Six Structural Patterns Reshaping the Startup Economy

Every year, Carta releases The State of Startups report, which has become one of the most essential references for anyone in the startup world, as the company manages equity for over 40,000 companies and processes billions in startup transactions annually.

Therefore, their State of Startups report isn’t opinion; it’s the actual data on what’s happening in venture capital and startup formation.

This analysis applies the Business Engineering framework to extract hidden patterns beneath the surface numbers.

The goal: understand not just what is happening, but why it’s happening and what it means for founders, investors, and operators.