INSUBCONTINENT EXCLUSIVE:
This morning Carta, a startup that helps private companies manage equity, announced it has created an investing vehicle called Carta
The well-funded unicorn wants to invest in young startups that it sees building off of its data-driven perspective into the world of private
companies, helping to foster an ecosystem around its core products and services.As A Technology News Room has reported, the world of
corporate venture capital has seen an enormous rise in the number of players active in the category, as cash-rich incumbents of all sizes
deploy cash as a way to both keep an ear to the ground in their market and surrounding areas, and perhaps drive some cash-on-cash returns to
Companies like Slack have also compiled investing entities while private to put capital to work in companies that plug into their
platform.With all the activity in corporate venture capital, why do we care about Carta Ventures? Mostly because Carta itself is of growing
looking to invest in.Why private companies matterCarta works with private companies to help with certain valuation varietals, cap tables and
It also offers tools and services for the venture class
This puts it squarely in the middle of the private market, which is in the midst of a long crescendo.Investment into private companies is
The companies staying private are worth hundreds of billions of dollars
players (startups and other private companies) and their fuel (investors of all stripes)
Efforts that sum to the startup working to expand the world of companies supporting those same firms through its new venture fund.Carta
abundance.Capital for whom?To get a grip on who Carta wants to fund and why, A Technology News Room caught up with James McGillicuddy, who
heads up strategy for the company
Next we wanted to know about how many general partners Carta Ventures would muster to go into the market
Instead of answering that directly, McGillicuddy discussed a number of existing internal staffers, and a collection of folks that he
intends to write seed checks, according to a pre-release copy of a blog post shared with A Technology News Room
afoot at Carta Ventures in terms of what it wants to see built.In a blog post written by Carta CEO Henry Ward, three companies are
precise its anticipation of what it wants to be built
And Carta is willing to put you up in its office and so forth
valuation.When the private capital markets are wiling to throw that much money at you, why not put it to work funding smaller companies who
