/
Navigation
Chronicles
Browse all articles
Explore
Semantic exploration
Research
Entity momentum
Nexus
Correlations & relationships
Story Arc
Topic evolution
Drift Map
Semantic trajectory animation
Posts
Analysis & commentary
Pulse API
Tech news intelligence API
Browse
Entities
Companies, people, products, technologies
Domains
Browse by publication source
Handles
Browse by social media handle
Detection
Concept Search
Semantic similarity search
High Impact Stories
Top coverage by position
Sentiment Analysis
Positive/negative coverage
Anomaly Detection
Unusual coverage patterns
Analysis
Rivalry Report
Compare two entities head-to-head
Semantic Pivots
Narrative discontinuities
Crisis Response
Event recovery patterns
Connected
Search: /
Command: ⌘K
Embeddings: large
TEXXR

Chronicles

The story behind the story

days · browse · Enter similar · o open

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

Discussion

  • @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/ ...
  • @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/...
  • @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…
  • @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/ ...
  • @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.
  • @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/...
  • @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/...
  • @shaig Shai Goldman on x
    An exchange for private stock , love to see it , great news for employees https://henrysward.medium.com/ ...
  • @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/ ...
  • @baburkhwaja Babur Khwaja on x
    @cartainc launched a private stock exchange! Also, they shared interesting data on tender offers. — https://henrysward.medium.com/ ...
  • @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/ ...
  • @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)
  • @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/...
  • @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
  • @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:/…
  • @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/...