# Hamza Shad

Hamza Shad is an insights manager at Carta, where he analyzes data on the VC and startup ecosystem. Previously, he conducted research on entrepreneurship in emerging markets at Endeavor.

## Latest from Hamza Shad

**featured article**  
**State of Private Markets: Q2 2024**  
In Q2 2024, the venture ecosystem showed modest signs of improvement.

**Data & Research**  
**July 2026**  
Interact with Carta data using the Round Benchmarking Tool  
Discover real-time insights on round sizes, valuations, and dilution with Carta's Round Benchmarking Tool. Tailor benchmarks by stage, sector, and region.

**Data & Research**  
**July 2026**  
As PE’s exit math changes, investors are finding new ways to drive portfolio growth  
PE firms are holding onto portfolio companies longer than they used to, and standout exits have grown increasingly rare. In response, the PE industry is finding new ways to drive growth and work toward the exits they need.

**article**  
**June 2026**  
Tender offer volume is skyrocketing  
Carta's H1 2026 tender offer data shows 71 deals totaling $3B — a multi-year high that signals venture liquidity has entered a new era.

**article**  
**June 2026**  
What the biggest tech IPOs tell us about the economy  
The massive IPO of SpaceX last week prompted me to look back at the largest tech debuts on US stock exchanges since 2000.

**article**  
**June 2026**  
The elusivity of DPI: our Q1 Fund Performance Report  
Our latest Fund Performance Report covering Q1 2026 just dropped!

**article**  
**May 2026**  
New metro rankings, per capita!  
What makes a great venture ecosystem? We could list a host of factors: infrastructure, institutions, networks, money…and of course, people.