60% startups dont split equity 50-50The conversation with Peter Walker covers various topics related to startups, including structuring compensation packages, equity distribution among early hires, co-founder splits, raising capital, startup failure rates, and alternative financing options. Peter shares insights based on data from Carta, providing valuable information for founders and investors. The conversation highlights the challenges and opportunities in the startup ecosystem, particularly in the context of the changing landscape in 2023. Overall, the discussion provides valuable insights into the world of startups and venture capital. In this conversation, Peter Walker discusses various aspects of venture capital and startup funding. He provides insights into different funding rounds, including pre-seed, seed, and series A. He also highlights the changing valuations in the venture capital landscape. Peter shares his thoughts on concerns about investment in SaaS startups and the differences between B2B and B2C SaaS companies. He discusses the trends he is excited about in 2024, including the shift towards capital-efficient startups and the growth of hard sciences. Peter emphasizes the importance of data storytelling and shares his perspective on the future of AI. He also discusses red flags to watch out for in cap tables.Chapters00:00 Introduction00:38 Understanding Peter Walker's Background02:21 The Best and Worst Parts of Peter's Job03:44 Structuring Compensation Packages in 202307:11 Equity Distribution Among First Five Hires10:45 Factors Influencing Co-Founder Split and CEO Background15:09 The Impact of 2023 on Startups19:11 Raising Capital as a Success Metric21:34 Startup Failure Rates and Reasons for Closure25:24 Exploring Alternative Financing Options29:18 Evaluating Startups and Factors Influencing Valuation34:13 The Use of SAFEs in Fundraising36:25 Raising Multiple SAFEs and Conversion39:46 Comparison of Valuations in Pre-Seed, Seed, and Series A Rounds41:28 Pre-Seed and Angel Rounds42:28 Seed Rounds43:26 Series A44:46 Later Stage Rounds45:29 Investor Concerns about SaaS Startups46:43 B2B vs B2C SaaS Companies48:44 Future of Crypto, Web3, and AI50:43 Trends in 202456:19 Importance of Data Storytelling58:55 Cap Table Red FlagsLeading Business PodcastCheck out the newest biz & career podcast by 9-figure founder & CEO Dave Durand, out now!Listen on: Apple Podcasts   Spotify SKEPTIC'S GUIDE TO INVESTINGSteve and Clem want to improve investor IQ, straight talk for allListen on: Apple Podcasts   SpotifyConnect with Mudassir ? YouTube Channel - @prodcircleHQ ? Twitter - https://twitter.com/ProdcircleHQ? Instagram - https://instagram.com/prodcirclehq? Website - https://prodcircle.com/? Linkedin - https://www.linkedin.com/in/mudassir-mustafa/