Huge milestone for @ericries and the @ltse team ?? https://t.co/qqtl6r2bli

— Ryan Hoover (@rrhoover) May 11, 2019

Very interesting.

“SEC approves Silicon Valley stock exchange backed by Marc Andreessen” https://t.co/sNJlUw8mLY

— Bilal Zuberi (@bznotes) May 10, 2019

“Ries says the public market's focus on short-term results leads to a decline in innovation, something LTSE wants to reverse.” https://t.co/UDDX2b50Ho

— Martin Bryant (@MartinSFP) May 10, 2019

Long Term Stock Exchange is now approved by the SEC!

? Let startups go public earlier
??‍♂️ Prevent short-term corporate raiders from strip-mining small-to-mid-cap IPOs
?? Let the public participate in tech gains
?? Add transparency/liquidity to startupshttps://t.co/dxKyW2QyAN

— Garry() (@garrytan) May 10, 2019

Over the last 100 years the US has refined a public market system predicated on short-term thinking / action by its most important companies.

This puts our global leadership at risk, and incentivizes exploitation of people and the environment.

Its about time for an LTSE. ?? https://t.co/7gZJ1NcM7z

— Ryan Begin (@ryan) May 11, 2019

Markers are getting interesting now that Silicon Valley is about to have its own stock exchange.

Is this where are the Tech IPOs are going?

And will they have #Crypto Trading pairs? https://t.co/vlu4aeNrQd

— ? Digital Lawrence (@DigitalLawrence) May 11, 2019

I’m sure someone has made this point already—probably @ericries—but another way to think about LTSE is democratization of venture capital. VC, by its nature, is long-term oriented.

— Erik Berlin (@sferik) May 11, 2019

This is great news: @WSJ reports that @ltse cleared to become 14th U.S. Stock Exchange. Very happy to have @ericries and this team in the @Initialized community. Long-term all the way!https://t.co/NP3iSmNIFe pic.twitter.com/nBDLGl0FPn

— Alexis Ohanian Sr. ? (@alexisohanian) May 11, 2019

LTSE aims to create a stock exchange that encourages its listed companies to focus on achieving long-term, strategic goals instead of trying to hit quarterly earnings targets. https://t.co/n3Uiqey3Cc via @WSJ

— Kate Milani (@KateMilani) May 10, 2019

Interesting! “One of the platform’s unique, and potentially contentious, proposals is its focus on long-term voting rights: the idea is that shareholders will be granted more voting power the longer they own a stock.” https://t.co/2VlqBsHkf2

— Christopher Allen (@ChristopherA) May 11, 2019

Can someone ELI5 how LTSE has an advantage or is differentiated beyond geography and imposing more rules on its listed companies? Can't any of the public companies listed on other exchanges optionally adopt the LTSE's requirements? If shareholders care, they can demand anything? https://t.co/tRSBPl4vHD

— Jesse Powell (@jespow) May 10, 2019

“We’ve seen that the strongest founders in our portfolio perform best when they’re planning for the next five to 10 years, not just the next quarter,” @briansin tells @aosipovich https://t.co/gVCbsSl3ve

— LTSE (@ltse) May 10, 2019

What is the "public market's focus in near-term profit"? Is that a joke?

First, a lot of "unicorns" (lol) are aged as hell and still unprofitable after years and years.

Second, it's the VCs pushing them to be profitable fast or lose funding.

https://t.co/6nCJvLvsyz

— Heidi N. Moore (@moorehn) May 11, 2019

Any takers on a bet that the first company being listed on @ltse is a @ericries or @a16z portfolio company?https://t.co/ozC5Y44xOv

— Anthony Zhang ? (@anthonyjz17) May 10, 2019

New development in #leanstartup world #startups https://t.co/E12yHwfnkF

— Randy Fisher (@randyfisherCAN) May 11, 2019

The SEC today approved a new stock exchange based in Silicon Valley, known as @ltse It's @ericries 's bold idea for the first exchange in the country's startup capital since the Pacific Exchange closed more than a decade ago.
Details @Reuters https://t.co/bk1l1oVakE

— Heather Somerville (@heathersomervil) May 10, 2019

This is going to be very interesting. I hope it catches on. | U.S. regulators approve new Silicon Valley stock exchange - Reuters #LTSE https://t.co/g4vMJf6T9z

— Tal Golan (@talgolan) May 11, 2019

SEC approval of the Long-Term Stock Exchange “will give high-growth technology companies more options to list their shares outside of the traditional New York exchanges,” writes @heathersomervil https://t.co/Oz9h3cDhr7

— LTSE (@ltse) May 10, 2019

Very interesting.

U.S. regulators approve new Silicon Valley stock exchange - Reuters https://t.co/k1sttczhag

— Victor Asemota (@asemota) May 10, 2019

https://t.co/PbAf9OGjLz @lancewiggs did you see that? I'm so happy for @ericries that he finally got it off the ground!

— Nat Torkington (@gnat) May 11, 2019

#SiliconValley gets its very own long term stock exchange which is very different from New York Stock Exchange and for good. #LTSE gets a go from #SEChttps://t.co/4uNjZrF48V

— Neev (@neev28) May 10, 2019

U.S. regulators approve new Silicon Valley stock exchange https://t.co/zhBE0vxGtK

— Africa Updates (@africaupdates) May 11, 2019

Letter from the CEO of the newly approved LTSE Stock Exchange > A stock exchange for a new generation of public companies https://t.co/FeOR8tPKc2

— Joe Saluzzi (@JoeSaluzzi) May 10, 2019

Congrats to @ericries and the @ltse team on having your Form 1 approved by the SEC! https://t.co/dorVog5pa1 pic.twitter.com/VQ4NTsGnS7

— James (@jamesg_oca) May 10, 2019

The Long-Term Stock Exchange gets SEC approval for Silicon Valley-friendly platform — We must design institutions that create better long term incentives. Good news https://t.co/a7P4927kRh

— Fernando Lelo Larrea (@ferlelo) May 11, 2019

Silicon Valley will soon get its own stock exchange https://t.co/3p3PlhY54J

— Quartz (@qz) May 10, 2019

Long-Term Stock Exchange (YC S17) gets SEC approval: https://t.co/wwcVHKRxmp

— Y Combinator (@ycombinator) May 10, 2019

The Long-Term Stock Exchange gets SEC approval for Silicon Valley-friendly platform — Quartz https://t.co/MnGXQHOLEY

— Chris Arsenault (@chrisarsenault) May 11, 2019

but how could it possibly function without a blockchain or a token? https://t.co/RwDTUy0toy

— Meltem Demirors (@Melt_Dem) May 10, 2019

Silicon Valley will soon get its own stock exchange https://t.co/YxoohrbmrJ

— Don Quixote Corleone (@haberk2002) May 11, 2019

Fascinating to see @ericries’s vision for The Long-Term Stock Exchange become a reality with SEC approval https://t.co/vBFpTC3xjs

— Sachin Rekhi (@sachinrekhi) May 11, 2019

Silicon Valley will soon get its own stock exchange https://t.co/J7kegmVkek via @qz

— Bartek Gola (@GolaBartek) May 11, 2019

Silicon Valley will soon get its own stock exchange - Quartz https://t.co/El4j5txBN8 via @nuzzel thanks @DesaiAshu

— こーじん (@kojinoshiba) May 11, 2019

Long-Term Stock Exchange (#LTSE) was approved by #SEC to become a #stockexchange. @EricRies, CEO at LTSE: "We are building a market where companies are rewarded for choosing to innovate, to invest in their employees, and to seed future growth”
More here: https://t.co/5kOHNtMEs7

— Sergio A. Escobar (@SergiusEscobar) May 11, 2019

#LTSE aims to create a #StockMarket exchange that encourages its listed companies to focus on achieving long-term, strategic goals instead of trying to hit quarterly earnings targets. #fintech https://t.co/jggCdZ4XIb

— MarketsMuse (@MarketsMuse) May 11, 2019

新しい「株式市場」を作るよ！byピーターティールやマークアンドリーセン等に米SECからGo出たらしい。

新しい株式市場！？にも驚きだが、long-term votingとして「長期株主により議決権を」という概念を検討してるのもめちゃ新鮮。

そもそも株式市場が13個あることも驚きwhttps://t.co/rQjogtijdN

— おゆ?ママリ (@shunsuke00) May 11, 2019

すごい、新しい証券取引所の認可。
“LTSE’s vision is to create a stock exchange that encourages its listed companies to focus on achieving long-term, strategic goals instead of trying to hit quarterly earnings targets. “ https://t.co/gnFjhjGdBU

— mosa / 榎本 (@mosa_siru) May 11, 2019

?? Green light for @ltse from the SEC!

"A market where companies are rewarded for choosing to innovate, to invest in their employees, and to seed future growth." -@ericries https://t.co/GW3RRMt4oC

— Obvious Ventures (@obviousvc) May 10, 2019

Silicon Valley-Backed Venture Cleared to Become 14th U.S. Stock Exchange https://t.co/LrNtDPHqZS

— Danielle Morrill (@DanielleMorrill) May 11, 2019

Today, the SEC approved @LTSE, designed to encourage companies to focus on long-term, strategic goals rather than on quarterly earnings targets. https://t.co/g9hCR7DvHG

— Aspen Institute Future of Work Initiative (@AspenFutureWork) May 10, 2019

Congratulations @ltse @ericries on the SEC approval for the Long-Term Stock Exchange. What a visionary achievement! https://t.co/MswUl1URhD

— Tim O'Reilly (@timoreilly) May 10, 2019

Congratulations! @ericries' @ltse receives approval from the Securities and Exchange Commission to operate a national securities exchange.https://t.co/ItLcSVw5rH pic.twitter.com/sZBA2ibBPN

— Lean Startup Co. (@leanstartup) May 11, 2019

One of Ripples biggest investors?

Wait for it ?

SEC approves Silicon Valley stock exchange backed by Marc Andreessen https://t.co/CPVgcGWiRT

— Ian Northing (@Ianbins) May 11, 2019

Thoughts @elonmusk?https://t.co/RqEsMsoVGU

— Bev Scott (@bevvscott) May 11, 2019

SEC approves Silicon Valley stock exchange backed by Marc Andreessen https://t.co/IrliBungd9

— CryptoDashXRP X⚡️?XRP.?????? (@Crypto_DashXRP) May 11, 2019

This backed by ⁦@pmarca⁩ is quantumly more interesting than the Uber IPO: SEC approves Silicon Valley stock exchange backed by Marc Andreessen https://t.co/a3GHEYyJ2F

— Kara Swisher (@karaswisher) May 11, 2019

SEC approves Silicon Valley stock exchange backed by Marc Andreessen https://t.co/rnzoIoxXbn

— Ash Lilani (@AshLilani) May 11, 2019

There was a lot of news today but this should be talked about more: SEC approves stock exchange backed by ⁦@pmarca⁩ with focus on Long Term over quarterly results. Interesting work from ⁦@ericries⁩ and team! https://t.co/3DfL9w5IBr

— Scott Taylor Howard (@STHoward) May 10, 2019

SEC approves Silicon Valley stock exchange backed by Marc Andreessen / Excellent idea. https://t.co/FpuqRy53SG

— Antony Slumbers (@antonyslumbers) May 11, 2019

The @longnow philosophy, put to use! #WorthWatching

CNBC: SEC approves new Silicon Valley "Long Term" stock exchange backed by @ericries @pmarca, other tech heavyweights.https://t.co/RajcHoYzPo

— Jeff Garzik (@jgarzik) May 11, 2019

A16Z is a top VC firm, Mark Andreessen has been right about a lot of things in the past.

A16Z changed its licence from VC to financial advisors just to be able to trade #Crypto among other things. Connect the dots.https://t.co/4wscQh6KL8

— Jonathan Habicht ? (@HabichtJonathan) May 11, 2019

The Uber news overshadowed this today, but this is highkey a game changer. Wonder if funds could be listed here as well, similar to how it’s done in UK, ie @DraperEsprit. https://t.co/YibjZznghU

— Arlan ?? (@ArlanWasHere) May 10, 2019

Markers are getting interesting now that Silicon Valley is about to have its own stock exchange.

Is this where are the Tech IPOs are going?

And will they have #Crypto Trading pairs? https://t.co/vlu4aeNrQd

— ? Digital Lawrence (@DigitalLawrence) May 11, 2019

Congrats @ltse ! This is exciting.https://t.co/CfuN4B1kco

— Geoff Lewis (@justGLew) May 10, 2019

This is huge- @ericries new west coast stock exchange was approved by regulators https://t.co/DDDeEvUfea

— Saku Panditharatne (@asteroid_saku) May 10, 2019

https://t.co/7QFxqZC8Fj

This is huge.. and let me show you why.

— #FFFFFF (@Leporidae369) May 11, 2019

Learn it. These companies may smooth startups’ path to the public market — if they don’t kill each other first https://t.co/tFgtAito58 via @techcrunch #tech #digital #data #business pic.twitter.com/YKRv5UqUKr

— Kohei Kurihara Blockchain CMO (@kuriharan) May 11, 2019

Silicon Valley wants to build a stock exchange that would incentivize long term growth over quarterly earnings “beats”, and give shareholders MORE voting power the longer they hold their shares.

Regulators have given the green light. What do you think? https://t.co/tHfcNc6tR2

— Ritholtz Wealth (@RitholtzWealth) May 12, 2019

We're hitting peak tech-hubris again.

The irony here is that a stock exchange creates liquidity, yet in the same breath this exchange seeks to reward long-term investor patience. #LTSEhttps://t.co/6PfFxXrWFD

— Ali Al-Salim (@alialsalim) May 12, 2019

Interesting idea. U.S. regulators approve new Silicon Valley stock exchange https://t.co/Jg65iNd1JO

— Guy Kawasaki (@GuyKawasaki) May 11, 2019

It’ll be interesting to see how the LTSE accumulating voting power rules work in practice. At first blush it sounds a lot like dual-class stock: founders could continue to control their companies even after collaring or otherwise hedging a position. https://t.co/XVNAxbGpf0

— Jacob Ma-Weaver (@cablecarcapital) May 11, 2019

Interesting... on the one hand, it’s cool that someone is thinking about better governance for shareholders of tech companies. On the other hand... is this just a new and creative way for VCs to dump their bags onto retail investors? ? https://t.co/MZyizP0yIk

— Ashleigh Schap (@ashleighschap) May 11, 2019

The LTSE would be the 14th in the US! — Disruptive approach worth considering for Small and Mid Cap listings. https://t.co/AeYYsQJgmq

— Arturo J Saval (@ArturoSaval1) May 12, 2019

The SEC just approved @ltse!

LTSE is a new exchange that incentivizes long term investing in value creating companies.

This could help drive a much needed shift in corporate behavior from short term profits to building value for the world!https://t.co/0lYhVHdlgE

— Ashu Desai (@DesaiAshu) May 10, 2019

リーンスタートアップの著書で知られるエリックリースがCEOを務めるLong-Term Stock ExchangeがSEC承認。キャップテーブル管理などスタートアップ向け各種ツールを提供するばかりか、SVのエコシステムを変えかねない資本市場を実装。長期株式保持者の権利を強くしているそうhttps://t.co/6TQjWureTz

— Ken Nishimura / 西村賢 (@knsmr) May 11, 2019

“LTSE’s vision is to create a stock exchange that encourages its listed companies to focus on achieving long-term, strategic goals instead of trying to hit quarterly earnings targets.” https://t.co/YwnSt4QnqB

— Harry Alford3 (@HarryAlford3) May 11, 2019

Bangalore Tech Exchange

Move over Nasdaq, Silicon Valley Stock Exchange is approved: https://t.co/GUZ20rm3hN

Time to think of a “India Tech Exchange”, based either in Koramangla or Gurgaon?@amitabhk87 @buzzindelhi @amitranjan @vijayshekhar @TheSwamy @ganeshk03 @ChapmanLizzie

— Rajesh Sawhney (@rajeshsawhney) May 12, 2019

I’m no expert, but sounds smart to me. Congrats ⁦@pmarca⁩ ! “SEC approves Silicon Valley stock exchange backed by Marc Andreessen” https://t.co/4hnI3GHvgB

— Michael McFaul (@McFaul) May 12, 2019

Silicon Valley will help companies go public earlier. Clear competitive advantage: more employee stock liquidity (= more talent), better governance (= more ambitious bets), larger investor pool (= more people invested in your success) go @pmarca @ericries https://t.co/PHz3oQOUeK

— Adrien Guilmineau (@aguilmineau) May 11, 2019

This is huge. But it will all depend on how they end up implementing it. Execution is the key. - SEC approves Silicon Valley stock exchange backed by Marc Andreessen https://t.co/V8TQemfJrh

— Bojan Tunguz (@tunguz) May 11, 2019

LTSE - "Long Term Stock Exchange"

Prohibits publishing quarterly guidance
More voting rights if u have held for longer period
Emphasizes sustainability

All Rules to support public cos struggling with short term interests of transient shareholders (1/n)https://t.co/Xi6tS7YNu8

— Palaniappan (@Relier) May 11, 2019

SEC approves Silicon Valley stock exchange backed by Marc Andreessen https://t.co/THkqY2sf10

— Chris Skinner (@Chris_Skinner) May 11, 2019

SECがシリコンバレー証券取引所（LTSE）を承認。これから数年でスタートアップの上場環境に変化が起こりそうな兆し https://t.co/csY3JOsgwF

— Daisuke兵衛 (@dean201001) May 12, 2019

これはすごく時代を変えそうな動き。確かにスタートアップがどんどん生まれ世の中は変わってきたけど、その上場先の証券取引所は変わってない。短期的な利益を生み出す経営ではなく、創業者による長期的な成長を重視した経営を推し進める新しい証券取引所。根本から変わる。https://t.co/ELclDWhKNA

— 渋谷 修太 | Fuller CEO (@shibushuta) May 11, 2019

This is exciting and big!

This creates a market that reduces short-term pressures and encourages a steady cycle of innovation and investment in long-term value creation would benefit companies and their investors alike.https://t.co/kBWwFouG8M

— Surina Shukri (@iSurinaShukri) May 11, 2019