Jan 12, 2024 · The Carta debacle, explained. Drama unfolded surrounding Carta, a hot startup accused of misusing confidential data. Subscribe to The Hustle ...
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People also ask
What is the Carta scandal?
The recent controversy involving Carta revolves around a breach of trust. Linear CEO Karri Saarinen publicly accused Carta of inappropriate outreach, alleging that Carta's brokerage arm contacted one of Linear's angel investors without authorization.
What's going on with Carta?
Carta CEO Henry Ward claimed that an employee had violated internal policies, affecting three companies, including Linear. He also said Carta had launched an investigation and reached out to the impacted founders, and on Monday, that it would be exiting its secondaries business entirely to avoid conflicts of interest.
Jan 12, 2024
What did Carta do?
Carta eventually admitted to an internal breach of protocol, impacting more than one customer, and decided to shut down its secondary trading business. This debacle sheds light on the delicate balance between business expansion and ethical boundaries.
Sep 19, 2020 · This week's story on failure is on Fab.com ... The Carta ... Website Accessibility; Manage Cookies.
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Sep 27, 2023 · Machine-aided translation tools are worth testing, but an overreliance on them is another potential problem to track. Journalist Izadeli ...
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Jan 12, 2024 · But the problem seems to be that Carta's $8 billion valuation hinged a great deal on its brokerage business scaling up. So investors will begin ...
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A teapot next to Carta's logo on a blue background. The Carta debacle, explained. Juliet Bennett Rylah. Updated 1/12/24. A person holds a stack of folded ...
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Founders want control over the price, who buys the shares, who can sell, etc. Carta and other companies so far haven't been able to solve this problem on mass ...
Feb 6, 2024 · Can AI predict your death? Jan 13, 2024. The Carta debacle, explained. Jan 12, 2024 ...