For almost a decade, Eric Ries has been obsessed with building a Silicon Valley-ified competitor to the Nasdaq and the New York Stock Exchange. He envisioned a modern stock exchange that would speak to today’s tech entrepreneur who wants to run a public company but finds the incumbents too unfriendly.
It was pretty wacky. Until last month, when the SEC blessed Ries’ idea, the Long-Term Stock Exchange, as kosher.
Not wacky enough, apparently https://t.co/dm3uzE4cv9— Eric Ries (@ericries) May 13, 2019
Ries will discuss his new stock exchange at our annual Code Conference in Scottsdale, Arizona, when he sits down with Vox.com editor-at-large Ezra Klein on Monday, June 10, at 2:35 p.m. PT.
Ries might be riding high after finally getting official approval to turn his vision into a reality, but many question marks continue to hover over the LTSE. Will any startups actually sign up for this risk? What exactly is the problem with the status quo? And is a new stock exchange really the right solution to solve the problems with modern markets that Ries is trying to address?
We’ll tackle all of that at Code. At a time when capitalism is being questioned and challenged on the left and the right alike, this is a vital conversation.
In advance, make sure you catch up on the LTSE with my piece on it from last month, when I also talked with Eric. Here’s a look from my colleague Rani Molla at the surge in the number of unprofitable companies now going public. And here’s a story about Uber’s rough first day as a public company, with some thoughts about long-term value as measured by the stock market.
How to watch the full interview: Each and every onstage interview at Code will be available to watch in full on Recode’s YouTube channel in the coming days.
You can also get live updates and breaking news from the stage. Follow Recode on Twitter so you don’t miss a beat. We’ll be live-tweeting our onstage interview with Ries using #CodeCon. We’ll also feature some exclusive behind-the-scenes highlights from the conference on Instagram.
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