Sumukh Sridhara @sumukhsridhara Twitter Profile

Sumukh Sridhara

@sumukhsridhara

Building products for founders @AngelList

1KPosts 5KFollowers 981Following

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Sumukh Sridhara Reposted

Ankur Nagpal

@ankurnagpal

11 Oct

One of the best things we did while raising our Series A at Carry: Saving 10% of our fundraising round for our customers and evangelists Here's exactly how we set it up (without having to resort to crowdfunding):

Sumukh Sridhara Reposted

Ben Zises

@bzises

22 Aug

I have a TON of respect for Carta, but I gotta say, @AngelList has blown past them in recent years with no signs of slowing down. When I decided to invest $100,000 in AngelList back in 2022 I knew it was the market peak. But it doesn’t matter. I firmly believe they are poised…

Sumukh Sridhara

@sumukhsridhara

12 Jul

If you are looking to hone your product sense & increase your company’s product velocity, @jeff_weinstein is a great person to learn from. @lennysan just released a two hour interview with him:

Lenny Rachitsky

@lennysan

11 Jul

Jeff Weinstein (@jeff_weinstein) is a product lead at Stripe, where he helped grow their payment APIs to hundreds of billions in volume and transformed the way founders start companies into a few simple clicks with @atlas Prior to Stripe, Jeff led several startups and sold…

Sumukh Sridhara Reposted

Dan Hightower

@DanHightowerJr

13 Jun

It makes me sick that Carta threatens to cancel a company's securities as a shady retention tactic. I asked securities lawyers & a top law firm. They confirmed Carta can't unilaterally cancel securities. Quote: "pretty bizarre that they say that"

Sumukh Sridhara Reposted

Dan Hightower

@DanHightowerJr

1 Mar

Congrats to @lucy_guo the @JoinPasses team! They streamlined their Series A with AngelList Rollups: "Rollups saved us tons of money in this round and future rounds. We had 50 existing SAFEs we had to chase down for our Series A, and Rollups made it easy for us." - @lucy_guo

Lucy Guo

@lucy_guo

28 Feb

Announcing our $40M Series A led by @bondcap with @moodrowghani joining our board! After just 14 months, we’ve paid out tens of millions to ~1000 creators. They’ve bought houses, paid off loans, and quit their day jobs because of Passes. With this Series A, we’re building…

Sumukh Sridhara Reposted

Peer Richelsen — oss/acc

@peer_rich

24 Jan

was planning to leave @cartainc a while ago, finally made that decision. the team at @AngelList not only did the entire migration but in the process also found an error in our Carta cap table that we had overlooked before thank you @DanHightowerJr for all the support so far!

Sumukh Sridhara Reposted

avlok

@avlok

11 Jan

AngelList’s game plan with cap tables is to shrink the market, not grow it. We shrink the market with a much better product at a much lower price. I think we can cut the market for cap table software in half, to start. Then, we will expand with innovative products that sit…

avlok

@avlok

9 Jan

Carta pulled a great misdirect last night. Cap table customers, who were already irate over their incessant price increases, had lost trust in the company. So Carta exited a business that represents < 1% of their revenue, distracting startups who were walking out the door to…

Sumukh Sridhara Reposted

Nivi

@nivi

9 Jan

AngelList’s goal is to remain a vociferous advocate for founders and startups. We’ll leave it to others to build a monopoly or “take the market” so they can raise prices. Gouging startups who are, each in their way, trying to make the world better, is unethical and anti-human.

Dan Hightower

@DanHightowerJr

9 Jan

Founders should not feel trapped on Carta, but when companies leave, we've heard from founders that Carta has: - Shut off cap table data exports - Canceled their securities Hopefully Carta can find a founder-centric fix. Here's what we're doing at AngelList. We're comp’ing…

Sumukh Sridhara Reposted

Nivi

@nivi

8 Jan

Reading through the tweets, here's what people are saying about AngelList’s cap table product: - “Highly recommend AngelList! Moved over from Carta last year & have been super happy!!” - “AL Equity will always be significantly cheaper (for us, it's 65% cheaper vs. Carta)… the…

Sumukh Sridhara Reposted

Kevin Lee

@kevinleeme

6 Jan

If you are still using Carta for cap table management, consider switching to @AngelListStack We're in the process of switching over now. Rationale below: 1/ AL Equity will always be significantly cheaper (for us, it's 65% cheaper vs. Carta) because they don't increment your…

Karri Saarinen

@karrisaarinen

5 Jan

This might be the end of @cartainc as the trusted platform for startups. As a founder it feels kind shitty that Carta, who I trust to manage our cap table, is now doing cold outreach to our angel investors about selling Linear shares to their buyers.

Sumukh Sridhara

@sumukhsridhara

9 Nov 2023

I'm hosting a keynote session at @AngelList's annual conference on Friday at 10am PT. Two years ago: We introduced Roll Up Vehicles. Last year: We announced our cap table product. This year: ??? RSVP below & tune in on Friday to find out: confidential.angellist.com

Sumukh Sridhara

@sumukhsridhara

13 Sep 2023

Last week I said that I was confident most online cap tables are wrong. After we released this, we found thousands of errors in companies that used to use Carta. Example: SAFE was recorded in Carta incorrectly & the investor was issued fewer shares than they should have.

avlok

@avlok

7 Sep 2023

AngelList’s Tie Out detects material cap table errors from legacy cap table providers every day Most companies have given too much or too little equity to their holders If your cap table doesn't have auto tie outs, you're taking on material risk Ofc, we bundle w Cap Tables