Peter Walker

30 statements across 6 episodes · 3 bullish · 10 bearish · 1 people on the record · first statement Aug 22, 2024 by Peter Walker · said 1 times in 1 episodes since 2025 · across every show →

On the record as a speaker too: Peter Walker's record, appearances and statements → this page counts the times other people say the name.

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Everything said about Peter Walker, oldest first

Aug 22, 2024 neutral
Assertion Supported
Carta Data: Smallest Seed Rounds Graduate to Series A Less Frequently
“The general gist of it was that if you raise a small seed round, that is less highly correlated with your ability to raise an A round. So it looks to be that the smallest, and there's a bell curve here where, you know, at the smallest seed rounds tend to make …”
Peter Walker Aug 22, 2024 ▶ 37:10 Q2 Early-Stage Venture Report w/ Carta’s Head of Insights: Valuations, Round Sizes, Graduation Ra... · PMF Show
Aug 22, 2024 neutral
Assertion Supported
Walker: Median dilution is 10% at pre-seed, 20% seed, 20% Series A
“If you look at the dilution per round, you're talking 10% in a pre-seed, you're talking 20% in a seed, and 20% again in your Series A. Those are the median dilution marks.”
Peter Walker Aug 22, 2024 ▶ 36:11 Q2 Early-Stage Venture Report w/ Carta’s Head of Insights: Valuations, Round Sizes, Graduation Ra... · PMF Show
Nov 8, 2024 neutral
Assertion Not checkable as stated
Walker: More founders in 2024 are turning away from venture capital
“I also think, I mean, more this year than any year that I've been focused on startups, there's just a ton of founders who are not as enamored with venture capital overall as a pathway. They're just like, yeah, maybe down the road if I need it, but pretty much …”
Peter Walker Nov 8, 2024 ▶ 32:36 VC funding is not popping back. THIS is the new normal—here's how to adjust. | Peter Walker, Hea... · PMF Show
Nov 8, 2024 neutral
Assertion Supported
Walker: VC deployment is around $20B to $22B per quarter
“Just kind of right at that 20 to twenty two billion dollars a quarter mark. And that, if you look historically in the beginning of 2020, it was pretty much, it was, it's a little bit higher than the beginning of 2020.”
Peter Walker Nov 8, 2024 ▶ 3:22 VC funding is not popping back. THIS is the new normal—here's how to adjust. | Peter Walker, Hea... · PMF Show
Nov 8, 2024 bearish
Insight
Walker: What used to secure Series A funding is no longer enough
“What used to get you a Series A no longer gets you a Series A. And it's, you know, so like the expectations have shifted. The competition has increased.”
Peter Walker Nov 8, 2024 ▶ 5:08 VC funding is not popping back. THIS is the new normal—here's how to adjust. | Peter Walker, Hea... · PMF Show
Nov 8, 2024 neutral
Prediction Not checkable as stated
Walker: Fundraising will get only slightly easier in 2025
“I'd expect as we look, maybe do a little projection ahead to 2025, like things are probably going to get a little bit better, especially with interest rates or, you know, who knows how this election is going to play into this, et cetera. But My instinct is tha…”
Peter Walker Nov 8, 2024 ▶ 3:40 VC funding is not popping back. THIS is the new normal—here's how to adjust. | Peter Walker, Hea... · PMF Show
May 22, 2025 neutral
Opinion
Walker: Giant AI Rounds Distort the Venture Capital Market
“There's a ton of time and attention and headlines that are focused on these giant AI rounds. And those are certainly happening, right? They're not unreal, but they do distort the market.”
Peter Walker May 22, 2025 ▶ 3:27 Q1 2025: The Seed to Series A Gap is Wider Than Ever. Here's what to do. | Peter Walker, Head of ... · PMF Show
May 22, 2025 negative
Opinion
Walker: Non-AI Startups Face an Extremely Difficult Venture Market
“It is AI and everything else that applies to valuations, obviously, but it also applies to deal frequency, activity, demand, the like metadata around fundraising, which is if you are not a, how do I put this? Like, I love the term legible or credible startup, …”
Peter Walker May 22, 2025 ▶ 2:55 Q1 2025: The Seed to Series A Gap is Wider Than Ever. Here's what to do. | Peter Walker, Head of ... · PMF Show
Aug 21, 2025 neutral
Assertion Supported
Walker: Founding teams retain median 56% equity after priced seed round
“The founding team after their first priced round, which in this case would be a priced seed round. So real institutional capital in the business now. Own, on median, 56% of their own business.”
Peter Walker Aug 21, 2025 ▶ 47:09 Q2 2025: The new Series A Bar is $3M ARR—& only 20% of seed startups make it. | Peter Walker, Hea... · PMF Show
Aug 21, 2025 neutral
Prediction Open · timeframe Aug 2027
Walker: Carta will likely stop reporting on AI as a separate category by 2027
“I am pretty sure that in the next two years, I'm just gonna stop reporting on AI.”
Peter Walker Aug 21, 2025 ▶ 18:25 Q2 2025: The new Series A Bar is $3M ARR—& only 20% of seed startups make it. | Peter Walker, Hea... · PMF Show
Nov 27, 2025 negative
Assertion Not checkable as stated
Walker: Most Founder Inquiries Focus on Non-AI Startup Viability
“The conversation that I'm having more than any other with founders today is if I'm not in this super hot quartile, in this super hot AI circle, do I have a chance? There's like a, I wouldn't call it fatalism, but there's a definite strong negativity or sense t…”
Peter Walker Nov 27, 2025 ▶ 6:28 Q3 2025 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
Nov 27, 2025
Prediction Not checkable as stated
Walker: Startup functional payroll benchmarking will be discarded within two years
“I think that stuff is going to get thrown out the window over the next two years. It's just going to be like, do we need this person?”
Peter Walker Nov 27, 2025 ▶ 15:29 Q3 2025 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
Nov 27, 2025 negative
Assertion Supported
Walker: Startup salaries have lagged inflation since 2022 except for AI/ML
“If you looked at versus 20, 22, the salaries are up, but like not keeping pace with inflation. Everywhere except the obvious exception to that rule is AI ML engineering, which is flying.”
Peter Walker Nov 27, 2025 ▶ 15:57 Q3 2025 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
Nov 27, 2025
Assertion Not publicly verifiable
Walker: Twice as many founders take seed secondaries compared to 2021 peak
“I'll say upfront, the number of founders taking secondary after their seed round is twice as high this year as it was in 2021, which was the highest we'd ever seen.”
Peter Walker Nov 27, 2025 ▶ 33:51 Q3 2025 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
Nov 27, 2025 positive
Assertion Contradicted
Walker: Bridged startups now graduate to the next stage at higher rates
“Weirdly, in the last year, there's been a couple quarters where the companies that took a bridge More of them have made it to the next stage and the companies who haven't taken a bridge yet.”
Peter Walker Nov 27, 2025 ▶ 44:24 Q3 2025 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
Nov 27, 2025
Assertion Supported
Walker: Almost no seed-stage secondary transactions include startup employees
“While we're seeing, call it close to double the amount of founders taking something out at seed, like almost none of them have employee participation.”
Peter Walker Nov 27, 2025 ▶ 37:32 Q3 2025 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
Nov 27, 2025 bullish
Assertion Not checkable as stated
Walker: Venture Capital Preemption Rounds Have Resurged Significantly
“The preemption rounds, those are really real in a way that they haven't been in a long time.”
Peter Walker Nov 27, 2025 ▶ 44:52 Q3 2025 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
May 25, 2026 neutral
Assertion Supported
Walker: Current Series A Rounds Average $14M–$15M at $75M Post-Money
“Like, you're talking 14, fifteen million dollars raised. You're talking seventy-five million or so post-money valuations on that.”
Peter Walker May 25, 2026 ▶ 7:42 Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
May 25, 2026 bearish
Prediction Not checkable as stated
Walker: Most high-valuation AI seed startups will flop like in 2021
“I have a feeling that what's going to happen is a lot of these companies are going to flop. And we're going to do what we did in 2021 with some major, major outliers that really work. And maybe that's the whole point, but I think there's pain coming for this. …”
Peter Walker May 25, 2026 ▶ 4:20 Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
May 25, 2026 negative
Opinion
Walker: Hiring a startup's first three engineers has never been harder
“I think that like, I think hiring the number one, number two, number three engineer of the business has almost never been harder. Because the alternatives are so obviously like hitting you over the head. If you can be a founding engineer at a startup, why coul…”
Peter Walker May 25, 2026 ▶ 33:15 Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
May 25, 2026 positive
Opinion
Carta's Walker: Anxiety Around AI Gross Margins Is Overdone
“The debate about margins in this AI world, I think is candidly a little overdone, like pretty early. There's every indication that the economics might continue to change.”
Peter Walker May 25, 2026 ▶ 6:26 Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
May 25, 2026 bearish
Opinion
Walker: Series A Is the Venture Stage Deserving the Most Investor Caution
“But in aggregate, I think series A is the place that I would be most cautious about investing right now because the money is really high and these are still very young, very, very unproven businesses.”
Peter Walker May 25, 2026 ▶ 9:52 Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
May 25, 2026 bearish
Opinion
Walker: Runner-Up Startups Face Compounding Risks at Decacorn Scale
“I think historically, even though we said they were winner take all, we never actually believed it. Like you can do pretty well as number two. Now I think that is an open question, especially at the scale that you need to go back again to the Decacorn plus kin…”
Peter Walker May 25, 2026 ▶ 23:02 Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
May 25, 2026 neutral
Assertion Supported
Walker: Series A Round Sizes Have Increased 50% to $13M–$15M
“The amount raised, you know, it used to be that the amount raised was maybe more like eight to ten million dollars in a series A and now it's much more call it 13 to 15. So that's a 50% increase in the capital”
Peter Walker May 25, 2026 ▶ 8:35 Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
May 25, 2026 neutral
Assertion Open · timeframe Dec 2026
Walker: Over 35% of New Startups on Carta Are Solo-Founded
“36 or 37% of the companies on Carta that joined us this year are solo founded. A lot of those companies will end up not being venture backed. So the venture backed percentage, it's probably more like a quarter maybe.”
Peter Walker May 25, 2026 ▶ 28:45 Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
May 25, 2026 bearish
Opinion
Walker: Startup Defensibility Has Never Been Lower
“I think the defensibility has never been lower.”
Peter Walker May 25, 2026 ▶ 19:15 Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
May 25, 2026 neutral
Assertion Supported
Walker: AI foundation model seed startups reach $160M-$200M post-money valuations
“There's always this cohort of mostly candidly AI infrastructure companies that are building foundational models or building like the tech around foundational models, and they are getting valued at Just astronomical numbers. You know, I call it a 160, 170, 182 …”
Peter Walker May 25, 2026 ▶ 3:06 Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
May 25, 2026 neutral
Opinion
Walker: Many AI startups are quietly being built for early acquisition
“And I think it's, there's a lot of acquisitions happening right now, mostly for AI talent. So I think there's, candidly, I think there's a lot of companies quietly, not saying it, that are quietly being built to get acquired earlier.”
Peter Walker May 25, 2026 ▶ 34:31 Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
May 25, 2026 neutral
Assertion Supported
Walker: Typical Startup Seed Rounds Average $4M–$5M at $20M–$22M Valuations
“If you're talking a seed round, you're raising between four and five million bucks. You're probably valuing the company at 20 to 22 post.”
Peter Walker May 25, 2026 ▶ 7:25 Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
May 25, 2026 negative
Assertion Not checkable as stated
Walker: Solo Founders Are Not Granting Larger Equity Shares to Early Hires
“What I hope is that these companies, what I haven't seen so far, and what I hope happens, is that these companies that are being built by a solo founder grant equity to their early team in a different way. Like there are just higher levels of equity granted to…”
Peter Walker May 25, 2026 ▶ 29:31 Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
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