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Navigate your next round with expert support and in-built compliance
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Fund Management
All Fund Management
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Fund Formation
A comprehensive guide for emerging fund managers
Starting a VC firm is a complex process. Leverage our free resources as you build your first fund.
Getting started
VC 101
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Getting started
Author:
Rita Astoor
Date:
October 2023
featured article
How to start a venture capital firm
Venture capital is an investment strategy in which general partners collect outside capital and use it to invest in emerging companies, often in the startup tech industry.
Investors
August 2022
Venture capital fund structures
Thinking of starting your own venture capital fund? Learn the legal vocabulary of VC fund structure, including LPs, GPs, LPAs, and LLCs.
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Investors
January 2025
Fund management
Understand the key components of fund management for private equity and venture capital funds. We'll cover how fund management works throughout a fund's lifecycle—from capital allocation, risk management, portfolio company oversight, asset management, and fund administration.
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Investors
September 2023
Investment thesis
An investment thesis clarifies how you’ll make money for your fund’s LPs. Learn how to write a great thesis so you can develop a winning fund strategy.
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The Venture Playbook: Starting a fund
Learn the ins and outs of venture — from launching your firm to supporting your portfolio companies.
Download
VC 101 video course
VIDEO COURSE
Venture Capital 101
Learn the fundamentals of starting a venture capital fund.
VIDEO COURSE
VC regulations
Get familiar with the regulatory landscape by knowing its areas of focus, registration requirements, and exemptions.
VIDEO COURSE
Limited partnerships & management companies
Understand the limited partnership agreement (LPA) and the big role management companies play in VC.
VIDEO COURSE
Venture Capital 101
Learn the fundamentals of starting a venture capital fund.
VC regulations
Get familiar with the regulatory landscape by knowing its areas of focus, registration requirements, and exemptions.
Limited partnerships & management companies
Understand the limited partnership agreement (LPA) and the big role management companies play in VC.
Popular tools
LP pitch deck template
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IRR calculator
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VC regulatory playbook
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Investor update template
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Portfolio management
How to write an investment memo
What is a tear sheet?
How to write an investment thesis
What is a fund closing?
The venture capital regulatory playbook
Discover your end-to-end resource for understanding the basics in venture capital regulation.
Download
Fund structures
Venture capital fund structures overview
Limited partner (LP)
General partner (GP)
Limited partnership agreement (LPA)
Fund management
Author:
Rita Astoor
Date:
January 2025
featured article
Fund management
Understand the key components of fund management for private equity and venture capital funds. We'll cover how fund management works throughout a fund's lifecycle—from capital allocation, risk management, portfolio company oversight, asset management, and fund administration.
Investors
April 2024
Carried interest
Carried interest is how private equity firms compensate and incentivize their general partners. In this article, we'll explain how carried interest works.
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Investors
February 2024
Capital calls
When venture capitalists are ready to invest in a private company, they usually have to make a capital call first. Learn more about capital calls in private equity.
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Investors
August 2020
ASC 820
When you’re managing your investment portfolio, you need accurate financial reports to help you make knowledgeable decisions and keep your LPs informed of the current state of the fund’s investments. That’s where ASC 820 comes in.
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Learn more
Fund performance
How VCs measure fund performance
Sharing your track record as an emerging VC
Internal Rate of Return: How to calculate IRR
Regulations
Author:
Holli Heiles Pandol
Date:
December 2022
featured article
Venture capital regulations
The SEC regulates most aspects of venture capital funds and fund managers. Learn more about private fund regulation requirements to remain compliant.
Investors
October 2023
AML & KYC
Know your customer (KYC) checks help companies and financial institutions comply with anti-money laundering (AML) regulations. Learn the differences.
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Equity Education
July 2023
Accredited investors
Learn what an accredited investor is, requirements and qualifications, why the requirement exists, and how the accredited investor rules may change.
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Investors
August 2022
Regulation D
Regulation D outlines some of the rules private funds and companies can follow to raise money by selling securities without having to register.
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Learn more
Taxes
Author:
Jeffrey Johnson, CPA
Date:
September 2022
featured article
Venture capital tax treatment
Learn about venture capital tax treatment—and what LPs expect from your fund during tax season.
Carta
February 2023
Schedule K-1 tax form
In this article, we cover important due dates, filing information, and what to include in a Schedule K-1 form, a key tax document for LLCs.
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Educational Essentials
August 2023
Qualified small business stock (QSBS)
Understand the qualified small business requirements and how to take advantage of QSBS tax treatment for eligible stock options.
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Investors
April 2024
Carried interest
Carried interest is how private equity firms compensate and incentivize their general partners. In this article, we'll explain how carried interest works.
View
Latest articles
Investors
January 2025
Fund management
Understand the key components of fund management for private equity and venture capital funds. We'll cover how fund management works throughout a fund's lifecycle—from capital allocation, risk management, portfolio company oversight, asset management, and fund administration.
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Fund Administration
January 2025
Fund administration
Fund administration is a third-party service that handles venture fund accounting, LP reporting, asset valuation, capital calls, and capital distributions.
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Product Education
January 2025
Carta's Product Year in Review: 2024
In 2024, we focused on delivering solutions that enhance accuracy, give investors control, and streamline operations—so you can focus on scaling your firm. Here's a look back at everything we accomplished together this past year.
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Data & Research
December 2024
Five ways the seed market shifted for startups in Q3
While the high-level numbers have nosed down, other key metrics—like valuations and round sizes—are trending up at the seed stage. And some of these statistics look very different across different common sectors.
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Data & Research
December 2024
Industry spotlight: Fintech fundraising is trending up in 2024
After a historically lackluster 2023, the fintech fundraising market has picked back up—through the first nine months of 2024, fintech startups on Carta combined to raise about $3.8 billion in new VC funding.
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Data & Research
December 2024
Startups are renewing their embrace of tender offers in 2024
The number of new tender offers administered by Carta has now increased in five of the past six quarters. That includes Q3, which saw 26 new tender offers—the highest quarterly total since the boom times of 2022.
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Data & Research
November 2024
Early-stage VC valuations were at or near new highs in Q3
The median seed valuation climbed to $14.8 million and the median Series A valuation rose to $45 million in Q3, as investors became more proactive after several quarters of patience.
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Announcements
November 2024
Carta announces exclusive streamlined solution with Morgan Stanley at Work for private companies seeking to IPO
Morgan Stanley at Work to become Carta’s preferred U.S. public equity management platform, aligning world-class cap table management and IPO readiness with public equity compensation solutions and wealth management.
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Data & Research
November 2024
State of Private Markets: Q3 2024
In the aftermath of the remarkable pandemic bull run of 2021 and early 2022, the venture market has settled into a new normal. The third quarter showed upward trends at the later stages in deal activity and M&As.
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