Carta

🚀 Top 10 US Cities for Pre-Priced Rounds: Jan '23 - May '24 🚀 Our latest Data Snap highlights the top US cities where founders are securing funding using SAFEs and convertible notes. 📊 🔝 The Bay Area leads the charge with a staggering $1.57B raised, followed by New York with $776M and Los Angeles with $383M. 💰 Looking at SAFE vs. Note, the Bay Area (tied with D.C.) saw 87% of pre-priced rounds structured as SAFEs, followed by Miami at 84% and New York at 81%. 📍Ranking is by total capital invested, with these criteria: • SAFE or note raised between Jan 2023 and May 2024 • All before any priced rounds (includes "pre-seed", "friend & family", "seed on SAFE") • City is based on company HQ, not investor location • All data from companies using Carta, including our free Carta Launch program SAFEs continue to dominate the startup fundraising landscape, especially in key innovation hubs. It's clear that early-stage founders are leveraging these flexible, founder-friendly instruments to fuel their growth. 🌱 #startupfunding #venturecapital #SAFEs #ConvertibleNotes #BayArea #NYC #Miami #Austin #LosAngeles #Boston #Seattle #WashingtonDC #Chicago #Denver #CartaData #Founders

2024 got off to a slow start, but Q2’s positive movement along multiple metrics could mean that better days are coming for U.S.-based startups. Our latest State of Private Markets Report is out now. Here are some highlights ⤵️ 📈 Companies on Carta completed 1,287 new funding rounds in Q2, up 4% from Q1 2024. VCs invested a total of $20.9B, up 12% from Q1. Both of these numbers will increase as more Q2 data is reported. 🌉 The rate of down rounds across stages fell from 24.2% to 17.4%, a six-quarter low. Bridge rounds also fell for Series A through C. 🗽 Startups based in the Northeast increased their share of VC cash from 20% in Q1 to 25% in Q2. The New York Metro Area brought in $3.6 billion this quarter, a notable increase from Q1. A snapshot of the data is below. The full report is here: https://lnkd.in/gf-g8_zp

Celebrating our recognition on the Forbes #Cloud100 list today. 🥳 We’re honored to be included alongside so many of our partners and customers. Congrats to you all. A big thanks to Forbes, Bessemer Venture Partners, and Salesforce Ventures for the recognition.

With venture capital tightening and economic uncertainties on the rise, how should founders manage their financial health to ensure longevity and growth? In the latest episode of The Data Minute, we welcome Waseem Daher (Cofounder and CEO, Pilot.com) to dive into all things finances for startups, including data from Pilot’s founder salary report. Together with Peter Walker (Head of Insights at Carta) they’ll cover: ⏩️ Runway management ⏩️ Calculating founder & team salaries ⏩️ Planning for the larger economic environment 📺 Stream the full episode here: https://lnkd.in/gvwwtide 📪 Make sure to subscribe so you don’t miss an episode. #founderjourney #startuplife #foundercomp

Fewer IPOs can lead to fewer compensation negotiations for equity. Hiring at startups is down and compensation trends are shifting, so it's a perfect time to hear from an expert that advises many startup founders at New Enterprise Associates (NEA). Darcy Casarella, thank you for sharing insights like this one with our Data Minute podcast listeners. 🎧 All episodes available here: https://lnkd.in/gkgSUtTF New ep drops on Monday!

Are you looking to invest into APAC and the Middle East? 🌍 Join our upcoming virtual event, "GP Secrets: Fundraising & Investing in the Middle East & Asia Pacific," on August 14 at 3pm SGT / 10am AST. This event will feature industry leaders sharing their expertise on key investment corridors and dynamics in this region. 🗣️ Speakers: - Michael Lints, partner at Golden Gate Ventures - Eddie Thai, co-founder and GP at AVV (Ascend Vietnam Ventures) - Josephine Koh, director of Fund Administration at Carta 🌟 Why Attend? - Hear fundraising and investing strategies in the region from top GPs - Gain insights on the strategic investment corridors we have been seeing - Learn how to build and expand your presence in the Middle East 📅 Date: August 14, 2024 🕚 Time: 3pm SGT / 10am AST Don't miss this opportunity to elevate your fund strategies! Register now: https://lnkd.in/gwufiuMs #VentureCapital #InvestmentStrategies

If you *had* to pick one...

2023 was not an easy time to raise, with seed round deal count down 27% year-over-year, according to Carta data. Defying the odds, dataroomHQ, a platform that enables investors to evaluate companies, and companies to report and analyze their metrics, announced a $3.5M round, led by Oceans and Bling Capital, with Garuda Ventures, Cortical Ventures, and others joining the round. Founder Jeff Schwartz shared insights into the company’s fundraising journey and how they navigated the current market conditions: https://lnkd.in/guDYq6R2 We cover: ⏩ How a cold LinkedIn message led to an unanticipated term sheet ⏩ Filling out a round when a fundraising opportunity surprises you  ⏩ The decision to spend 1.5 years on R&D alone to build a “minimum remarkable product” and use that product to raise a round  ⏩ Using a product demo as the ultimate pitch Congrats to Jeff and the entire DataroomHQ team on your seed round! 🎉

🌅 How do our Account Directors start their day? 🌅 Everyone agrees that caffeine is a must, then it’s straight to ensuring client needs are met. 🔹 Check emails and Slack messages to address client needs promptly 🔹 Prep for client meetings to ensure every interaction is valuable 🔹 Prioritize time-sensitive tasks to keep everything running smoothly At Carta, we’re committed to providing exceptional service and support from the moment we start our day. Watch the video to get a glimpse into the daily routine of the Carta Fund Admin Account Directors. Learn more about how our account directors support you in achieving your goals: https://lnkd.in/gDfye8Rs #ClientExperience #FundAdmin #VC

As we approach the presidential and congressional elections in November, understanding the potential impact on private market regulation is crucial. Join us on Wednesday, July 31 for an insightful discussion with Anthony Cimino and Holli Heiles Pandol from Carta’s policy team and Brian McGuire, Policy Director at Brownstein Hyatt Farber Schreck. 📅 Date: Wednesday, July 31   🕒 Time: 10am PT / 1pm ET Policy is infrastructure. From tax reform to private market regulation, the upcoming elections will influence private market policy outcomes that impact how funds and small businesses operate. Carta’s Policy team will preview how the elections could shape key issues. Discussion highlights: ✅ Key policy areas to watch in 2025, including tax reform and capital market regulation ✅ How funds and small businesses can best navigate the shifting political and policy landscape ✅ How Carta and other private market leaders are engaging to drive the policy debate Don't miss this opportunity to gain a comprehensive understanding of the evolving political landscape and its implications for private market regulation. 🔗 Register Now: https://lnkd.in/eyXfiZ_E #PrivateMarkets #Regulation #Policy #Election2024 #CapitalMarkets #TechPolicy #TaxPolicy