2min chapter

Equity cover image

Charting the future of the early-stage venture market with Carta’s CEO

Equity

CHAPTER

How to Automate Your Card Closing Process

The only people that are doing it charge $2,000 an hour. And I was like, okay, we can help. This idea I had in 2016 to automate this stuff. Now is the time. Like let's fix it. So we built the whole thing. There's three parts of closing around. Part one, you do the spreadsheet math, the pro forma spreadsheet. That's all automated now. You just type in your investors, click the button and download it. It's negative surplus all around. It's a deficit, consumer deficit, customer deficit Totally. Everybody loses on this.

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