The company recently faced backlash for combining its cap table and secondary sales businesses and has since announced winding down the later. Carta reportedly reached out to investors of three companies about selling shares without permission or notification – and did little to resolve multiple repeated breaches. Multiple other startups have come out on social media voicing similar transgressions.
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Carta, a key Silicon Valley player for startups, stumbles, prompting customers to consider competitors
"So we have decided to prioritize trust, and exit the secondary trading business.”
