transcript · 18,378 words

The Lean Startup and the Long-Term Stock Exchange (with Eric Ries)

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Um before we start, Eric, I did have to say uh Did you intentionally pick a building with gigantic stone pillars and a marble lobby to start your stock exchange in? Obviously. I was like, What buildings are you talking about? I'm completely blind to that stuff. No, I have not uh I I did not weigh in on the uh on the decor of the place that we are. Welcome to season five, episode ten of acquired.

the podcast about great technology companies and the stories behind them. I'm Ben Gilbert, and I'm the co-founder of Pioneer Square Labs, a startup studio and early stage venture fund in Seattle. And I'm David Rosenthal, and I'm a general partner at Wave Capital, an early stage venture firm focused on marketplaces based in San Francisco. And we are your hosts. Today we tell the story of an incredibly ambitious undertaking, creating a new stock exchange. A long term stock exchange, that is.

Earlier this year, the LTSE was approved by the SEC as only the fifth body with such a license, and we have with us today none other than the founder and CEO. Eric Reese to talk about it. Welcome, Eric. Thanks, guys. Thanks for having me on. Yeah.

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