SAN FRANCISCO, November 2, 2022 /PRNewswire/ — Sequoia®, the pioneer of Total People Investment, today announced its role as a new member of the Open Cap Table Coalition, a cross-industry group collaborating to improve interoperability, transparency and portability of startup capitalization Data. The task force includes 55 leading law firms that advise emerging companies, major software vendors, venture capitalists and other essential members of the startup ecosystem.
Zack Rokosdirector of Total Rewards at Sequoia, was appointed by the coalition to represent Sequoia because of his experience advising technology and life sciences clients through all stages of growth in the rewards space, and its expertise in designing total compensation data and HR software solutions.
“Managing and exchanging capitalization data is a time-consuming and frustrating process for so many startups,” Kyle Holm, Vice President of Total Rewards Advisory at Sequoia. “The Open Cap Table Coalition is committed to refining a standard cap table format to enable easier collaboration and greater transparency of a company’s ownership structure and related information.”
The Coalition started in July 2021 with founding members including Carta; Cooley; Fenwick and West; Goodwin Procter; Gunderson Dettmer; LTSE software; Morgan Stanley | Shareworks; Orrick, Herrington and Sutcliffe; and Wilson Sonsini Goodrich & Rosati. For more information about the Open Cap Table Coalition, you can visit opencaptablecoalition.com or email them at [email protected]
About Open Capital Table Coalition
The Open Cap Table Coalition is an association of more than 45 law firms, equity management providers and other players in the startup ecosystem, aiming to improve table interoperability, transparency and data portability. capitalization of startups.
Sequoia is the pioneer of Total investment in people. We help people-focused companies design, deploy and optimize people investment strategies that drive engagement and business results. Through expert guidance and the Sequoia People platform, our Total Rewards, Benefits, Wellness, Human Resources and Payroll and Business Protection offerings are part of a a higher strategic role, allowing companies to manage their global investments in people, with reduced administrative burdens and more in-depth employee support. and support.
For more than 20 years, people-centric companies have turned to Sequoia to unlock the full potential of their business and their global workforce. Visit Sequoia.com or follow us on LinkedIn to learn more.
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SOURCE Sequoia Consulting Group