Technical improvements to navigation

The Design Technology team at Carta is updating the top level navigation of our app, to benefit from the latest Ink Design System improvements.

With this architectural change, user experience will be more consistent, future design improvements will be easier, and we will be able to better support our future product roadmap.

There will be minor changes to visuals and interaction. On the visual side, the text is now bolder and more legible. On the interaction side, menu items will now open on click, instead of on hover.

Note: there is no change to menu items or to the way you get to different corners of the app. This update is unrelated to the navigational structure of our site.

For feedback, please reach out to design-technology@carta.com.

IMG_0134.png

New and Improved Exercising Flow

We’re excited to announce our enhanced exercising flow coming early next week!

Screen Shot 2019-07-26 at 2.50.10 PM.png

The updated in-product experience aims to help employees feel more confident throughout the process and reduce the finance and HR team’s burden of managing (and answering questions about) option exercises.

To begin, your company must have online transactions turned on in Carta. Once they do, all you need is:

  • A US bank account
  • ISO, NSO, or ISO/NSO split grants that are vested

As part of the update, we’ve added an Exercise button directly on the Holdings page, under the new vesting chart. Click on the button to begin.

Screen Shot 2019-07-26 at 3.08.45 PM.png

Once you’re ready, Carta will guide you through a step-by-step process that includes:

  • The ability to select which grant and how many shares to exercise
  • Estimated tax breakdowns to help you understand your obligations at the time of exercise and the end of the fiscal year
  • In-flow profile and payment management to streamline the exercising experience without friction
  • Autofilled 83(b) election form for employees who early exercise
  • A clear timeline of next steps you should look out for before the shares are in your portfolio

Have more questions about your equity? Click here to learn more >

New valuation methodology for ASC820 customers

We’ve released a new valuation methodology to help Investors determine the fair value of their holdings. Investors can now apply an equity adjustment to the post-money valuation. Equity adjustments are generally applied to backsolve or post-money valuations when the last preferred financing round was greater than 6 months ago and there is reason to believe that the market has changed since the last financing was raised, or when the portfolio company does not have sufficient revenue to support a meaningful indication of value.

To use the post-money equity adjustment methodology to value a portfolio company, follow these steps:

  1. Navigate to the portfolio company’s valuation page.
  2. Create a new valuation.
    Screen Shot 2019-05-31 at 3.59.24 PM.png
  3. Add your public comparable companies. These will be used to estimate the equity adjustment.
    Screen Shot 2019-05-31 at 4.04.29 PM.png
  4. Navigate to the Value company page and select the post-money valuation methodology. Indicate the weighting you would like applied and save!
    Screen Shot 2019-05-31 at 4.01.08 PM.png
  5. Once saved, you will see a new page where you can record the post-money valuation, apply the equity adjustment, and include an explanation as to why you are applying the equity adjustment.
    Screen Shot 2019-05-31 at 4.18.38 PM.png

New custom equity plan report

Now Legal and Company administrators can export a new customizable equity plan. There are 40+ columns to choose from, and you also have the ability to select multiple plans to export. The output file is a spreadsheet with each plan being its own tab.

The Custom Equity Plan report is the last one on the Equity Plan Analysis section, inside the Reports item, under the Capitalization dropdown.

Jul-20-2018 16-42-56.gif