Something is definitely not adding up here with this Carta drama.
If I had to guess I’d say the sales team at Carta has full access to cap tables to do outbound and drive growth for their liquidity offering and was getting away with breaching trust like this for a while.
This public explanation from their CEO also does not inspire any confidence.
If I’m a founder using Carta for cap table management I should now assume they have internal tooling where any employee can see my entire cap table.