“However nervous and anxiety ridden you are about this market, just know that your VCs are equally anxiety ridden unless they work at Andreessen or Sequoia because their fundraising process is super hard right now.”
quote is from the automated transcript, cleaned for reading:
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More from Peter Walker
AssertionSupported
Carta Data: Only 4% of SAFE Bridge Startups Reach Series A
“If you took a bridge on a safe or a note after you had already raised price funding, so this is all about priced seeds to price series A, the percentage on the convertible bridges was four percent.”
Peter WalkerMay 22, 2025▶ 16:59Q1 2025: The Seed to Series A Gap is Wider Than Ever. Here's what to do. | Peter Walker, Head of ... · PMF Show
AssertionOpen · timeframe Feb 2025
Carta Data: Only 4% of SAFE/Note Seed Bridges Reach Series A
“The percentage of companies that raised a seed round in twenty-twenty and then have raised some sort of bridge capital since then on a safe or a note. Only four percent of companies that fall into that bucket have gotten to a series A. Four percent versus like…”
Peter WalkerFeb 13, 2025▶ 10:11Why new Carta data shows bridge rounds might be worse than you think. | Peter Walker, Head of Ins... · PMF Show
AssertionSupported
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 WalkerMay 25, 2026▶ 3:06Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
PredictionNot 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 WalkerMay 25, 2026▶ 4:20Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
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 WalkerMay 25, 2026▶ 9:52Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
Insight
Walker: Billion-Dollar Exits No Longer Return Funds at Current Series A Valuations
“Getting to a billion dollars, you're investing in this kind of Series A, it doesn't even come close to returning the fund. You know, unicorns are not the vibe anymore. It's Decacorns Plus.”
Peter WalkerMay 25, 2026▶ 11:32Q1 2026 w/Carta: What you need to raise a Series A. | Peter Walker, Head of Insights at Carta · PMF Show
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