Trey Ward

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263 appearances 1 recordings 1 series first heard Jan 2026 last heard 13 Jan

Trey Ward’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jan 2026 with 1.

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They can't raise new money.

So what's going to happen to them?

And that brings us to numbers, like larger numbers.

So that was 1,700 companies.

There were 10,000 companies that raised a Series A from 2019 to 2021.

And the reason I know no one's coming to save them is data piece number two.

Look at the amount of capital that venture firms have raised.

If you look at 2019 and 2020, it was pretty good.

You look at 21 and 22, it doubled.

We're talking about $188 billion-ish per year in those years.

So a lot of money flows in.

In 23, it dropped to half.

In 24, it's down again.

In 25, it's even lower.

There is not enough money.

There really isn't enough money to keep servicing these businesses.

It just doesn't exist.

That brings me to the third data point, which is graduation rates, right?

And you're going to notice everything keeps pointing to this gravity moment.

You can't escape it.

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