
Give startups just a little good news already!
It's a little exhausting reading (and writing) consistent negative news about VC-backed startups these days. Not saying those stories aren't accurate - it's the dominant narrative for a reason.
We dug deep into our Carta data bag and found a silver lining.
Shout out to the hardware startups - always considered "playing on hard mode", hardware was one of the very few industries to see valuations rise in H2 from H1 last year.
Subscribers to the Data Minute get to see how each of these other industries fared 👀
DISCLOSURE: This communication is on behalf of eShares, Inc. dba Carta, Inc. ("Carta"). This communication is for informational purposes only, and contains general information only. Carta is not, by means of this communication, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This publication is not a substitute for such professional advice or services nor should it be used as a basis for any decision or action that may affect your business or interests. Before making any decision or taking any action that may affect your business or interests, you should consult a qualified professional advisor. This communication is not intended as a recommendation, offer or solicitation for the purchase or sale of any security. Carta does not assume any liability for reliance on the information provided herein. © 2026 Carta. All rights reserved. Reproduction prohibited.



