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by logiduck 897 days ago
Seems like a stretch of the imagination. VC funding is already bone-dry so there are about 1000 different reasons not to get funding as it is. VCs are only investing in strong conviction plays. I'm skeptical that an investor would have strong enough conviction to want to fund you and then back out if you use Carta and put that in writing as the sole reason for not investing.

Even then the onus is pretty big for demonstrating damages for lost opportunity rather than direct financial losses. For example if you called your broker to put in a trade and they missed it and the stock 10x the next day, your SOL even though there is a theoretical missed financial windfall. its a different story if you asked them to close a position, they didn't and then you lost money since the latter actually has tangible losses as opposed to missed theoretical gains.

1 comments

40k cap tables of VC backed companies in a variety of industries and verticals is valuable. If you sat in a room with this data for a few days I'm sure any smart person could think of interesting ways to monetize it. I believe this has occurred at Carta and the truth will come out, to Carta's detriment.