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Updated on September 1, 2020

May 2020 Update

Read the latest updates and resources for our legal partners below
Law partner newsletter - May 2020 | Carta 1


New partner tiers

Last month 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.

For firms that were members of our partner program before April 16, tiering will go into effect on January 1, 2021. To learn more about how this affects you and your firm, check out our FAQs.

Product updates

Stay on top of product changes with Carta’s Changelog.
Law partner newsletter - May 2020 | Carta 2

New drafts workflow

We’re rolling out a new and improved drafting and issuance workflow. This includes an in-app spreadsheet to better support large data sets, as well as advanced validations to improve data accuracy and completeness of each security.


Law partner newsletter - May 2020 | Carta 3

Valuation tool

We created a tool for private, profitable companies to understand the value of their business. It uses the capitalized cash flow method, which requires discounting the company’s future cash flows at a calculated rate.


Law partner newsletter - May 2020 | Carta 4

HR permissions

Allow companies to set different levels of access for HR personnel and better control who has full cap table access. HR personnel can still perform tasks like drafting new grants and terminating grants upon an employee’s exit.


Other updates

Law partner newsletter - May 2020 | Carta 5

AWS Activate credits for your clients

Carta has partnered with AWS to offer Carta customers AWS Activate credits to help grow and scale their businesses.

  • Carta Launch customers can apply to redeem up to $5,000 in AWS Activate credits.

  • Carta customers on any paid plan that have raised over $1 million and are a Series A company (or earlier) can apply to redeem up to $100,000 in AWS Activate credits.

Terms and conditions apply.

Guidance for Down Market Actions on Carta

Many of you and your firms will be working through option repricings, post-termination exercise (PTE) window extensions, pausing/tolling vesting, 409A updates driven by market conditions, and other down-market actions over the coming months. To assist with this, we’ve published guidance for you when addressing these projects. In addition, if you have questions, you can always contact our premier law firm support team at partnerships@carta.com.
Law partner newsletter - May 2020 | Carta 6
Law partner newsletter - May 2020 | Carta 7

How to help extend your client’s PTE window

With unemployment skyrocketing, many companies are trying to help laid-off employees who have been faithfully working for them for years by extending their PTE window.

Find out how to do extend PTE windows in Carta.

Liquidity and CartaX

As a leading provider of liquidity solutions, Carta has supported over 100 tender offers through our integrated platform. We continue to innovate in the secondary space and are excited to announce the upcoming launch of CartaX, a new platform offering tailored liquidity solutions for private companies, operated by our affiliate Carta Capital Markets, LLC.

Pending regulatory approval, CartaX will be the first vertically integrated market ecosystem for private securities that offers price discovery and matches buyers and sellers using an auction-based methodology.

CartaX will enable private companies to offer programmatic, on-demand liquidity to the shareholders and investors of their choice with ease. CartaX will be fully integrated with Carta’s cap table management platform, providing management with visibility and transparency while reducing administrative burdens.

To learn more about CartaX, or to inquire about tender offer support for your clients, please contact us at info@cartacapitalmarkets.com.

Law partner newsletter - May 2020 | Carta 8

Hot off the press


Future of liquidity recording

We held our second Future of Liquidity event in early March in New York City. In partnership with Company, a NYC-based startup accelerator, over 120 lawyers, investors, founders and CFOs came together to discuss recent trends in liquidity and their potential impact on private companies and venture portfolios. WATCH THE RECORDING >
Law partner newsletter - May 2020 | Carta 9


How Carta does Enterprise Valuations

Private companies have increased regulatory and compliance needs as they grow. That’s why we’ve built a team with unique industry expertise and modern tools and resources to provide our customers with an unrivaled experience. READ THE POST >
Law partner newsletter - May 2020 | Carta 10


Case study: Brickell Biotech

See how Brickell Biotech manages their equity from private to public on Carta.


Law partner newsletter - May 2020 | Carta 11


IPO with Carta

Carta helps companies make the transition from private to public, from maintaining your cap table and running quarterly
409A valuations to supporting your stock splits and managing your equity plan.


Law partner newsletter - May 2020 | Carta 12


Carta Partner Resource Center

Find all the information you need about Carta products, up-to-date pricing, resources for your clients, and educational content in one place. (Access code: partners).
DISCLOSURE: This communication is being sent on behalf of eShares, Inc. dba Carta, Inc. (“Carta”). This communication is not to be construed as legal, financial or tax advice and is for informational purposes only. This communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Carta does not assume any liability for reliance on the information provided herein.
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