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In this episode of Turpentine Finance, Sasha sits down with Eric Ries, author of "The Lean Startup" and founder of the Long-Term Stock Exchange (LTSE)
In this episode of Turpentine Finance, Sasha sits down with Eric Ries, author of "The Lean Startup" and founder of the Long-Term Stock Exchange (LTSE). Ries shares the challenging journey of creating a new national securities exchange designed to promote long-term thinking in public companies. He discusses the obstacles faced in gaining SEC approval, the misconceptions about corporate governance, and why many companies struggle with balancing short-term pressures and long-term vision. Ries offers valuable insights for CEOs and CFOs considering going public or dual-listing, emphasizing the importance of aligning investors with a company's long-term mission. This conversation explores how rethinking capital allocation and corporate structure can lead to more sustainable, successful businesses.
LINKS:
The LTSE: https://ltse.com/
The Lean Startup: https://theleanstartup.com/
RECOMMENDED PODCAST
Founder, entrepreneur, and best-selling author of The Lean Startup Eric Ries discusses how to build profitable companies for the long-term benefit of society. Ries talks with world-class technologists, thought leaders, and executives working to create a new ecosystem of trustworthy organizations with limitless potential for growth and a deep commitment to purpose. Together, they uncover the tools and methods to ensure the next generation of companies are designed to maximize human flourishing for generations.
Guests have included founders from Facebook, LinkedIn, Zapier, TaskRabbit, and many others.
Listen here at: https://www.ericriesshow.com/
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X/SOCIAL:
@sashaorloff
@ericries (Eric)
TIMESTAMPS:
(00:00:00) - Introduction and opening quote from Eric Ries
(00:02:18) - Explanation of what the Long-Term Stock Exchange (LTSE) is
(00:07:11) - Eric's background and journey to founding LTSE
(00:14:29) - The challenge of convincing investors to fund LTSE
(00:16:03) - Sponsors: Netsuite | Rippling Spend
(00:21:47) - Eric's experience navigating the SEC approval process
(00:29:38) - Sponsor: Omneky
(00:31:30) - Discussion on how companies are notified of SEC approval
(00:36:13) - Types of teams LTSE likes to work with
(00:42:36) - Challenges and questions companies ask behind the scenes
(00:50:36) - Brief mention of companies listed on LTSE
(00:53:12) - Advice for CEOs and CFOs thinking about going public
(00:58:36) - The importance of allocating shares to long-term investors
(01:01:21) - What's next for LTSE and Eric Ries
(01:02:49) - Closing remarks and outro
