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Policy

Why Carta supports the QSBS exclusion to protect startups
Small businesses are a key part of the U.S. economy: They drive job creation, innovation, and new opportunities for their employees. Building and investing in small businesses also generates returns that can be reinvested—whether that looks like sending kids to college, starting a new business, or funding other small businesses across the country. The qualified […]
Carta Connected: Congressman McHenry on ownership
Raising capital as an entrepreneur. Retail investor access to private markets. Expanding ownership to more investors and more employees.We have a new administration, new leadership at the Securities and Exchange Commission (SEC), and a new Congress. How will policymakers approach these critical issues, and what can private companies and their investors expect?  These are the […]
Highlights from the HFSC hearing on SPACs, IPOs, and direct listings
Over the past year and half, we’ve seen the rise of special-purpose acquisition companies (SPACs) and direct listings as popular alternatives to traditional individual public offerings (IPOs) for taking companies public. This change has prompted  regulatory scrutiny by both the Securities and Exchange Commission and Congress. On May 24, the House Financial Services Committee held […]
The tax outlook in venture: What Biden’s proposals might mean
In the aftermath of passing COVID-19 relief, President Biden has turned his attention to developing proposals to invest in infrastructure and the American people.  The infrastructure proposal, or the American Jobs Plan, is an approximately $2 trillion proposal to revitalize the physical, electric, and digital infrastructure, while modernizing facilities and driving workforce development. To pay […]
Fixing 83(b) elections
So you want to file an 83(b) election? No problem. Draft a letter to the IRS with your name, address, social security number, and the number and value of equity shares you are either accepting or exercising early. Print and sign four original copies, with a wet ink signature applied by hand. Send two copies, […]
Volcker Rule reform: unlocking capital for venture funds
Rarely do new pools of capital become available overnight. But that is exactly what happened October 1, 2020, when regulators revised the Volcker Rule’s covered funds section to enable banks to invest in venture capital funds once again.   In this post we will explore how we got here, what this means for venture capital, and […]