The State of Startups in 2023 and 2024: A Conversation with Peter Walker of Carta

Playback speed

Share post at current time

Share from 0:00

0:00

The State of Startups in 2023 and 2024: A Conversation with Peter Walker of Carta

Data storytelling and comp with Carta's Peter Walker

HR Heretics

Apr 04, 2024

Transcript

In this episode, Nolan and Kelli chat all things “startups data from Carta” with Peter Walker, Head of Insights at Carta.

They discuss Carta’s comprehensive report on startup compensation trends in H2 of 2023 influencing the flow of “dry powder” and the alarming increase in startup shutdowns. Peter proves VC’s will have less leeway in 2024 to throw good money after bad forecasting an even tougher year ahead.

The team also discuss honesty in HR around equity structures, including liquidation preferences, and Peter offers advice for job candidates on evaluating startup offers with an investor's mindset.

HR Heretics is a podcast from Turpentine.

Share this with your friends, forward to your enemies. Hit subscribe now.

This episode is brought to you by Attio
Attio is the next generation of CRM. It’s powerful, flexible and easily configures to the unique way your startup runs, whatever your go-to-market motion. The next era deserves a better CRM. Join OpenAI, Replicate, ElevenLabs and more at https://bit.ly/AttioHRHeretics

LINKS:
Peter writes “The Data Minute”, a weekly newsletter highlighting data from over 43,000 private companies that use Carta’s platform to manage their cap table.

KEEP UP WITH PETER, NOLAN, + KELLI ON LINKEDIN

Peter: https://www.linkedin.com/in/peterjameswalker/

Nolan: https://www.linkedin.com/in/nolan-church/

Kelli: https://www.linkedin.com/in/kellidragovich/

TIMESTAMPS:

(00:00) Intro: Peter Walker and Startup Compensation Trends

(00:39) VC in 2023: Dry Powder and Capital Deployment

(03:02) 2023's Investment Distribution: Early vs. Late Stage

(07:43) Startup Shutdowns and Future Predictions

(11.13) Sponsor: Attio CRM

(12:09) The M&A Market: Challenges and Realities for Startups

(15:05) The Impact of the Economic Shift on Startup Hiring and Industry Trends

(21:59) Job Offers in Today's Market

(22.30) Valuations and Equity in Job Negotiations

(24:07) Key Questions Candidates Should Ask About Equity

(25:34) Understanding Equity and Liquidation Preferences

(27:59) Transparency in Startup Equity

(30:17) Educational Resources and Support for Job Candidates

(34:22) Options vs. RSUs in Late-Stage Companies

(37:35) Startup Compensation

(41:21) The Equity Dilemma: Exercising Options and Market Realities

(42:32) Post Termination Exercise Window

(43:49) Wrap

0 Comments

“HR Heretics” | How CPOs, CHROs, Founders, and Boards Build High Performing Companies

After a decade+ of “blitz-scaling” companies, HR, talent, and People leaders now face an uncertain economy that has already seen big booms and busts. What will it take to construct the next generation of incredible businesses – and where can people leaders have the most business impact?

Hosts Nolan Church and Kelli Dragovich have been through it all, the highs and the lows – IPOs, layoffs, executive turnover, board meetings, culture changes, and more. With a lineup of industry vets and experts, Nolan and Kelli break down the nitty-gritty details, trade offs, and dynamics of constructing high performing companies. Through unfiltered conversations that can only happen between seasoned practitioners – Kelli and Nolan dive deep into the kind of leadership-level strategy that often happens behind closed doors.

This show is for those who are ready to ditch conventional wisdom and figure out from first principles what works for their culture, business model, and industry, with the goal of building a resilient and enduring company. You’ll come away with real guidance for seeing around corners, building enduring companies, and carving out an impactful career – plus a newly-honed bullshit detector.

Topics frequently touched on in this season include: building high performing cultures, compensation negotiation, performance reviews, company design, equity, M&As, recruiting the best talent, and how to manage your own psychology as a people leader.

Listen on