Prominent Startup Accuses Carta, the Cap Table Management Firm, of Unethical Tactics
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.
