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Trey Ward
Founder of Rook and an investor/operator in hardware, software, and deep-tech businesses, focused on acquiring venture-backed technology companies with strong fundamentals but constrained access to follow-on funding.
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12 snips
Jan 13, 2026
• 20min
E281:The Tsunami of Pain Facing Venture Capital
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Trey Ward, Founder of Rook, dives deep into the challenges facing venture-backed technology companies, especially in hard-tech. He highlights the significant differences in revenue growth between software and hardware. Trey also discusses the notorious "Death Valley" that many startups face, where funding runs dry before profits emerge. He emphasizes the importance of distinguishing between failed companies and those with unrealized potential and shares insights on how profitability can provide a lifeline for founders amid declining venture funding.
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