If so, ensuring your cap table and data room are pristine could be the difference between a smooth, swift raise and a drawn-out, costly process.
At TechCrunch Early Stage 2024, join Fidelity Private Shares’ session, “Preparing to Raise: Cap Table Best Practices to Help You Close Fast” to gain invaluable insights from industry experts.
Whether you’re a first-time founder or a seasoned entrepreneur, mastering cap table management is essential for a successful fundraising journey.
Meet the speakersKristen Craft, vice president and business partner manager at Fidelity Private Shares, brings a wealth of experience from both sides of the startup equation.
At Fidelity, she spearheads initiatives to support founders and investors with equity management tools, fundraising strategy, and go-to-market best practices.
A South Korean startup called QuotaLab is on a quest to follow in the footsteps of Carta, the cap table management company that’s used by a host of startups and investors in the U.S.Carta started life as “eShares” in 2012 as a cap table management service that startups could use to issue equity to their investors and employees.
Today, its stable of offerings has expanded to include everything from valuation and equity management, to bookkeeping, risk assessment and brokerage services.
A Y Combinator alum, QuotaLab also started off as an equity management service (called QuotaBook) for startups and investors in South Korea.
It also offers investment management such as investments, returns, asset changes, markdowns, valuations, accounting, e-approvals and risk management,” Choi added.
According to Choi, the equity management market has many sides you can tackle.
But a prominent customer is now accusing Carta of misusing sensitive information that startups entrust to the company in pursuit of its own goals.
The claim is raising wider questions about how Carta operates, even as Carta argues the incident was isolated.
Feeling betrayed by Carta, Saarinen wrote on LinkedIn, “This might be the end of Carta as the trusted platform for startups.
Ward also said the email to the Linear investor is not something that Carta condones.
The cap table business and the CartaX (private stock liquidity) business are separate business units with separate teams and leadership.
The deal is seen as a win for both companies, as Urgent.ly will get access to Otonomo’s large customer base while the latter can bolster its fleet of connected vehicles…
