2019-05-13

Silicon Valley's LTSE, Long-Term Stock Exchange, Gets SEC Approval

Eric Ries, Founder and CEO, The Long-Term Stock Exchange

Eric Ries, author, The Lean Startup; founder and CEO, The Long-Term Stock Exchange, in conversation with Leigh Gallagher, Fortune.com. Management teams are often pressured to make decisions based on short-term interests and not the long-term potential for their business. Can the public marketplace create better incentives to rid us of our need for fast results in favor of governance that benefits companies, investors, and our communities? Video above published Jun 27, 2018.

Domains: longtermstockexchange.com and ltse.com

34-85828 May 10, 2019 Long Term Stock Exchange, Inc. (Findings, Opinion, and Order of the Commission)
File No.: 10-234
See Also: Notice of Filing of Application for Registration as a National Securities Exchange under Section 6 of the Securities Exchange Act of 1934
"We are building a market where companies are rewarded for choosing to innovate, to invest in their employees, and to seed future growth. And where companies can run their businesses with the stewardship that similarly aligned shareholders, stakeholders and society demand. Our vision is that companies in every industry will be able to go public while continuing to prioritize and pursue strategies for long-term success. That's a step forward for all of us."--Eric Ries, CEO and founder, LTSE 
The U.S. Securities and Exchange Commission on Friday approved the creation of the Long-Term Stock Exchange, or LTSE, a Silicon Valley-based national securities exchange, proposed to the SEC in November 2018, by technology entrepreneur, author and startup adviser Eric Ries, who has been working on the idea for years. He raised $19 million from venture capitalists including Marc Andreessen, to get the project off the ground, but regulatory approval was required to launch and give high-growth technology companies more options to list their shares outside of the traditional New York stock exchanges.


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