Charting the future of the early-stage venture market with Carta’s CEO
Equity
TechCrunch
4.2 • 372 Ratings
🗓️ 8 June 2023
⏱️ 31 minutes
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| 0:18.0 | Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and the nuance behind the headlines. My name is Alex Wilhelm and this is our Wednesday show where we niche down to a single topic and go deep. |
| 0:23.7 | Today we are talking to Henry Ward, the CEO and co-founder of Carter. |
| 0:27.8 | On the show today, the state of the early stage markets, why Carter wants to make fundraising |
| 0:31.9 | cheaper, and then a look ahead to the rest of the year from a startup and venture perspective. |
| 0:35.8 | Now if you don't know what is Carter well Carter is a startup and unicorn that helps other startups and venture capitalists, manage cap tables, execute |
| 0:43.9 | 409A evaluations, and allows employees to keep track of their vesting schedules and |
| 0:47.8 | purchase their options. I know that because I've actually used it as a startup |
| 0:51.0 | employee and the company has also built Carter X which facilitates |
| 0:54.0 | secondary transactions for private startup shares and the company was last |
| 0:57.4 | valued at a post money evaluation of around 7.4 billion after raising |
| 1:01.1 | five hundred million dollars back in mid-2001. |
| 1:04.0 | Henry, welcome to the show. |
| 1:05.5 | Hey Alex, great to be here. |
| 1:07.0 | Thanks so much for having me. |
| 1:08.0 | Yeah, and you win the Did My Homework For Me Award |
| 1:12.0 | because I was talking to your team about what I wanted to talk about on the show and I'm like look we're going to riff on the early stage and you guys |
| 1:17.4 | sent over an actual deck of data and that is a first I think in the history of equity in terms of helping me do my job. |
| 1:23.8 | So from a really high level starting up in the stratosphere, what is your take on the current health of the earliest age |
| 1:30.2 | venture capital market as it exists today. |
| 1:32.6 | Yeah, it's a lot healthier than I think people think. |
| 1:35.5 | It doesn't feel healthy, you know, because if you compare it to 21 and kind of the |
| 1:40.8 | frenzy of that period, you know, we were averaging something around 800 |
... |
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