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Notes from the founders.
Short essays from Paulo and Greg on private markets and liquidity, and answers to the questions you send us. NEW COPY
Draft · awaiting counsel review · only visible to founders
What about Carta?
Carta, the dominant cap table platform and SEC-registered transfer agent for over 50,000 US private companies, holds the ownership records our clients already use but is structurally unlikely to compete with Unblocks. Its business is equity administration, and…
Draft · awaiting counsel review · only visible to foundersWhy hasn't Stripe IPO'd?
Because it doesn't need to. Stripe has near-unlimited access to capital and raises from venture investors whenever it wants. And it has quietly solved the problem that usually forces a company to IPO: employee liquidity. I think Stripe is showing what the priv…
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