eries

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391.
by eries 7y ago
Yes, that’s feasible and even today a company could adopt a system like that (instead of one where certain insiders automatically have complete voting control for life). We are considering a range of proposals for future listing standards a
392.
by eries 7y ago
No Some of the standards we hope to file in the future could affect the volume of shares available for short activity, but that would be an indirect consequence of encouraging longer holding periods. Edit: indeed. But we don’t do anything t
393.
by eries 7y ago
Yes. (Technically “delisting” is not the right verb to describe this, but you’re on the right track.) The rules also will allow companies to dual list across LTSE and other exchanges.
394.
by eries 7y ago
Stay tuned
395.
by eries 7y ago
https://hbr.org/2018/02/study-when-ceos-equity-is-about-to-v...
396.
by eries 7y ago
There used to be a time in the distant past when growth companies were financed with ordinary people’s retirement savings for just this reason.
397.
by eries 7y ago
We will share more details on the technical implementation soon.
398.
by eries 7y ago
It’s astonishing to me how clear this is in the research literature: https://corpgov.law.harvard.edu/2019/04/30/short-term-invest...
399.
by eries 7y ago
Stay tuned. This initial approval is for the base set of listing standards that are similar to other exchanges (that’s just how the process works). Over time we will add more, but we can’t share the details until we get further in the regul
400.
by eries 7y ago
I cite this fact all the time when talking to people about how capital markets have changed dramatically. But even I find it hard to remember the actual numbers. They are so mind boggling by modern standards. It wasn’t that long ago!
401.
by eries 7y ago
I think so too :)
402.
by eries 7y ago
Thanks!
403.
by eries 7y ago
Hey everyone, Eric Ries here, founder and CEO of LTSE (and also you may remember me from such roles as the Lean Startup guy). Day one of approval has been kind of exhausting with all the attention but I wanted to stop by this thread and say
404.
by eries 8y ago
How does it know what’s business related?
405.
by eries 8y ago
I’ve wondered when someone would do this. Great idea How does it work?
406.
by eries 8y ago
I’ve probably helped ten people start a company using Stripe Atlas over the past two years. I know some of them have grown frustrated with SVB and switched banks, but I don’t know any of them who’ve had a bad experience like OP did. Just th
407.
by eries 8y ago
I wish more technical founders would read this: http://www.startuplessonslearned.com/2009/07/principles-of-p...
408.
by eries 9y ago
Confirmed, it’s great
409.
by eries 9y ago
Our goal is not to reduce trading
410.
by eries 9y ago
I guess we’ll see. Thanks for the kind words
411.
by eries 9y ago
This book is wonderful even apart from its interest in Long-Term thinking
412.
by eries 9y ago
Yes, although companies can dual list too
413.
by eries 9y ago
Thanks
414.
by eries 9y ago
Not yet- we have to secure SEC approval before any of that can happen.
415.
by eries 9y ago
I guess I don’t understand what you want to know.
416.
by eries 9y ago
The LTSE is part of what’s called the National Market System, so our stocks still trade on other exchanges. We don’t limit the ability of traders to access the stock.
417.
by eries 9y ago
Unlikely
418.
by eries 9y ago
We hope in time that better rules will help alleviate the liquidity crisis that is freezing up SV. That said, I don’t think A/B round companies should generally be public
419.
by eries 9y ago
Our rules are not limited to direct owners, as your question assumes. Many institutional investors are fans too
420.
by eries 9y ago
Even incumbent Exchanges make money a lot of other ways today

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