# Carta’s 2025 AI Funding & Equity Insights | Peter Walker

Page: https://stenobird.com/podcast/agentic-7102051/carta-s-2025-ai-funding-equity-insights-peter-walker
Text version: https://stenobird.com/podcast/agentic-7102051/carta-s-2025-ai-funding-equity-insights-peter-walker.md
Podcast: [Agentic](https://stenobird.com/podcast/agentic-7102051)
Published: 2025-04-08T16:59:59+00:00
Episode link: https://untapped.ventures/
Audio file: https://cdn.simplecast.com/audio/1a8db8ef-5171-4345-bfe1-20d8e8479caf/episodes/a81f04c5-c47b-41bb-b83f-40df1cb1e565/audio/31f1ceb1-2d47-4f20-84e6-2c5f82f69da0/default_tc.mp3?aid=rss_feed&feed=xej8sQ6k
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/agentic-7102051/episodes/carta-s-2025-ai-funding-equity-insights-peter-walker
Duration seconds: 3311

## Resource

Everyone has opinions about founder equity, funding timelines, and valuations—but Peter Walker holds the data. In this special live Agentic session, I sat down with Peter, Head of Insights at Carta, to unpack what’s actually happening beneath the surface in early-stage AI startups. Peter’s team has a privileged vantage point—cap tables, valuations, and hiring data across 45,000 startups and 83% of U.S. unicorns. We explore:a common equity mistake that’s quietly killing fundraising chanceswhy AI founders are raising bigger rounds… and keeping more of their companieshow lean teams are pushing out serious ARR—and what that means for hiringthe valuation delta between AI and non-AI startups—and why that window may be closingIf you’re raising, hiring, or advising an AI startup in this market, this one’s for you.If you’re in the early innings of building something in AI, especially if you’re figuring things out from first principles—let’s chat. Connect with us here:Peter Walker: https://www.linkedin.com/in/peterjameswalker/George Bandarian: ⁠https://www.linkedin.com/in/georgebandarian/⁠Untapped Ventures:⁠ https://www.linkedin.com/company/untappedventures00:00 Trailer01:26 Introduction02:44 Untapped Ventures08:39 Carta10:34 Early Equity25:05 Venture Context34:47 AI Story51:04 Questions54:48 Outro

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/agentic-7102051/episodes/carta-s-2025-ai-funding-equity-insights-peter-walker/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/agentic-7102051/carta-s-2025-ai-funding-equity-insights-peter-walker.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.