After taking credibility hit, Carta backs away from its secondaries business: “We have decided to prioritize trust”

Roughly 72 hours after a prominent startup customer complained that Carta was misusing information with which it was entrusted — scaring many of Carta’s tens of thousands of other customers in the process — Carta is exiting the business that landed it in trouble with the customer. Carta co-founder and CEO Henry Ward posted on … Read more

‘Secondaries summer’ is over, but 2024 looks promising

Secondary venture activity has ebbed and flowed over the last few months, following a particularly busy summer. But 2024 may see investors returning for good, writes Rebecca Szkutak. Full TechCrunch+ articles are only available to members.Use discount code TCPLUSROUNDUP to save 20% off a one- or two-year subscription. “The buyer universe for pre-IPOs expands quite … Read more

There are indicators that will probably be a sizzling secondaries summer season

One of many important causes now we have but to see a significant restoration in late-stage deal exercise is the dearth of consensus round how startups must be valued. Nobody desires to pay 2021 costs, however gauging what startups are value now isn’t straightforward. Nevertheless, there are indicators that folk are coming to an settlement. … Read more