Henry Ward

19 statements across 6 episodes · 7 bullish · 2 bearish · 5 people on the record · first statement May 23, 2016 by Manu Kumar · said 37 times in 13 episodes since 2019 · across every show →

On the record as a speaker too: Henry Ward's record, appearances and statements → this page counts the times other people say the name.

Mentions by year

brought up most by Harry Stebbings (22), Jana Messerschmidt (9), Manu Kumar (3), Sumit Gajri (2), Katie Stanton (1)

tap a year for its mentions
00103206201920202021202220232024episodesmentions
036201920202021202220232024episodes it came up in
002346201920202021202220232024episodesmentions per episode
2024 1 mention in 1 episode
2022 1 mention in 1 episode
2020 17 mentions in 5 episodes 3 per episode
2019 18 mentions in 6 episodes 3 per episode

every mention, scene by scene, with the transcript →

Everything said about Henry Ward, oldest first

May 23, 2016 positive
Disclosure
Kumar: I pitched Henry Ward on the original concept for eShares
“EShares is one of my portfolio companies. And in fact, it's a company that I co-founded. And in the case of that company I was talking with Henry Ward, who's, who's my co-founder in that company about his previous company that he was working on. And I just rea…”
Manu Kumar May 23, 2016 ▶ 17:22 20VC: K9's Manu Kumar on His Approach To Risk, Valuation & Believing What Other People Don't
Jan 6, 2017 negative
Assertion Not checkable as stated
Early investors criticized eShares for lacking a billion-dollar outcome path
“And that's been true for us for the beginning is that investor criticism of eShares is there isn't line of sight to a big outcome.”
Henry Ward Jan 6, 2017 ▶ 6:35 20VC: eShares' Henry Ward on Why Portfolio Theory Is Wrong? Why Investors Will Never Take Market Risk & Why You have To Have A Line of Sight To A $Bn Outcome
Jan 6, 2017 positive
Disclosure
Manu Kumar promised seed funding if Henry Ward solved stock certificates
“Manu and I were having lunch one day and he said, you know, I have this problem, this stock certificate problem. I would love for a company to exist to solve it. If you'll start the company, I'll invest in it.”
Henry Ward Jan 6, 2017 ▶ 3:22 20VC: eShares' Henry Ward on Why Portfolio Theory Is Wrong? Why Investors Will Never Take Market Risk & Why You have To Have A Line of Sight To A $Bn Outcome
Jan 6, 2017 positive
Insight
Management and investor alignment is stronger in private markets than public
“I think one of the reasons that private companies work well and are working better and better is that the alignment of management and investors is more highly aligned in the private world than they are in the public world.”
Henry Ward Jan 6, 2017 ▶ 14:42 20VC: eShares' Henry Ward on Why Portfolio Theory Is Wrong? Why Investors Will Never Take Market Risk & Why You have To Have A Line of Sight To A $Bn Outcome
Jan 29, 2018 positive
Assertion Not checkable as stated
eShares CEO Henry Ward deputizes board directors to adopt specific business units
“Like, I think Henry's cultivated a relationship with his board very well. In part by deputizing his directors to adopt business units inside of the company and engage with these teams running these units regularly.”
Andrew Parker Jan 29, 2018 ▶ 10:59 20VC: Investing Lessons From Fred Wilson and Brad Burnham @ USV, How CEO's Can Operationally Utilise Their Board & The Single Most Important Quality of A CEO with Andrew Parker, General Partner @ Spark Capital
Apr 12, 2019
Insight
Ward: Equity grows exponentially while payroll accumulates linearly, causing wealth inequality
“Payroll is a debt product. With bi-monthly coupons, equity is a capital product, and in any economy, whether it's GDP for the nation or the Silicon Valley economy, any economy that's growing, by definition, equity accumulates exponentially, but debt accumulate…”
Henry Ward Apr 12, 2019 ▶ 31:25 20VC: Carta Founder Henry Ward on Why The Best Companies Are Not Product Led But Distribution Led, 3 Requirements Needed For A New Market/Investment To Be Exciting and Why Small Markets Are So Attractive
Apr 12, 2019
Insight
Ward: Executive half-life is short because companies scale non-linearly
“Companies scale non-linearly, but people scale linearly. And that's why executive half-life is so short.”
Henry Ward Apr 12, 2019 ▶ 6:50 20VC: Carta Founder Henry Ward on Why The Best Companies Are Not Product Led But Distribution Led, 3 Requirements Needed For A New Market/Investment To Be Exciting and Why Small Markets Are So Attractive
Apr 12, 2019
Insight
Ward: Startup founders must accept constant fires and let non-critical issues burn
“Sometimes you just have to let things burn, and it was super powerful for me, because it left me off the hook of, I have to fix everything today, that I can let things burn, and understand that there's always going to be forest fires, and being patient, and ha…”
Henry Ward Apr 12, 2019 ▶ 37:56 20VC: Carta Founder Henry Ward on Why The Best Companies Are Not Product Led But Distribution Led, 3 Requirements Needed For A New Market/Investment To Be Exciting and Why Small Markets Are So Attractive
Apr 12, 2019
Insight
Ward: Founders are irreplaceable because they hold the company vision
“But in these mission oriented and vision oriented companies, The founder is the keeper of the mission, and so you can build all these functional pieces around the founder, but the one thing that's very hard to replace is the keeper of the vision, and so it's s…”
Henry Ward Apr 12, 2019 ▶ 8:55 20VC: Carta Founder Henry Ward on Why The Best Companies Are Not Product Led But Distribution Led, 3 Requirements Needed For A New Market/Investment To Be Exciting and Why Small Markets Are So Attractive
Apr 12, 2019 negative
Insight
Ward: Meeting VC associates and providing casual updates wastes founders' time
“Spending time with associates. I think that's Tends to be a waste of time. And I think meeting with investors to give them updates, I think that is also a waste of time.”
Henry Ward Apr 12, 2019 ▶ 35:37 20VC: Carta Founder Henry Ward on Why The Best Companies Are Not Product Led But Distribution Led, 3 Requirements Needed For A New Market/Investment To Be Exciting and Why Small Markets Are So Attractive
Apr 12, 2019
Insight
Henry Ward: A late-stage CEO's job reduces to storytelling and executive hiring
“My job increasingly becomes very specialized. And it's really about two things. One is telling our story to candidates, employees, investors, press, and then two is recruiting executives and keeping the right executives in the right place.”
Henry Ward Apr 12, 2019 ▶ 11:42 20VC: Carta Founder Henry Ward on Why The Best Companies Are Not Product Led But Distribution Led, 3 Requirements Needed For A New Market/Investment To Be Exciting and Why Small Markets Are So Attractive
Apr 12, 2019
Insight
Henry Ward: Founders don't need a high decision batting average to succeed
“And that's been true of me is that I've been wrong more than I've been right. My superpower is I'm very quick to realize it and fix the mistake. So the damage is, I do a good job of damage control on my mistake, but when I am right, I may not have a high batti…”
Henry Ward Apr 12, 2019 ▶ 14:27 20VC: Carta Founder Henry Ward on Why The Best Companies Are Not Product Led But Distribution Led, 3 Requirements Needed For A New Market/Investment To Be Exciting and Why Small Markets Are So Attractive
Apr 12, 2019
Insight
Henry Ward: Unexplained decisions are almost worse than no decisions
“Because if you're making decisions and nobody knows why, that's almost worse than not making the decision.”
Henry Ward Apr 12, 2019 ▶ 13:16 20VC: Carta Founder Henry Ward on Why The Best Companies Are Not Product Led But Distribution Led, 3 Requirements Needed For A New Market/Investment To Be Exciting and Why Small Markets Are So Attractive
Apr 12, 2019
Insight
Henry Ward: Seed stage needs rapid decisions; late stage requires precision
“When you're in the early seed stages, making decisions quickly, learning quickly, being active, and making decisions on the front lines with information that you have, and adjusting quickly is an asset. At the later stages, there are fewer decisions to make on…”
Henry Ward Apr 12, 2019 ▶ 12:44 20VC: Carta Founder Henry Ward on Why The Best Companies Are Not Product Led But Distribution Led, 3 Requirements Needed For A New Market/Investment To Be Exciting and Why Small Markets Are So Attractive
Apr 12, 2019 positive
Insight
Ward: VC fundraising should be structured as a compressed auction
“Fundraising in private markets and venture is an auction process. And so aggregating the auction into a short period of time is part of the strategy because you want to create an auction. You want to create competition. You don't want to drag this out and do t…”
Henry Ward Apr 12, 2019 ▶ 34:19 20VC: Carta Founder Henry Ward on Why The Best Companies Are Not Product Led But Distribution Led, 3 Requirements Needed For A New Market/Investment To Be Exciting and Why Small Markets Are So Attractive
Apr 12, 2019
Insight
Ward: Very few startup executives voluntarily admit reaching their scaling limit
“Very few executives will raise their hand and say they feel like they're tapping out.”
Henry Ward Apr 12, 2019 ▶ 7:25 20VC: Carta Founder Henry Ward on Why The Best Companies Are Not Product Led But Distribution Led, 3 Requirements Needed For A New Market/Investment To Be Exciting and Why Small Markets Are So Attractive
Apr 12, 2019 positive
Insight
Ward: Asking prospective VC investors for pre-investment work tests their quality
“Founders are afraid to ask investors to do work. I think that because they'll turn them off, I would use that actually as a great litmus test to turn them off, because if they don't want to do any work to earn the right to invest, they're not a good investor.”
Henry Ward Apr 12, 2019 ▶ 36:34 20VC: Carta Founder Henry Ward on Why The Best Companies Are Not Product Led But Distribution Led, 3 Requirements Needed For A New Market/Investment To Be Exciting and Why Small Markets Are So Attractive
Sep 2, 2019 positive
Assertion Supported
Messerschmidt: Carta allocated over $8M in equity to correct gender inequality
“He measured his own cap table and he realized that it was not equal. And so he took swift action and he allocated more than eight million dollars in additional equity awards to women to correct the inequalities.”
Jana Messerschmidt Sep 2, 2019 ▶ 35:21 20VC: How Founders Can Gain Leverage in Fundraising Negotiations, The Metrics You Need To Raise Your Series A in Consumer & What We Have To Change About Cap Table Construction with Jana Messerschmidt, Partner @ Lightspeed Venture Partners
Jan 17, 2020 neutral
Assertion Supported
Carta was not the first cap table management company
“And example, I'll use the Henry where he didn't start the first cap table company and nor was he actually building a cap table company from day one. And there, there'd been a dozen or so companies over the last two decades that had been started to go after thi…”
Sumit Gajri Jan 17, 2020 ▶ 16:32 20VC: Portfolio Construction, Optimising SPVs, Opportunity Investing "Between Rounds", Being Distribution-Centric Over Product-Centric and Capital Concentration Within Funds With Sumeet Gajri, Chief Strategy Officer @ Carta
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