Skip to main content

$3 billion Carta bypassed its Marketing VP to include this 'offensive' slide citing slavery in its Series E pitch-deck: lawsuit

* Carta disregarded its vice president of marketing's objections to a slide referencing "slavery" and startup equity ownership, according to a lawsuit filed Tuesday. * Emily Kramer was subject to gender discrimination and retaliation during her two year stint as the only female executive at Carta, according to the complaint. * She was excluded from decision-making and reprimanded when she objected to including the slide on the grounds that it was "offensive," the complaint says. * Carta spokeswoman Lauren O'Mahony declined to comment on the lawsuit. * Visit Business Insider's homepage for more stories. When Carta was fundraising in 2019 for what would become a $300 million funding round led by Andreessen Horowitz, the company included a depiction of feudal fieldworkers that rubbed some people the wrong way. That slide, and how the company handled it, is a key detail in a new lawsuit filed Tuesday by Carta's former vice president of marketing, Emily Kramer, who claimed she was excluded from the pitchdeck process and reprimanded when she tried to stop the company from displaying the slide at a big tech conference. A screenshot of the slide, obtained by Business Insider, shows a short timeline of labor, beginning with "slavery" and ending with "ownership". "Ownership" is a reference to Carta's main product, an equity management software which helps startups track who owns shares in the company. Kramer said she was concerned that having the word "slavery" in a pitchdeck would be triggering for its viewers, but that she was reprimanded when she suggested it be removed. She told both Ward and human resources that she found the slide "offensive" but it stayed in the pitchdeck, according to the complaint.  "It's just an insensitive slide and a message that could be told in a much more thoughtful and mindful matter," Kramer told Business Insider. The pitchdeck is just one example in the lawsuit, which alleges that Kramer was subject to gender discrimination and retaliation during her two year stint as the only female executive at the company. Kramer stepped down in November 2019, after Carta CEO Henry Ward called her an "asshole" and told her she had been given "passes" because she is a woman, according to the suit. Carta spokeswoman Lauren O'Mahony declined to comment on the lawsuit. SEE ALSO: A female exec is suing $3 billion Carta, alleging that the CEO likened her to an alcoholic who needed to recover from her 'a--hole' problem Join the conversation about this story » NOW WATCH: Why American sunscreens may not be protecting you as much as European sunscreens
https://bit.ly/3jxFq8m

Popular posts from this blog

Why an early exec quit unicorn food delivery startup Deliveroo to launch a food business in the middle of a pandemic

* A former Deliveroo exec has launched a market food hall startup in the middle of COVID-19. * Dan Warne was managing director of the unicorn startup until 2019, but has now launched Sessions Market as a community food hall concept to rejuvenate UK towns after the pandemic. * Warne says he hopes to bring his experience from Deliveroo, particularly about customer behavior, to the analogue world of food halls. * The first venue, Shelter Hall on Brighton seafront, launches July 4. * Visit Business Insider's homepage for more stories. On Saturday, the UK's bars, restaurants, and cinemas will fling their doors open to customers for the first time since a strict lockdown commenced in late March. Given continued public health concerns around the coronavirus pandemic, it might be unwise to open a new food business right now. But Dan Warne, a former high-level executive at British unicorn startup Deliveroo, has launched Sessions Market, a series of community-orientated food hal...

'What is the X-Ray feature on Amazon Prime Video?': How to find and view bonus material about TV shows and movies

* X-Ray is an exclusive feature on Amazon Prime Video that displays bonus material about a show or movie, similar to the bonus features on a DVD. * X-Ray can show you information about the actors in a scene, the musical soundtrack, trivia, and more. * To activate X-Ray, you generally only need to click or tap within a video that's currently playing.   * Visit Business Insider's Tech Reference library for more stories. Amazon Prime Video's X-Ray feature is, at least for now, not available on any other video streaming service. X-Ray works like the bonus features you find on a DVD or Blu-ray. With just a few clicks or taps, you can get additional information about many of the TV shows and movies on Prime Video. When you activate X-Ray, Prime displays an overlay on top of your show, offering additional information.  Check out the products mentioned in this article: Amazon Prime Video ($8.99 a month at Amazon) Roku (from $49.99 at Roku) There are several kinds of info...

Here are the 9 health-tech startups that got coronavirus stimulus loans to keep workers employed during the pandemic

* The Paycheck Protection Program, created by Congress as part of a $2 trillion coronavirus bailout, helped small businesses stay afloat as they struggled economically during the pandemic.  * Businesses were allowed to qualify for up to $10 million in loans.  * On Monday, the Trump administration released the list of companies that borrowed most of the money. We spotted some applications from health-tech companies among their ranks, many of which are backed by venture capital firms.  * Companies that applied for loans include ZocDoc, HealthTap, Bright.md, and Wildflower Health. * For more stories like this, sign up here for our healthcare newsletter, Dispensed. Health-tech startups were among the recipients of federal loans intended to help small businesses stay afloat during the coronavirus pandemic.  Several of the startups have raised tens of millions from venture capital firms. Still, their business models became strained amid the pandemic, they told Business Insider.  Eve...