159: Henry Ward & Josh Merrill - CEO of eShares: How To Hire, Manage, & Lead

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 Subscribe on iTunes or Stitcher Radio 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.