Venture Math
Session 07 / 11  ·  Fall 2026
The numbers that matter most are the ones nobody shares.
This course reveals them.
Using Carta’s proprietary data on 40,000+ startups, we’ll take a data-driven tour through the startup lifecycle—from co-founder equity splits to IPO—exposing the benchmarks founders won’t share and the math investors won’t explain.
Peter Walker
Peter
Walker
Head of Insights, OpenRouter ·
Former Head of Insights, Carta
Head of Insights at OpenRouter, where he tells the story of AI through usage data across hundreds of models. Formerly Head of Insights at Carta, where for five years he built the team behind the charts on fundraising, dilution and founder equity — drawn from tens of thousands of private companies — that this course is built on and that became some of the most widely shared data in venture.
Lorenzo Barberis Canonico
Hosted by Lorenzo Barberis Canonico,
President of Cassandra Labs
07 Inside the Data: What 40,000 Cap Tables Actually Show
Every benchmark in this course came from somewhere. This session goes behind them — how the numbers are built, what they can and cannot tell you, and how to read a median against your own deal.
01 Where the benchmarks come from, and what they miss
02 Reading a percentile: the median vs. your deal
03 What the data says founders get wrong
04 The numbers nobody publishes
Date
Nov 10
Time
4:30 – 6:30pm
Location
Chou Hall N100
Register & full schedule
hilarious-droplet-6be.notion.site/
Venture-Math