There are many (if expensive) data sources for the later parts of the startup market.
But what about the founders who are just getting started? And the investors who fund these nascent companies?
Where can they go for market insights when the vast majority of investment in these spaces happens on unrecorded SAFEs and Convertible Notes?
Enter - Carta's State of Pre-Seed Report, Q1 2024
Since 2020, companies on Carta have signed more than 100,000 SAFEs and notes before raising priced funding. So we can speak from experience here about how these convertible instruments have reshaped the face of early-stage venture.
If you're a pre-seed founder or funder, don't miss the downloadable addendum to the report above where we break out valuation cap medians for 10+ industries.
Subscribe here if you're new to the Data Minute. Forwarding encouraged!
Peter Walker
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.
