Finshots Daily cover image

Finshots Daily

An explainer on the Carta scandal

Jan 12, 2024
06:23
Snipd AI
Controversy surrounds US-based startup Carta as it expands into the brokerage business, leading to accusations of breach of trust. The fallout includes a lack of trust in their cap table services and the decision to shut down the brokerage business to restore trust, potentially impacting Carta's valuation and reputation.
Read more

Podcast summary created with Snipd AI

Quick takeaways

  • Carta faced controversy after being accused of breaching confidentiality while setting up a brokerage, raising concerns about privacy and data security.
  • Carta swiftly shut down its brokerage business to regain trust and focus on preserving its reputation.

Deep dives

Kata's Solution for Managing Startup Shares

Kata offered startups a platform to manage their capitalization table (cap table) by creating a digital dashboard. This platform helped track the ownership of shares and the associated restrictions, providing startups with an efficient and hassle-free way to manage their shares. By offering this service as a subscription-based software, Kata aimed to alleviate the burden of tracking and managing shares for startups.

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode