CARTA FOR LAW FIRMS
December 2020 Update
SAFEs, automated on Carta
Carta goes beyond cap table management and now helps founders generate and manage SAFEs. Model the round, generate new SAFEs in seconds, streamline communication, and get automatic cap table updates. Clients can get started for free with Carta Launch or any paid plan. Existing customers can email firstname.lastname@example.org for access or learn more here.
We are integrating form SAFEs for many of our partner law firms to ensure clients can leverage partner-approved forms. Contact us at email@example.com to streamline your clients’ SAFE financings!
Carta’s Free SAFE and Convertible Note Calculator now available in-app
We’re thrilled to debut this free tool to help founders better understand the potential dilutive impact of pre-money SAFEs, post-money SAFEs, and notes once they convert in a future priced round. Set up the model in seconds and run as many scenarios as you’d like—all you need are a few inputs. Now available in-app with all Carta plans (including our free Launch plan).
With the launch of CartaX, Carta will deliver to companies and their law firms a seamless solution to the administrative and operational challenges of liquidity offerings. Companies can program recurring liquidity events — annually, quarterly or even monthly — while retaining control over participation and disclosure. To learn more about CartaX or to inquire about tender offer support for your team, please contact us at firstname.lastname@example.org.
Guidance on how to run a stock split on Carta
When a forward or reverse stock split needs to be reflected on a company account, a Legal Administrator on the account should reach out to Channel Support team by emailing email@example.com with the following information to request the split and expedite the process:
- Effective date
- Split ratio e.g. Before 1, After 10
- Share classes affected
Confirmation of the following:
- Cap table is up-to-date as of the effective date of the split
- There are no current/pending transactions
- The ability to exercise online is turned off (temporarily)
Take a look at this article on how to run a stock split on Carta to learn more.
Introducing the new Release Notes
Filter by label to only include the ones you care about most. Filter by Carta product area (Corporations, Investor Services, Platform, and CartaX), customer type (Employee, Equity Administrator, Board Member, etc. ), or release stage (General Audience, Preview, etc.)
Subscribe for recurring product updates in an email to your inbox whenever we post a new update. You can find the subscribe button at the top of the Release Notes site.
Carta’s Startup Stack: Exclusive offers for your clients
A curated directory with special offers on products and tools to help founders build and scale with companies like AWS, Stripe, Brex, and more!
Free credits, discounts, and special perks across bookkeeping, cloud computing, payroll and more for your clients. Check it out and let your clients know about this new perk!
Set up a Carta training for your firm
Carta’s Law Firm support team would be happy to host an engaging virtual product training for a group of paralegals and attorneys at your firm. Make sure your teams are up-to-date on how to use the Carta platform more efficiently. Please contact your Carta Representative or email us at firstname.lastname@example.org
Partner tier update
In April of 2020 we introduced a few important changes to our Law Firm Partner Program with new partner tiers, based on feedback from our latest Partner Survey. Law firms will be assigned tiers based on the total number of new active referrals made by your firm in the prior calendar year. The more your firm grows with Carta, the more benefits you unlock for your clients. To learn more about how this affects you and your firm, check out our FAQs
Refer a company to Carta
We have created a new and more efficient workflow for you to refer clients to Carta to receive your partner discount on our paid plans. Instead of sending us an email, you can now use the ‘Refer company to Carta’ button in your firm’s Carta account. See the adjacent image for where to access this.
Hot off the press
The Table Stakes report, now in its third year, will include data and discussion on the gender equity gap as well as an examination of how race & ethnicity play a role in the distribution of equity in the startup and investor ecosystem. This will be the first ever report to analyze employee equity distribution by race and ethnicity. Check out our blog from 2019 that summarizes the gender equity gap study
UPCOMING VIRTUAL EVENTS
Carta’s 3rd annual Table Stakes Event & Study
Join us live for a virtual Table Stakes event on December 9, 2020 from 12-5pm PT. The virtual event convenes the brightest minds in investing, entrepreneurship, and policy to discuss actionable solutions to drive more equitable equity distribution
The event will include both main stage keynotes and breakout panels focused on investors, founders, policy & legislation, and equity education. Check TableStakes.com and @tablestakes on Twitter for information about speakers attending & other announcements! Table Stakes Summit is free and open to all.
PAST virtual events
Carta’s Legal Design Partner Program – Remote Edition
Carta kicked off our 3rd cohort of the Legal Design Partner Program with a virtual dinner & roundtable discussion. In this program, selected members from our law firm partners agree to provide feedback to our product designers playing an integral part in testing new partner initiatives & Carta features throughout their development process. This new cohort included members from DLA Piper, Cooley, Morrison & Forrester, Latham & Watkins, Kastner Gravelle, Pillsbury, and KO.