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Will Investor Patience for Bad Founder Behavior Finally Wear Thin?

Marc Andreessen oversees 10 tech CEOs on the corporate boards he sits on. Andreessen, a self-proclaimed techno-optimist who often likes to stick it to the tech press when he finds its coverage unfair, probably doesn’t mind that several of those CEOS  are lightning rods for controversy. There’s Mark Zuckerberg at Meta Platforms, Brian Armstrong at Coinbase and, of course, Adam Neumann with his post-WeWork attempt at salvation, Flow. 

Then there’s Henry Ward of Carta. Ward, a classic dreamer-founder type who is close to Andreessen, has been on the march toward building a “Nasdaq for the private markets.” But Ward has now crossed a dangerous threshold by generating more headlines (and writing more of his own Medium posts) related to corporate controversies than to actual progress in his business over the last few years.

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