Key facts
- Carta and NewView partnered to simplify tender offers for startups.
- The partnership combines NewView's secondary deal-structuring experience with Carta's equity platform.
- Tender offers allow employees and early investors to sell shares for a predetermined price.
- A study projects tender offers to triple for Series C and later-stage startups.
- HighTouch, Decagon, Wayve, and ElevenLabs are among companies that have held tender offers.
Startups are increasingly staying private for longer periods, leaving employees with illiquid stock compensation. To address this, NewView has partnered with Carta to streamline the process of tender offers, which allow employees and early investors to sell a portion of their shares. The collaboration aims to make it easier for companies to manage these liquidity programs and retain talent by offering employees a way to gain early access to the value of their stock.