[HN Gopher] Open Source Carta Alternative - Cap.octolane.com
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Open Source Carta Alternative - Cap.octolane.com
Author : coffeewithone
Score : 68 points
Date : 2024-01-12 06:28 UTC (16 hours ago)
(HTM) web link (cap.octolane.com)
(TXT) w3m dump (cap.octolane.com)
| coffeewithone wrote:
| Check us out at https://cap.octolane.com
| Halim-Rafi wrote:
| Wow is this fully open source!
| coffeewithone wrote:
| Yes Sir!!!
| dickfickling wrote:
| HN highlights your username in orange to indicate that you're a
| YC founder, and shows that you're a founder of Octolane on your
| profile. Disingenuous comments like this on a forum like HN are
| strongly discouraged.
| the_only_law wrote:
| > HN highlights your username in orange to indicate that
| you're a YC founder
|
| Huh? The username looks like any other to me. The only other
| color I ever see is green for new accounts.
| dickfickling wrote:
| ah i think it's a feature for YC founders to identify each
| other, might not be on for everyone
| SOLAR_FIELDS wrote:
| Interesting hadn't heard of this hidden feature. No,
| ordinary users of the site cannot see this.
| throwaway5959 wrote:
| Co-pillot?
| Halim-Rafi wrote:
| Introducing copilot would be amazing
| throwaway5959 wrote:
| The site has misspelled co-pilot. :)
| coffeewithone wrote:
| Thank you for flagging this! Fixing it now!
| leastangle wrote:
| With LTSE Equity also closing its doors, it's nice to see open-
| source cap table management solutions!
| coffeewithone wrote:
| Thank you!
| coffeewithone wrote:
| This is just the start!
| darkwater wrote:
| What is Carta? What is a cap table?
| coffeewithone wrote:
| Carta platform for startups/companies to manage their equity,
| valuations, and cap tables. Cap table is a table (People also
| use spreadsheet for this) showing and tracking who has
| ownership and in what proportion at a startup/company.
| kylegalbraith wrote:
| I would probably change your site title :)
|
| Cool idea. I'll be watching to see how it evolves.
| Halim-Rafi wrote:
| You are cordially welcome to contritbute
| coffeewithone wrote:
| Thank you so much for flagging this! Updating it now!
| paulgb wrote:
| I'm glad to see open source alternatives emerging. That said, a
| lot of the value in existing cap table software is in the
| auxiliary services, particularly 409a valuations.
|
| I would love to see 409a valuations unbundled from the table
| management software, so the ideal case is for vendors to emerge
| who can work with data from open-source cap tables.
| parkaboy wrote:
| There are tons of independent 409a providers, but the problem
| is that most charge absurd rates (for early stage startups at
| least), which is one of the ways vendors like Carta get
| startups hooked in and paying. You're basically getting "free"
| cap table software as a perk for paying for a reasonably priced
| 409a.
|
| That said, as a data point, our startup recently did an
| independent 409a with EQVista, who had very reasonable pricing.
| They also have their own cap table management, but we don't use
| it.
| Halim-Rafi wrote:
| 100% agree. 409a valuation is a challenging part. We would love
| everyone's support building it.
| fblp wrote:
| I'd imagine the valuation software is actually pretty straight
| forward and maybe libraries iike this could be used for the
| various 409a valuation methods:
| https://github.com/topics/discounted-cash-flows Then you could
| build a network of third party advisors who would sign off on
| the valuation.
| coffeewithone wrote:
| Thank you for sharing the library, seems pretty useful as I
| am going through it!
| eladbs wrote:
| Love the (not so) hidden rick roll!
| coffeewithone wrote:
| ^_^ "Never gonna let you down" is going to be our company tag
| line!
| euph0ria wrote:
| What is the process to migrate Carta to Octolane? Do we need to
| cancel existing certificates or what are the steps?
| tomeqvista wrote:
| paulgb - Hi, I'm http://eqvista.com founder and can be reached at
| tom@eqvista.com Thank you so much for your support.
|
| And yes, most 409a Valuation providers charge absurd rates!
|
| We charge $990 for small startups, turn around time 5-10 days,
| and we do close to 100 valuations monthly.
|
| We do stand-alone 409as as well.
| michaeltan07 wrote:
| Cool that someone hacked quickly to build something like this
| amidst all the recent Carta chaos
| ayushjain123 wrote:
| Very promising. Going to integrate with this system now. Founders
| seem very strong.
| coffeewithone wrote:
| Thank you so much!! Will push this project more with our open
| source contributors!!
| warthog wrote:
| This seems like a growth experiment for your main domain or you
| are looking for a pivot and validating demand.
|
| Both is fine however if you wanna do this type of product OSS, it
| needs to very serious, stable almost complete and secure. Hence
| you might wanna relaunch this later to get a proper launch and
| signup flow
| coffeewithone wrote:
| That makes complete sense! Thank you so much for your
| suggestions! The project is very new and it seems like there is
| a lot of interest! We are gonna relaunch this soon with proper
| sign up flow with cloud hosting for people to try! There are
| more things that are needed to be built, so currently
| coordinating with my open source developer friends and gonna
| relaunch with a different brand name.
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(page generated 2024-01-12 23:02 UTC)