Carta, which launched a private stock exchange CartaX to help employees and investors sell stock in private startups, is now valued at $6.9B
Launching an exchange to help employees and investors sell stock in private startups may seem an odd choice for this year, given the boom in public listings that promise imminent cashouts.
The Information
Related Coverage
- Finally, a private stock exchange Medium · Henry Ward
Discussion
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@rickheitzmann
Rick Heitzmann
on x
This is a huge step by @cartainc and @HenryWard that will tremendously benefit the startup community - especially founders and employees. Finally, a private stock exchange | by Henry Ward | Feb, 2021 | Medium https://henrysward.medium.com/ ...
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@coryweinberg
Cory Weinberg
on x
Carta's newly launched exchange facilitated shares of its own stock at prices that more than doubled its last private valuation Can it attract companies not named Carta to CartaX in a year when public markets are booming? New from @zoeSaintBernard & me: https://thein.fo/...
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@ychernova
Yuliya Chernova
on x
Carta finally launched its private-market CartaX by having its shareholders sell some $99.7M worth of its shares. The deal bumped up Carta's valuation to $6.9 billion, from $3.1B in its last primary round. Henry Ward's takeaways include: “Tender offers hurt employees” https://twi…
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@nolanchurch
Nolan Church
on x
the future of private market liquidity is finally here. congrats to @henrysward, @CKevers, @mikwu and all of my friends at @cartainc!! https://henrysward.medium.com/ ...
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@semil
@semil
on x
If you've ever tried to claim, obtain, and sell shares from startup M&A, you know that traditional brokerage businesses are running a racket, and that new platforms like AngelList and Carta, now with CartaX, could be $100B modern financial platforms.
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@andrewparker
@andrewparker
on x
Big congrats to everyone at Carta for pushing hard to bring CartaX to market. I am *so curious* to see how the late stage fundraising environment unfolds in the coming years now that this option is available. https://twitter.com/...
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@allen
Allen Gannett
on x
This is super super neat and I'm still wrapping my head around the implications especially with regard to late stage financings https://twitter.com/...
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@shaig
Shai Goldman
on x
An exchange for private stock , love to see it , great news for employees https://henrysward.medium.com/ ...
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@jaredmermey
Jared Mermey
on x
.@cartainc's CartaX will fundamentally change late round financing. The supply/demand equilibrium will fundamentally change. Essentially, a mini-IPO process every quarter. https://henrysward.medium.com/ ...
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@baburkhwaja
Babur Khwaja
on x
@cartainc launched a private stock exchange! Also, they shared interesting data on tender offers. — https://henrysward.medium.com/ ...
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@scottehartley
Scott Hartley
on x
Big day for @cartainc and the democratization of equity and ownership. Robinhood and $GME was so last week https://henrysward.medium.com/ ...
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@karimbhalwani
Karim Bhalwani
on x
Special props to @henrysward and the CartaX team for enabling former employees to sell shares of @cartainc through an intuitive and transparent auction process. Awesome milestone along the way to becoming a private stock exchange. https://henrysward.medium.com/ ... (1 of 2)
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@jstrauss
J-Strizzle
on x
This is super cool and will have ripple effects we can't possibly contemplate yet! Particularly interesting to think of how this could intersect with the SPAC trend. https://twitter.com/...
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@amir
Amir Efrati
on x
New: VCs' fav portfolio management app @cartainc just got 46x valuation multiple as it launched what it hopes will be Nasdaq of private shares. https://thein.fo/... via @zoeSaintBernard @coryweinberg
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@scottbelsky
Scott Belsky
on x
When you launch a marketplace that is demonstrably better for both buyers and sellers, the thing being sold also becomes optimized. In this case, the thing being sold is equity in private companies - a key driver for innovation across all industries. 💥 @henrysward & team. https:/…
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@zerobeta
Justin Paterno
on x
This felt inevitable for so long. I love how they took their time and I hope it wasn't rushed to compete with SPACs. I think it could add a ton of long term potential value across the private company landscape. https://twitter.com/...