Eric Ries: Long-Term Stock Exchange
Companies that operate with a long-term mindset tend to outperform their peers over time. But the pressure to achieve short-term quarterly gains often works against longer-term sustainable growth, and can push even the most visionary company into a short-term mindset. In 02019, the Long-Term Stock Exchange was approved as the country’s 14th and newest stock exchange. It offers a new framework for companies to raise capital while keeping their focus on long-term results. By requiring participating companies to accept a set of governance standards and incentive systems that deprioritize the short-term, the Long-Term Stock Exchange hopes to reward investments and business strategies that focus on a longer time horizon. Eric Ries is the founder and CEO of Long-Term Stock Exchange. He created the Lean Startup methodology and is author of The Lean Startup and The Startup Way. Ries founded IMVU and served as an Entrepreneur-in-Residence at Harvard Business School, IDEO, and Pivotal.