The big idea was to become the transfer agent, brokerage and clearinghouse for all private stock transactions in the world.
Roughly 15 months later, in late 2022, the company’s CEO, Henry Ward, told Axios that Carta was worth even more – $8.5 billion – following a separate secondary sale.
(He did not disclose how many shares were sold at this valuation or who bought them.)
Now, Carta is seemingly returning to its roots – and an earlier valuation that’s probably better suited to the business.
Over the years, Carta has raised roughly $1.2 billion from investors, according to the startups tracker Tracxn.
Robinhood’s new credit card was revealed Tuesday, and though it’s only available for Robinhood Gold members, the Gold Card does have a feature that’s spurring headlines: the ability to invest cash back bonuses into investments.
But what gives with tech companies getting into the consumer credit game?
You could argue that Robinhood’s choice to offer a card is just an extension of its already-expanding portfolio of financial products.
But Apple also has a card, recall.
And the tech giant is getting deeper into the realm of personal finance as time goes along.
The great EV boom is fading a bit, but that’s not a concern if you take a long-enough view.
Sure, Tesla expects slower growth for its car sales this year, and there are some indications that other companies are trimming their electric car plans, but there’s also reason to be optimistic.
If you take a look at some upcoming EVs, you may notice that the don’t look precisely like the current, bestselling gas-powered cars out there.
I reckon that that is for the best — when you swap power sources, you can shake up the rest of a vehicles design, right?
So two cheers for Rivian’s R3 and what Telo is cooking up, because their plans have me hype.
Spotify is enhancing its audiobooks streaming service with a feature that may be familiar to the app’s music consumers: Countdown Pages.
For audiobooks, the Countdown Pages will allow Spotify’s users to pre-save books ahead of their release.
With the addition of the new Countdown Pages feature, Spotify hopes to grow the service’s adoption further by tapping into its larger global user base of over 600 million listeners.
Otherwise, Spotify’s free users can now opt into a standalone audiobooks subscription for $9.99 per month, which debuted earlier this month.
Countdown pages for audiobooks will launch in all markets where Spotify’s audiobooks are available, including the U.S., U.K. Australia, Canada, Ireland and New Zealand.
Hello, and welcome back to Equity, the podcast about the business of startups, where we unpack the numbers and nuance behind the headlines.
This is our Wednesday show, in which we talk through the week’s leading startup and venture capital news.
This is a short week, but there’s still a lot to talk about:We’ll be back Friday morning!
Beeper, the app that brings iMessage to Android users, is implementing a fix that it says will allow users to once again access the service after Apple blocked it.
However, the fix requires you to have access to a Mac computer, or have a friend on Beeper with a Mac.
“This 1:1 mapping of registration data to individual user—in our testing—makes the connection very reliable,” the post reads.
“If you use Beeper Mini, you can use your Mac registration data with it as well, and Beeper Mini will start to work again.
Beeper says that in its testing, it found that 10-20 iMessage users can safely use the same registration data.
It seems that the public market is warming up to tech companies that have a track record of success and can justify their high prices. Take, for example, Facebook (FB).…
