartupGrowth #FundingMilestones #Entrepreneurship #StartupJourney

📊 State of Startup Compensation, H1 2024 📊 A few highlights from our latest report ⤵️ 1️⃣ Dynamic Movement: Over 60,000 hires and departures in the first four months of 2024 reflect a bustling startup landscape.    2️⃣ Geographical Shifts: Increased compensation in metro areas like Atlanta, Cincinnati, Pittsburgh, and Sacramento showcases changing compensation dynamics. 3️⃣ Salary Trends:    - Average salaries have held steady since late 2023.    - Significant increases for entry-level roles, while senior roles saw marginal changes. 4️⃣ Equity Packages: The average size of equity packages for new hires has stabilized after a significant decline in 2022 and 2023. 5️⃣ Hiring Trends:    - January 2024 saw fewer new hires compared to previous years.    - The total net headcount has remained flat, with notable growth in the energy, medical devices, and hardware sectors. 6️⃣ Layoffs and Departures:    - Layoffs have decreased significantly, with a 38% drop since January 2024.    - Voluntary departures have also seen a steady decline. 7️⃣ Company Composition:     - Less than 3% of venture-backed companies are at Series D or later, yet they account for 25% of headcount. At Carta, we leverage vast amounts of data from over 43,000 startups to bring you actionable insights. 📥 For a deeper dive, download the full report now: https://lnkd.in/gJ-p8gtV #StartupCompensation #StartupEcosystem #HiringTrends #EquityCompensation #SalaryTrends

Is it easier to build a business with less cash today? While some traditional expenses have decreased, new financial demands emerge. It's not just about reducing costs but reallocating resources effectively. —Kate Beardsley of Hannah Grey VC There are two major buckets to consider: talent and capital for customer acquisition. Even if you need fewer people, you still need a capable team to execute your vision and secure customers. —Peter Walker Watch the full episode to learn more about navigating the financial landscape of startups in 2024: https://lnkd.in/dnazwpTN #StartupInsights #VC #Entrepreneurship #StartupFunding

📽️ What Does an Account Director Do at Carta? 📽️ At Carta, our Account Directors play a crucial role in ensuring a seamless experience for our clients. Here’s what they want you to know about their work: 🔹 Your Quarterback: We are your main point of contact, guiding you through the Carta ecosystem. We want you to reach out to us as much as needed because that’s why we’re here. 🔹 Trusted Advisors: If you face a problem for the first time, odds are we’ve seen it before. We provide expert advice and quick solutions to help you move forward. 🔹 Comprehensive Support: Whether you have a product-related question, need a process update, or want the status of a capital call, we’ve got you covered. We advocate for you internally to ensure you have all the services you need. 🔹 Your Voice at Carta: We make sure everything runs smoothly so you don’t have to worry about accounting or other admin tasks. We’re here to make your experience with Carta as stress-free as possible. Learn more about how our fund admin team supports you in achieving your goals: https://lnkd.in/ghsBmrxV #FundAdministration

The Administration recently proposed its outbound investment rule, which would curtail U.S. investment related to key geographical regions that fund and support the development of key technologies. On this edition of Policy Live, the Carta team will be joined by a special guest, Jesse Sucher, former Senior Adviser to the Assistant Secretary for Investment Security at the U.S. Department of the Treasury, to discuss the rule. In addition to a deep dive on outbound investment, the Policy team will also dive into how the upcoming election will impact the evolving political landscape around private markets, and what it means for you, private funds, and the innovation ecosystem. Join Carta Policy Live at 12 pm (ET) on Friday, July 19 to learn more.

Carta 🤝 Kayne Anderson, a middle-market private equity firm with a 40-year track record and $35 billion in assets under management. Many of Kayne Anderson’s portfolio companies use Carta to manage their cap tables. When their growth capital team saw how Carta made life easier for those companies, they reached out to partner more closely. Working with standardized data and reports from Carta allowed Kayne’s investment team to stay on top of cap table information and generate quarterly reports more efficiently. “We already had some portfolio companies on Carta, so we decided to drive more adoption across the portfolio. That way, we could integrate some of Carta’s technology through the use of APIs to make our operational processes more standardized.” -Andrew DeYoung, Managing Director at Kayne Anderson “Carta definitely saves time. It’s always easier to work with a Carta cap table, because we know where everything is. You know exactly where to look when you’re looking at a Carta document.” -Ronald T. Pierre, Vice President at Kayne Anderson From managing complex equity structures to providing unparalleled transparency to their investment team, we’re excited for Carta’s partnership with Kayne Anderson. 🔗 Learn more about Carta’s support of this leading PE firm at the link in comments.

Management teams dream of ringing the stock exchange’s opening bell to announce their IPO. An IPO is the largest fundraising event a company will ever go through. But behind the picture perfect ending are years of hard work and preparation—from soliciting public company vendors, to preparing for the audit, to drafting the S-1.   Join Tom Keiser, Chief Operating Officer of Carta, and Michael Harris, Global Head of Capital Markets for the New York Stock Exchange on Tuesday, July 23 at 10am PT / 1pm ET for a discussion on what management teams need to think about as they consider taking their company public, including: ⏩️ Ways to IPO: traditional, direct listing, SPAC ⏩️ When to start preparing for an IPO ⏩️ What type of new vendors will a company need to engage when preparing for an IPO ⏩️ What can companies expecting an IPO do now? 📆 Register: https://lnkd.in/gNSGekvf