Recode Decode: Long-Term Stock Exchange founder Eric Ries (Live at Code 2019)

Decoder with Nilay Patel

Vox Media Podcast Network

Technology, Business

4.3 • 3.2K Ratings

🗓️ 5 July 2019

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Eric Ries, the founder of the Long-Term Stock Exchange and author of The Lean Startup, talks with Vox.com's Ezra Klein at the 2019 Code Conference. In this episode: The LTSE’s recent SEC approval; what’s the point of a stock exchange and why do we need a new one?; the problem with short-term public markets; how would going public on the LTSE be different for CEOs?; how things would change for employees?; the culture of short-term vs. long-term leadership ownership; the values of “Lean Startups”; what public companies and markets could learn from those values; how to attach companies to more stakeholders; The Enlightened Capitalists and the history of business reform; would the LTSE penalize short-term investors?; and Wall Street’s impatience with R&D. Recode Decode has been nominated for best technology podcast in this year’s People’s Choice Podcast Awards! Cast your vote for Recode Decode at https://www.podcastawards.com/app/signup before July 31st. One vote per category. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	When you drive a Chevy electric vehicle, you're getting more than a way to get from point A to point B.
0:06.0	You're saying goodbye to gas stations and hello to open roads.
0:10.0	With the growing network of public charging stations, you'll be able to charge your EV while you shop, work, or do whatever you want to be doing with your time.
0:17.0	Chevy is making EVs for everyone, everywhere. Go to chevrelay.com slash electric to learn more.
0:24.0	Businesses usually can be risky business, because in today's fast-paced marketplace, just keeping up will make you fall behind.
0:35.0	So if you truly want to get ahead, you need the world's most advanced tech solutions.
0:40.0	At Unisys, their digital workplace solutions are so advanced, they can help you stay ahead of what's ahead.
0:47.0	Whether you need to equip your team to go mobile or launch seamless collaboration for a better employee experience,
0:53.0	Unisys creates flexible tech solutions that raise engagement and productivity, anywhere, anytime.
1:00.0	So there's always another breakthrough ahead. Unisys, keep breaking through.
1:07.0	Rico D-code has been nominated for Best Technology Podcast, and this year's People's Choice Podcast Awards.
1:13.0	Cast your vote for Rico D-code at podcastawards.com slash app slash sign up before July 31st, or just tap the link in the show notes.
1:24.0	Hi, I'm Cara Swisher, Editor at Large Rico. You may know me as the founder of the Mean Startup Movement,
1:30.0	but in my spare time, I talk tech and you're listening to Rico D-code from the Vox Media Podcast Network.
1:35.0	Today, we're going to play an interview from this year's Code Conference, as reclined, talked entrepreneur and author Eric Reese,
1:41.0	who used to be best known for his 2011 book, The Lean Startup.
1:45.0	But recently, Reese may be better known as the founder of the long-term stock exchange, which the SEC recognized as a national securities exchange in May.
1:54.0	You can find full coverage of this interview and everything else from the Code Conference at box.com slash recode.
1:59.0	But now, let's go to the Phoenician Resort in Scottsdale, Arizona, and hear Ezra's interview with long-term stock exchange founder Eric Reese.
2:06.0	Hello! It's great to be here. It's great to be kicking things off, and we're going to try to kick it off with something that is...
2:15.0	I don't exactly want to say it's hopeful, but it can at least frame things in a bit more hopeful of a way.
2:21.0	So I'm pleased to bring up this stage. Eric Reese, the author of The Lean Startup, and the CEO of the long-term stock exchange.
	...

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