Venture Math
Session 10 / 11 · Fall 2026
The numbers that matter most are the ones nobody shares.
This course reveals them.
Using Carta’s proprietary data on 40,000+ startups, we’ll take a data-driven tour through the startup lifecycle—from co-founder equity splits to IPO—exposing the benchmarks founders won’t share and the math investors won’t explain.
Vittorio
Lavioso
Investment Manager, Baillie Gifford ·
Edinburgh
Investment manager at Baillie Gifford, the Edinburgh firm whose long-horizon funds hold both public compounders and late-stage private companies. His work sits on the growth and private-companies side — the crossover capital that arrives after the venture rounds and stays through the public transition. Università Bocconi.
Hosted by Lorenzo Barberis Canonico,
President of Cassandra Labs
10
Growth Rounds & Series C and Beyond
Late-stage rounds bring new players — crossover funds, sovereign wealth, and hedge funds who think differently than VCs
01
How long the journey really is
02
The late-stage market
03
Unicorns, and what becomes of them
04
The fund math behind a growth cheque