Startup Formation and AI Wealth Spillover (with Carol Massar, Tim Stenovec)

Perry notes that Carta now has 50,000+ companies on its cap table platform and has done 5 acquisitions in 9 months. He expects more company creation driven by wealth generated from AI IPOs, with founders using their own resources and seeking outside investment. Carta is expanding beyond cap tables into fund administration and tax advisory.

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Jeff Perry 6.5

Startup Formation and AI Wealth Spillover (with Carol Massar, Tim Stenovec)

Carol Massar

Introduces Jeff Perry, CRO at Carta, noting Carta's evolution from cap table company to broader platform with acquisitions.
Jeff Perry

Carta started as eShares solving stock certificate shipping, now has 50,000+ companies on cap table platform. Added compensation benchmarking, tax advisory. Offers free 'Launch' product for early founders (<$1M raised, <25 stakeholders) to capture them early.
Tim Stenovec

Asks about the economy for startups given AI giants dominating attention.
Jeff Perry

Expects more companies to be created from wealth generated by AI IPOs. Founders will have resources and seek outside investment. Carta is expanding into fund administration. Sees investment across all sectors, not just AI—including brick-and-mortar (e.g., mosquito screens, pool covers).
Carol Massar

Asks how Perry's Oracle/DocuSign experience applies to Carta's acquisition strategy.
Jeff Perry

Oracle experience (100-150 acquisitions) helped with Carta's 5 acquisitions in 9 months, including a CRM and a law firm. Carta is using AI to automate compliance/risk services previously done by law firms.

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