JOBS Act Enacted

The Jumpstart Our Business Startups (JOBS) Act was signed into law, aiming to encourage funding of small businesses by easing securities regulations. Key provisions made it easier for private companies to raise capital and remain private for longer.

Significance

This act indirectly fueled the need for sophisticated equity management by increasing the number of private companies with complex ownership structures and delayed IPOs, making manual cap table management unsustainable and increasing the demand for platforms like Carta.