Market Update: Peter Walker on 2023 VC Valuation Trends, Dry Powder, New Bubbles, Employee Trends

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Turner Novak द्वारा प्रदान की गई सामग्री. एपिसोड, ग्राफिक्स और पॉडकास्ट विवरण सहित सभी पॉडकास्ट सामग्री Turner Novak या उनके पॉडकास्ट प्लेटफ़ॉर्म पार्टनर द्वारा सीधे अपलोड और प्रदान की जाती है। यदि आपको लगता है कि कोई आपकी अनुमति के बिना आपके कॉपीराइट किए गए कार्य का उपयोग कर रहा है, तो आप यहां बताई गई प्रक्रिया का पालन कर सकते हैं https://hi.player.fm/legal।

8M ago 1:26:58

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Subscribe to my newsletter The Split for new episodes emailed every week: https://www.thespl.it/ Brought to you by Attio, the next generation of CRM: https://bit.ly/AttioThePeel Peter Walker is Head of Insights at Carta and writes a newsletter called “The Data Minute”, a weekly newsletter highlighting data from over 43,000 private tech companies that use Carta’s platform to manage their cap table. He gives us into a deep dive on VC valuation trends, the fundraising landscape, and startup strategies. Timestamps:

(00:00) Intro

(04:50) Valuation trends in 2023

(08:10) Why Seed valuations went up over the past two years

(12:27) AI startups are getting higher valuations

(17:40) Why Biotech might be the next big bubble

(19:15) Boston as the 2nd largest VC ecosystem

(21:15) How SAFE’s work

(24:06) The impending SAFE reckoning

(26:13) Why startups don’t pay dividends

(28:31) Downrounds were 2x more common in 2023

(32:11) Almost half of all 2023 Series As were extensions

(35:34) Is there really a lot of dry powder?

(40:43) The emerging manager fundraising landscape

(48:19) Exit environment

(51:45) Why pre-Series B is the most common acquisition stage

(52:47) Liquidation preference & why an acquisition at Seed might make a founder more money than at a Series B

(55:59) Compensation market data

(56:38) Why the number of total startup employees shrank in 2023

(57:38) Why startup employees aren’t exercising their options

(1:00:57) Health of the secondary markets

(1:04:51) Most co-founder splits aren’t 50/50

(1:06:47) Why you should always vest co-founder equity

(1:09:30) 2023 record year for startup shutdowns

(1:17:19) Will other startup ecosystems ever catch Silicon Valley? Links: Carta’s Q4 ‘23 Private Market Report: https://carta.com/blog/state-of-private-markets-q4-2023/ Peter’s Newsletter: https://carta.com/subscribe/data-newsletter-sign-up/ Where to find Peter: Twitter: https://twitter.com/PeterJ_Walker LinkedIn: https://www.linkedin.com/in/peterjameswalker/ Where to find Turner: Twitter: https://twitter.com/TurnerNovak LinkedIn: https://www.linkedin.com/in/turnernovak/ Newsletter: https://www.thespl.it/

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