Anchor first or build the buzz? Big LPs bring big momentum. and sometimes, big trade-offs. Stephanie Srulowitz of @WeilGotshal breaks down the fine art of fundraising strategy on this episode of The Data Minute with @PeterJ_Walker. 🎙️Streaming now on all podcasts platforms.

“In one system, we get speed, confidence, and visibility. It’s a huge time saver.” -Matt Moran, CFO. Big congrats to @DataTribe on closing their third fund!.And thank you for trusting Carta to power what's next. 🚀.

✅ Faster financials & investor updates.✅ Real-time general ledger visibility.✅ Fewer tax-season fire drills 🔥. With @cartainc, DataTribe moves through tax season faster — no detours, no delays, just seamless delivery for their team and LPs.

As they scaled from family offices to institutional investors, DataTribe needed smarter fund ops — especially at tax season. 📈📊. “Our goals outgrew spreadsheets and long email chains,” says CFO Matt Moran. So they partnered with @cartainc for Fund Admin + Tax. The results? 👇.

The model?.Spot cutting-edge tech inside gov agencies — then help founders bring it to the private sector. (Like @DragosInc, a DataTribe seed investment now worth $1.7B.).

What happens when elite cyber talent leaves government service?.At @DataTribe, they don’t retire — they build. 🛠️. This Washington, D.C.–based VC firm backs former intel & defense pros to launch the next wave of cybersecurity startups. 💻🛡️.

Carta x @SequoiaTPI: Now with even deeper comp intel ➡️ We’re expanding our partnership to deliver tailored, real-time compensation insights to Sequoia clients—powered by Carta Total Compensation and built on anonymized data from 50K+ cap tables. Better.

As startups navigate growth and complexity, having incentives that remove friction becomes mission-critical. We’re proud to support teams like CognitOps on their QSBS attestation who are building for the future and making sure their employees and investors benefit along the way.

CognitOps is growing rapidly in a space where innovation and operational excellence are everything. As Reas put it:

One operator who knows the value of this firsthand is Reas Macken, COO of @CognitOps, an AI-driven warehouse operating system transforming how critical supply chain infrastructure is managed.

The expansion means higher eligibility thresholds and earlier access to benefits. This is great news for venture-backed innovation.

Carta’s Policy Team worked to ensure H.R. 1, helped more startups and their stakeholders benefit from Qualified Small Business Stock (QSBS) tax exemptions—an essential tool that helps founders, operators, and investors capture more of the value they help create.

🚨 Policy win for startups: QSBS is protected, and expanded.

What's New, What's Next: Building Connected Fund Admin

This data shows why benchmarking matters. Fund size, vintage year, and time since close all drive IRR, DPI, and TVPI—especially in a slow exit market. Grab the full report here for all charts & insights:

🌀 The J-curve is real—and steep. Median IRRs start negative for all vintages, then climb as funds mature. 2017 vintage:.• IRR at Q5 = -0.6%.• IRR at Q13 = 15.5%. 2021 vintage at Q13 = still negative (-0.9%). Final thoughts👇

📈 IRR varies massively by fund size. Smaller funds (<$10M) consistently post higher IRRs than mega-funds. Why? The law of large numbers—it’s easier to 2x a $10M fund than a $250M one.

💸 DPI is still hard to find. Only 30% of 2020 vintage funds have returned ANY capital to LPs. That % drops to just 15% for 2021 funds—though early signs show it's beginning to tick up.

📊 New Carta VC Fund Benchmark Report (Q1 2025) dropped. We looked at 2,500+ U.S. funds (2017–2024 vintages) to answer:.How is VC fund performance trending—by IRR, DPI & TVPI?. A 🧵with key insights & 3 data charts:.

RT @AlmehdarHammad: In collaboration with @cartainc and AuriferMiddleEastTax, we hosted a session with over 40 legal, tax, and fund operati….