leadership1 distinct publisher
Late-stage startups are paying for retention with tender offers
Carta administered 71 tenders worth about $3 billion in the first half of 2026. Nearly 70% came from Series C or later companies, where the median offer reached $28.5 million and most of it filled.
Publishers:carta.com
Reality
- Evidence52
- Adoption64
- Hype gap+22
- Incentives84