From the Desk of Eric Ries -- LTSE Edition

From the Desk of Eric Ries -- LTSE Edition

October 17, 2020

  From the Desk of Eric Ries 

LTSE Edition

That's a screen shot of a major milestone for a project I've been working on for more than 10 years: the launch of the Long-Term Stock Exchange. It's up and running, and I'm grateful to everyone who has supported its creation along the way (some of whom you can see above).I continue to have conversations with leaders of all kinds for my podcast, Out of the Crisis. One recent discussion I'm still thinking about was with Tomas Pueyo, who wrote "The Hammer and the Dance" ... The audio, show highlights and resources, as well as a transcript are here. If you're interested, you can find the whole list of episodes and subscribe here.Below are some job listings, some discussions of my work and interviews I've given recently, and a few other things I've been reading.And--one last thing: today only (October 17th), there's a Kindle Daily deal on the eBook of my second book, The Startup Way: How Modern Companies Use Entrepreneurial Management to Transform Culture and Drive Long-Term Growth. You can order it from a number of different sellers for $1.99.

 I hope you, your families, and your communities are safe and healthy.[Hiring]

Silicon Valley Stock Exchange Debuts in Search for First IPOJust Launched: Long-Term Stock Exchange for Companies Building Lasting Impact For All Their StakeholdersDecoding Lean Principles: Eric Ries and the Long-Term Stock ExchangeCNN: Launch Day for the LTSEThe long-awaited launch of the Long-Term Stock Exchange (scroll down)Zig Zag: Eric Ries' Radical Stock Market Experiment[Other Readings]What's missing from corporate statements on racial injustice? The real cause of racism."The truth companies need to grapple with, however, is that racist actions—not racial categories—are what cause discrimination."Singular: Possible Futures of the Singularity in Conversation with GPT-3"Can GPT-3 hold beliefs? Probably not, since it is simply a pile of word vectors. However, these transcripts could easily fool me into believing that it does."Exit to Community: Grafting the lessons of old cooperatively owned companies to the online economy

"You’re either acquired by a larger company or you go public, selling your company on a market where people can trade your shares based on their speculations about what it’s worth. In both cases, you’re passing the company that you’ve worked to build off to new owners, who in turn might be buying it just to convince future buyers to pay even more for it later. What if there were another way? What if a startup that successfully builds a community could opt for an exit to ownership by that community?"

 

Against Environmental Pessimism"Doomsday thinking about the environment has been popular for decades. A rational optimist lays out the many reasons we can be hopeful about the future of the planet."Why does DARPA work?

"DARPA has an incredibly powerful model for innovation in defense research, and I believe an abstract ‘ARPA Model’ could yield similar results in other domains. In this piece I’ll explain in detail why DARPA works. I’ll use that description to feel out and describe to the best of my ability a platonic ARPA Model.  I’ll also distill some of the model’s implications for potential riffs on the model."What is good retention?"Although retention is widely considered to be the most important metric to get right when building (and investing in) a business, it’s also one of the least understood. Why? Because unless you’re a growth expert or an experienced investor, you’re often relying on anecdotes, dated blog posts, and misguided benchmarks."