Carda's Violation of Trust and Selling into the Secondary Market

Carda, a cap table software company, faced a major violation of trust when employees began contacting angel investors and early-stage backers directly, offering to buy their shares in companies without their knowledge or permission. This breach of their own terms of service led to public outcry and damage to their reputation. As a result, Carda sold off their secondary business. The incident highlights the importance of trust and privacy in the cap table software industry, and the need for companies to prioritize security and integrity when handling sensitive investor data.