Venture Math
Session 11 / 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.
Doreen Linfoot
Doreen
Linfoot
Investments, Augment ·
Formerly Point72
Works on investments at Augment, after years on the institutional investing side including Point72. Brings a public-markets lens to the last stretch of the startup lifecycle: what the IPO actually changes for the people holding equity.
Lorenzo Barberis Canonico
Hosted by Lorenzo Barberis Canonico,
President of Cassandra Labs
11 The Public Markets Transition
The IPO isn’t the end — it’s a transition to a completely different game, and the data on founder and employee outcomes is rarely shown
01 Getting out: IPO, M&A, or neither
02 The IPO is getting rarer, and later
03 What the price does on the way out
04 Tender offers: liquidity before the exit
Date
Nov 4
Time
4:30 – 6:30pm
Location
Register & full schedule
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Venture-Math