> Fast forward to today, our business is broken down as follows: the captable business is about $250M/year, fund administration is about $100M, private equity is about $20M, and the secondary trading business is about $3M.
The poster with the original complaint said they were paying about US$10,000 a year for their cap table service. Are there 25,000 startups using this service?
Some startups pay Carta more than $10k a year. For instance, in a community I’m in, someone mentioned that they pay Carta $150k/yr. It comes down to how many of Carta’s various services startups find worth paying for.
$250M is more than a few million.