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

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The Twenty Minute VC

Finance, Venturecapital, Tech News, News, Siliconvalley, Technology, Investing, Startups, Business

4.4 • 637 Ratings

🗓️ 6 January 2017

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Henry Ward is the Founder & CEO @ eShares, the No 1 cap table management platform providing equity management, 409A valuations and liquidity all in one place. They are backed by leading investors and past guests including USV, SV Angel, Spark Capital, Semil Shah, Manu Kumar, Tim Draper and Kamal Ravikant, just to name a few. Prior to eShares, Henry was Founder @ SecondSight, the first registered investment advisor to go direct to your brokerage and improve your portfolio.

In Today’s Episode You Will Learn:

1.) How Henry made his way into the world of startups and came to found eShares?

2.) How does Henry challenge the notion that investors should have such high fail rates? How does Henry believe investors can build a strong and sustainable portfolio without home runs?

3.) Why does Henry believe that investors will never accept market risk? How much of a role does Henry believe herd mentality plays in the VC ecosystem?

4.) How does Henry view the increasing exit horizons for startups? Is this a problem? How can we create liquidity options pre large exits?

5.) How does Henry view the role of regulation in private markets? How does this differ to public markets? What would Henry like to see change in the VC ecosystem?

Items Mentioned In Today’s Show:

Henry’s Fave Blog: Hacker News

Henry’s Fave Book: The Essays Of Warren Buffett

As always you can follow Harry, The Twenty Minute VC and Henry on Twitter here!

Likewise, you can follow Harry on Snapchat here for mojito madness and all things 20VC.

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Cirrus Insight is a plugin for sales pros who use Gmail and Outlook. It automatically updates activities in Salesforce so you don’t have to. It was named #41 on the Inc. 500 list of fastest-growing companies, and it has more than 1,700 customer reviews on the Salesforce AppExchange. Today, it serves over 150,000 sales people across 5,000 organizations using Gmail, Outlook, iPhone, iPad, and Android. Cirrus Insight is perfect for sales, support, and success teams who want to save time, schedule 3x more appointments, track email opens and much more with Salesforce information at their fingertips in the inbox. www.cirrusinsight.com/20VC

Transcript

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0:00.0	You are listening to the 20 minute VC with your host, Terry Stebbings, at H. Stebbings with 2Bs on Snapchat,
0:05.5	and found pensively writing these days on MahitoVC.com. Now, for the show today, it's our first
0:10.8	founders Friday of 2017, and boy do we have a cracker for you in store today, as we welcome a founder
0:15.8	that has his software literally used by pretty much every investor who's previously been on the show. So I'm delighted to welcome Henry Ward, founder and CEO at E-Share's, the number one cap table
0:25.9	management platform providing equity management, 409A valuations, and liquidity all in one place.
0:32.0	They're backed by the leading investors and past guests, including Union Square Ventures,
0:36.1	SV Angel, Spark Capital, Semil Shah, Manu Kumar,
0:39.9	Tim Draper and Kamal Ravikant, just to name a few. Prior to e-sharez, Henry was found at Second Site,
0:45.3	the first registered investment advisor to go direct to your brokerage and improve your portfolio.
0:50.3	I'd also like to say a huge thanks to past guests, Nav Athwell, as Realty Sharesares and Manu Kumar at K9 Ventures for the intro to Henry today, without which the show would not have been possible.
0:59.8	But before we meet the main man that is Henry, this new year we should be committed to sleeping more.
1:04.0	And that's where Simba Hybrid comes in.
1:05.9	It's the most advanced matches in the world with a unique combination of 2,500 conical pocket springs and responsive memory foam,
1:13.3	it offers the perfect support for two people, a mattress that responds to you and your partner's
1:17.7	sleeping patterns, delivered free with a 100-night sleep trial, free returns and a 10-year guarantee,
1:22.9	so start your free trial at simba sleep.com. Another target of mine for the new year is productivity,
1:28.0	and there's no better way to be productive than with Sirius Insight. It's the plugin for sales
1:32.2	pros who use Gmail and Outlook. It automatically updates activities in Salesforce, so you don't
1:37.6	have to. It was named number 41 on the Inc 500 list of fastest growing companies, and it's
1:42.3	more than 1,700 customer reviews on the Salesforce
1:45.3	App Exchange simply says it all. Today, it serves over 150,000 salespeople across 5,000
1:51.2	organizations using Gmail, Outlook, iPhone, iPad and Android, and Sirius Insight is perfect for sales,
	...

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