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The State of Venture 2025: AI Bifurcation, Down Rounds, and Secondaries with Carta’s Peter Walker

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Manage episode 517519483 series 2947913
Content provided by Jon Bradshaw and Peter Harris. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jon Bradshaw and Peter Harris or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Venture capital isn’t dead — it’s evolving. Carta’s Head of Insights, Peter Walker, joins Jon Bradshaw and Peter Harris to unpack what the data really says about the 2025 market. From the AI-fueled bifurcation to shrinking equity packages and a wave of secondaries, this episode breaks down how founders, VCs, and LPs are adapting in real time.

Peter shares Carta’s inside view on:

  • The comeback of deal flow and valuations
  • Why down rounds are easing but hiring hasn’t rebounded
  • How founder dilution and equity norms have shifted
  • The rise of liquidity via secondaries and fund-to-fund capital
  • What signals matter most heading into 2026

If you care about where venture is heading next — this is the episode.

Follow the Podcast
Instagram: https://www.instagram.com/venturecapitalfm/
Twitter: https://twitter.com/vcpodcastfm
LinkedIn: https://www.linkedin.com/company/venturecapitalfm/
Spotify: https://open.spotify.com/show/7BQimY8NJ6cr617lqtRr7N?si=ftylo2qHQiCgmT9dfloD_g&nd=1&dlsi=7b868f1b72094351
Apple: https://podcasts.apple.com/us/podcast/venture-capital/id1575351789
Website: https://www.venturecapital.fm/

Follow Jon Bradshaw

LinkedIn: https://www.linkedin.com/in/mrbradshaw/

Instagram: https://www.instagram.com/mrjonbradshaw/
Twitter: https://twitter.com/mrjonbradshaw

Follow Peter Harris
LinkedIn: https://www.linkedin.com/in/peterharris1

Twitter: https://twitter.com/thevcstudent

Instagram: https://instagram.com/shodanpete

Youtube: https://www.youtube.com/@peterharris2812

  continue reading

110 episodes

Artwork
iconShare
 
Manage episode 517519483 series 2947913
Content provided by Jon Bradshaw and Peter Harris. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Jon Bradshaw and Peter Harris or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Venture capital isn’t dead — it’s evolving. Carta’s Head of Insights, Peter Walker, joins Jon Bradshaw and Peter Harris to unpack what the data really says about the 2025 market. From the AI-fueled bifurcation to shrinking equity packages and a wave of secondaries, this episode breaks down how founders, VCs, and LPs are adapting in real time.

Peter shares Carta’s inside view on:

  • The comeback of deal flow and valuations
  • Why down rounds are easing but hiring hasn’t rebounded
  • How founder dilution and equity norms have shifted
  • The rise of liquidity via secondaries and fund-to-fund capital
  • What signals matter most heading into 2026

If you care about where venture is heading next — this is the episode.

Follow the Podcast
Instagram: https://www.instagram.com/venturecapitalfm/
Twitter: https://twitter.com/vcpodcastfm
LinkedIn: https://www.linkedin.com/company/venturecapitalfm/
Spotify: https://open.spotify.com/show/7BQimY8NJ6cr617lqtRr7N?si=ftylo2qHQiCgmT9dfloD_g&nd=1&dlsi=7b868f1b72094351
Apple: https://podcasts.apple.com/us/podcast/venture-capital/id1575351789
Website: https://www.venturecapital.fm/

Follow Jon Bradshaw

LinkedIn: https://www.linkedin.com/in/mrbradshaw/

Instagram: https://www.instagram.com/mrjonbradshaw/
Twitter: https://twitter.com/mrjonbradshaw

Follow Peter Harris
LinkedIn: https://www.linkedin.com/in/peterharris1

Twitter: https://twitter.com/thevcstudent

Instagram: https://instagram.com/shodanpete

Youtube: https://www.youtube.com/@peterharris2812

  continue reading

110 episodes

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