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Silicon Valley startups: Tensions rise in Silicon Valley over sales of startup stocks

Tensions over the shadowy and often enigmatic market of private company stocks have reached a boiling point, just as the buying and selling of such shares has grown bigger than ever. At its center is an age-old debate: Should everyone have access to the riches and risks of investing in Silicon Valley startups?

Tensions rise in Silicon Valley over sales of startup stocks

Tensions over the shadowy and often enigmatic market of private company stocks have reached a boiling point

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. It's a dramatic turn of events for 14-year-old Carta, which originally focused on cap table management software but began over time to evolve into a “private stock market for companies” to take advantage of the network of companies and investors that already use its platform and into which it has insights. While the move made Carta more valuable in the eyes of its venture backers a company has to scale, after all!

Marketplace for pre-IPO stock raises at US $77 million valuation following explosive growth

Hiive, which offers a marketplace to buy and sell shares of private tech companies, lands $4.2M