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The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Yeah.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Well, it kind of watered it down over the course of a couple of years, too.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Like, we went through this phase where everything was suddenly an AI tool when they bolted a chatbot on the side.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

That's right.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Always a chatbot.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

And then last year, everything was an agent, even if it wasn't an agent.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Right, right.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

I think that's kind of turned around to bite folks a little bit.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Yes.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

You need a degree to learn to work them kind of tools.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

That makes sense.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Well, let's talk a little bit about equity and talent.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

If I'm an early employee considering joining a startup right now, what does the equity landscape look like compared to a few years ago?

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

What should I maybe expect and look out for?

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

They're just getting more money.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Yeah.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

Yeah, and this is very subjective, but it doesn't feel like we're feeling any signs of this slowing down.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

I feel like from a news volume, from a new companies, new tools perspective, I feel like it's consistently moving faster than, say, the previous quarter.

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

If I try to look at it in chunks, I mean, I don't have any data to base that on, but just as far as from a...

The Neuron: AI Explained
Carta’s CMO Reveals What’s Really Happening to Startups

what we're seeing at the neuron perspective, it feels like there's a velocity, if that makes sense.