The Ledger, every show

Every statement that passed quotation and attribution checks, across all 44 shows. Pick shows below, then mix any filter with any other.

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20VC Prediction Didn’t hold up

Ward: Carta projects $600M base ARR up to $10B revenue by 2025

“Our base case, if none of our bets work out, we think we'll be around six hundred million in ARR, growing 50 to 70% year over year as a software business. If some of our more financial products that we're working on hit, We have a broad spectrum. These are hig…”

Henry Ward Apr 12, 2019 ▶ 38:32 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

SOURCERY Assertion Contradicted

Ward: Private equity market size is 6-8x venture capital

“The market size of private equity is six to eight times the size of venture.”

Henry Ward Aug 6, 2025 ▶ 14:00 Carta CEO Henry Ward on Raising $1B, Path to ~$500M ARR, & the Move into PE · Sourcery with Molly O'Shea

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