egressfeees in
Software Engineer
Carta valuation cut from $8.5B to $2B in secondary sale
Henry Ward the ceo posted earlier this year with revenue of $370M across captable management, fund administration, and other products.
This is a heavy blow amidst all the bad PR they've gotten too over time
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eightysixerSoftware Engineer
Most of the juice was in a product they wanted to launch where they'd allow people to sell their equity stakes pre-IPO - that's a product nobody really has, and they were in a unique position to facilitate those transactions on a scale nobody else could match.
But then they fumbled the bag on that by breaking customer trust, and announced they would permanently stop pursuing that product.
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