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/
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
(00:42:36) - Challenges and questions companies ask behind the scenes
(00:50:36) - Brief mention of companies listed on LTSE
(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
"Tech Finance" with Sasha Orloff: B2B Fintech | AI | Finance Tech 