|Long-Term Stock Exchange (LTSE)|
|Key People||Eric Ries, Founder and CEO|
Long-Term Stock Exchange (LTSE) is a new stock exchange approved by the SEC on May 10, 2019 that was launched by Eric Ries, a Silicon Valley entrepreneur. Its mission is to give high-growth technology companies more options to list their shares outside of the traditional New York exchanges and reduce short-term pressures on public companies.
It is also designed to appeal in particular to "hot" startups, particularly those that are losing money and want to focus on long-term innovation.
Ries, an author and startup adviser, proposed the exchange to the SEC in November 2018. It is backed by several prominent Silicon Valley figures, including the venture capitalist Marc Andreessen.
Long-Term Stock Exchange was born out of concern from the nation’s tech elite who were frustrated about the public market’s focus on near-term profit. Ries first floated the idea of the exchange in 2011 and helped raise funds for the venture.
The company faced criticism in 2018 by SEC Commissioner Robert Jackson Jr., who said the structure of the exchange could grant founders and early investors in startups too much power at the expense of other shareholders. 
Products and Services
- Eric Ries, Founder and CEO
- Michelle Greene, Chief Policy Officer
- Martin Alvarez, Chief Commercial Officer
- Holly Grant, VP Operations
- U.S. regulators approve new Silicon Valley stock exchange. Reuters.
- SEC Approves new Silicon Valley stock exchange backed by Marc Andreessen, other tech heavyweights. CNBC.
- Silicon Valley Stock Exchange Hits a Roadblock. The Wall Street Journal.