Episode 159: Henry Ward & Josh Merrill - CEO of eShares: How To Hire, Manage, & Lead
Henry Ward is the CEO of eShares. Josh Merrill leads product and Marketing at eShares
Hiring Principles:
Hiring means we failed to execute and need help
Startup employee effectiveness follows a power law
False Positives are okay, False Negatives are not
Culture is defined by who we hire
Hiring Heuristics:
Hire for Strength vs Lack of Weakness
Hire for Trajectory vs Experience
Hire Doers vs Tellers
Hire Learners vs Experts
Hire Different vs Similar
Always pass on ego
Episode 159: Henry Ward & Josh Merrill - CEO of eShares: How To Hire, Manage, & Lead
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The Learning Leader Show
“The success of a company is the sum of the people in it."
In This Episode, You Will Learn:
- Patience, long term thinking, and understanding that your success will be determined by the people you surround yourself with will lead to sustained excellence
- Product focused and understanding "The Artist's Dilemma"
- The best produce it for themselves
- How eShares was created
- Why their partnership works so well
- What Josh feels Henry doesn't do well (Interesting moment!)
- Why don't more companies publicly share what they believe in?
- eShares hiring process
- Why you shouldn't hire someone because they are a "culture fit"
- Why you shouldn't have performance plans -- Once you've deemed the person is not working, then fire them immediately
- Hiring for trajectory vs. experience
- How it's similar to the LA Rams drafting Jared Goff with their #1 pick... Being patient to develop him
- How should you grade employees? Don't... Teach them to grade themselves. Don't give people a number grade -- "How am I doing?" "You're doing a 2."
- How to fire someone:
- Give sincere explanation for why
- Don't make it one-sided
- Help them with what's next
- Be intrigued about what you do -- "eShares is a learning experience for me. I'm doing things I've never done before"
“False positives are okay. False negatives are not."
Continue Learning:
You may also like these episodes:
Episode 078: Kat Cole – From Hooters Waitress To President of Cinnabon
Episode 071: Nate Boyer - Green Beret, Texas Football, The NFL
Episode 047: David Marquet - "Turn The Ship Around"
Episode 107: Simon Sinek – Leadership: It Starts With Why
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If you enjoyed hearing Henry Ward and Josh Merrill on the show, please don’t hesitate to send me a note on Twitter or email me.
Episode edited by the great J Scott Donnell
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