Eric Ries, an entrepreneur and author of 'The Lean Startup,' is building a "long term stock exchange" (LTSE) designed to reward long-term business strategy and shareholding. Ries believes that such an exchange will help minimize the pressure of quarterly results, while providing the liquidity of trading on a public exchange. The company has raised money from venture capitalist Marc Andreessen, tech publisher Tim O’Reilly, and Aneesh Chopra, who served as the United States’ first chief technology officer.
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San Francisco Entrepreneur and Author of 'The Lean Startup' is Developing a New Stock Exchange
Ries said the LTSE would have a number of differences from a traditional stock exchange. Key ones include: - Tenured shareholder voting power, meaning that a shareholder’s votes would be proportionately weighted by the length of time the shares have been held - Mandated ties at listed companies between executive pay and long-term business performance - Additional disclosure requirements that allow companies to know who their long-term shareholders are and investors to know what investments the company is making
