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The Lean Startup and the Long-Term Stock Exchange (with Eric Ries)
Acquired
Long-Term Investors Aren't Making Block Trades.
Most long-term investors are chronically underweight the companies they really believe in. Once a company is public, they can't do the large block transactions they want to do. The stock price starts to go up and now they've missed their target. Your employees are generally your longest-term shareholders.
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