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Carta was just valued at $1.7 billion by Andreessen Horowitz, in a deal some see as rich

Palo Alto based cap table management platform raised $300m of Series E funding led by Andreessen Horowitz, and joined by Goldman Sachs PSI and LightSpeed Ventures.  The valuation on the round was $1.7b.

More likely, they were viewing the company based on its potential as a highly liquid market, ambitious as that might seem today. Consider that the parent company to both the NYSE and the Chicago Stock Exchange currently has a market cap of roughly $45 billion. Then again, that company operates 12 exchanges and marketplaces altogether, and it enjoyed more than $6 billion in revenue last year by transacting more than a $100 billion dollars in volume on a daily basis on the NYSE alone. Perhaps most important to them, Carta is now as well-positioned as any outfit to capture and cater to the growing number of privately held companies looking to provide more of their employees liquidity and to cash out early investors.

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capital markets