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

In this episode of HR Heretics, Nolan and Kelli chat all things “data from Carta” with Peter Walker, Head of Insights and Data Storytelling 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 AttioAttio 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

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 Ad: Attio CRM

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

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