300 Investor Rejections And 1 Failed Startup Led This Entrepreneur To Build A $1 Billion Business

, he describes how he has launched more than one company, raised $147.8 million from top tier investors, and his take on the art of being an entrepreneur.Henry Ward is the CEO and founder of Carta, a highly successful startup that has raised hundreds of millions of dollars from top VCs, though he has had quite a journey on the way up.

Despite his best efforts and well over a year in the making, it flopped, even after getting a funding commitment for $500k. He missed the excitement of controlling your own destiny that entrepreneurship offers, and spent several months looking for new ideas. It was then that the investor who offered to back his previous venture brought him the idea that would become eShares and then Carta.We learn a lot from failing that can really help us take things to the next level. After his first startup attempt, Ward knew what not to do in the first 18 months of this new company.

Carta’s seed round was $1.8 million. The Series D was $80 million. A total of about $147.8 million has been raised to date. Those investors include Meritech, Tribe Capital, Union Square Ventures, Spark Capital, and Menlo Ventures

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300 Investor Rejections And 1 Failed Startup Led This Entrepreneur To Build A $1 Billion BusinessEntrepreneurship can be more than a marathon. It’s a decathlon. Knowing when to quit or persist can be an art. Raising funding for a startup can be a formidable game. Henry Ward is an entrepreneur who knows this all too well. Hey kudos to this guy. Inspiring. I'd never give up! Would like to know henrysward's 5 things. 'I have my 5 things that have to be true, and I do this today because we launch new products all the time, so I have my checklist of 5 things that we have to have conviction around before we go launch this new product into a new market.'
Source: Forbes - 🏆 394. / 53 Read more »