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  • 1.  Carta's 2024 annual equity report

    Posted 12-19-2024 09:41

    This year, Carta's Annual Equity Report provides a comprehensive analysis of how equity and opportunities in the U.S. venture ecosystem are distributed by race, ethnicity, and gender. Drawing from anonymized data from tens of thousands of startups and over 1.5 million employees, the report uncovers both progress and persistent disparities across the entrepreneurial landscape.

    Key Findings:

    • Startup Employees:

      • In 2024, 33% of new hires came from non-white backgrounds, ending a three-year decline in racial diversity among startup hires
      • Men continue to dominate new hires across all racial and ethnic groups, receiving a disproportionately larger share of issued equity

    • Founders:

      • The percentage of founders from non-white backgrounds reached a record 45.5%
      • Younger founders (ages 20-29) show greater racial and ethnic diversity, with 56% identifying as non-white
      • Women represent just 14.3% of all founders, a slight decline from prior years
    • Funding and Valuation Gaps:

      • Startups with male CEOs continue to secure higher valuations and larger funding rounds than those led by female CEOs
      • However, women-only founding teams made gains at later funding stages (Series B and C), raising 5.3% of all VC funding in priced rounds-up from 3.1% in 2023
    • Equity Distribution:

      • Women accounted for 33% of all new equity-receiving hires in 2024 but received only 22.5% of issued equity
      • Employees from East Asian and South Asian backgrounds are more likely to hold roles with higher-than-average equity packages, a trend that has intensified in recent years

    What's Next?

    While some areas have seen measurable progress, the report highlights ongoing inequities in hiring, funding, and equity distribution, especially for women and underrepresented groups in leadership roles.

    Curious to learn more?
    Dive into the full report for detailed data and analysis, and join the conversation about shaping a more equitable future for startups.

    Read the Full Report →

    Share your thoughts! How can we foster greater diversity in the venture ecosystem? Let us know what you think in the comments.



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    Brent Devey
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  • 2.  RE: Carta's 2024 annual equity report

    Posted 30 days ago

    Hi Brent,

    Does CARTA report on typical equity percentages awarded to hired CEOs who are not part of the founding team?  Thanks.



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    David Krasne
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  • 3.  RE: Carta's 2024 annual equity report

    Posted 29 days ago

    Hi David, 

    Our Carta Total Compensation tool does have data on non-founding CEOs for salary and equity. I'm not sure if we have any of the data publicly available though. I'll reach out to the team after the holiday to check and see if it's available and let you know! 



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    Brent Devey
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  • 4.  RE: Carta's 2024 annual equity report

    Posted 27 days ago

    Hi @David Krasne

    Just heard back from our Data team. This info isn't publicly available at the moment. It's only available via our Carta Total Compensation tool. If you'd like to learn more about it, I'd be happy to get you in touch with someone from our Sales team. 



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    Brent Devey
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