Case Study: Mutiny saves time and money on equity management with Carta

How a Y Combinator founder maintained a cap table that was 50 percent women

Mutiny, a Y Combinator–backed personalization startup led by CEO Jaleh Rezaei, outgrew a free cap-table tool that was finicky, hard to share with investors, and insufficient for required 409A valuations as the company began hiring. To manage SAFEs, cap table complexity, and get compliant valuations, Mutiny chose Carta’s starter package for equity and 409A management.

Carta helped Mutiny upload SAFEs (with lawyer access), automate equity issuance, provide yearly 409A valuations, and give a holistic cap table view—now 33 stakeholders use Carta. The switch delivered faster 409A turnaround and automated onboarding, and Mutiny’s law firm estimated clear time and cost savings per stock issuance round, while improving transparency for new hires.

Mutiny

Jaleh Rezaei

Co-Founder/CEO