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AngelList

VC world rocked by allegations against Carta, fintech for startups

Carta, a fintech startup that rode its message of democratizing startup ownership to a $7.4 billion valuation, is facing mounting blowback after a client accused one of the company’s sales employees of trying to use confidential customer information to broker trades.Carta has been celebrated by Fast Company and others for giving startup employees the tools to reap the benefits when their companies go public. It primarily makes software used by many early-stage ventures to track ownership.On Friday, the CEO of one such…

AngelList Venture wants to make cap table management cheaper – TechCrunch

AngelList Venture is launching Stack Equity Management, a way for startups to organize and manage their cap tables natively within the platform. Stack Equity is a suite of products that companies use to set up, update and purchase founder, employee and investor equity. It is available, starting today, to U.S.-based C Corporations. It may sound like a niche product launch, but here’s the real news: The company is going head to head with its largest competitor, Carta, when it comes to pricing the management of cap…