Eric Ries
Founder & CEO, Long-Term Stock Exchange. On 10 shows, 11 appearances. The Shows tab opens the full record on each.
authorfounderexecutivehost@ericries ↗LinkedIn ↗theleanstartup.com ↗Wikipedia ↗
Eric Ries is an entrepreneur and author best known for pioneering the Lean Startup methodology and writing The Lean Startup. He is the founder of the Long-Term Stock Exchange and co-founder of Answer.AI.
10shows
11appearances
219statements
52resolved
37supported
4contradicted
71%fully supported
61said about them ↓ Everything Eric Ries said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Ries: Organizations must embed ethical promises into structural governance
“If you want your organization to be trustworthy, the promises it makes, if you want to win the public's trust by making promises they can believe, you have to embody those promises in the structure of the organization itself, so that even if you weren't there,…”
Ries: In some European nations, 25% of public companies are foundation-controlled
“In, in, in certain European countries, it's actually like, 20 or 25% of the companies like public companies are all structured that way.”
Ries: Candidates fail when asked when a best practice does not apply
“My favorite interview question of all time is to ask people to describe a best practice that they learned in their career, and to really get into it. Like, tell me the story of how you learned the best practice, like how, you know, whatever, whatever, and you …”
Ries: Coherent product design requires a single leader making cross-department trade-offs
“The most important thing you have to do in a product is make trade off decisions. And if you just let people make their own trade off decisions, it's totally different. It's really difficult to have any kind of coherent design like thrust. And so the idea is l…”
Ries: Retention requires synthetic notifications, organic notifications, or internal positioning
“And it's actually, there's not that many things it can be. Like, it might be because you gave them a synthetic notification, like, hey, please come back to my product, and they did. It could be because some kind of organic notification took place, like, that i…”
Ries: PayPal's payment notification email click-through rate is second only to Facebook's
“One of the most successful customer emails of all time is PayPal's You've Got Money. Click here to take the money. It's like, it has a very high click-through rate, maybe second only to Facebook. Someone has tagged you in a photo.”
Ries: Lean Startup is about efficient use of proceeds, not low cost
“It's not about low cost. It's about efficient use of proceeds.”
Ries: Delayed IPO timelines locking retail investors out of growth is a travesty
“All growth companies, the average time to becoming public has gone way, way, way up. That means that the great public has been blocked out of the ability to invest in growth, and everyone, I'm sure your listeners know this phenomenon very well, but it's a trav…”
Ries: LTSE listings guarantee full public market liquidity
“Because we're a stock exchange, we're integrated with the financial system to such a degree that companies that list with us can be guaranteed the same access to the full liquidity of the public markets.”
Ries: LTSE strips tenure rewards from investors who loan or swap shares
“But like, let's say you build a total return swap, or you loan the shares out for shorts, or you do any activity that builds a derivative out of the economic ownership of the share, that automatically deregisters you from the ledger that we maintain on behalf …”
LTSE restricts specific comp instruments and mandates alignment disclosure
“So we have principles around certain compensation instruments that companies can't do. And generally require companies to disclose how they've created interest alignment between executives and their long-term investors.”
Ries: Incumbent exchanges pursue listings to drive trading volume, not for fees
“The reason that incumbent exchanges want listings so badly is not actually for the listing fees, but for the extra trades that it generates on their platform.”
Eric Ries: LTSE operates as a high-margin, low-volume business
“We think of our business as a high margin, low volume business. We're happy to make money by selling services, data, technology, directly to companies and their long term investors.”
Ries: Spent five years unsuccessfully trying to give LTSE concept to incumbents
“I tried for almost five years to give this idea away for free to the incumbent exchanges. I didn't want to build a stock exchange. It's a real pain. You know, it's a lot of work. That's not what I want to do with my time, but I couldn't get any of the incumben…”
Ries: Even correct entrepreneurial visions usually have fatal strategy flaws
“If you get the real story with actual entrepreneurs, what you discover is that even if the vision is right on and they see the future, the specifics of the strategy often have fatal flaws.”
Ries: Entrepreneurs can now rent the means of production to scale
“We are now living through a time where you can rent the means of production, which means that if you want to test an idea, if you want to start something in your dorm room at Harvard, You know, just because you started small doesn't necessarily mean it can't s…”
Ries: Open platform strategies create smaller pieces of larger aggregate markets
“If you make those tools available to other people so that you don't have complete control, if you turn it into a platform, if you give people open access, the sum total of the creative power that you unleash when you do that means that you have a smaller piece…”
Ries: Forecasts are accurate only when extrapolated from stable history
“A forecast is accurate only to the extent that it is an extrapolation from a long and stable operating history.”
Ries: Functional silos block enterprises from spending $2M to commercialize breakthroughs
“These companies can spend through their technology readiness level, you know, analysis and portfolio, like they can do the smart research to spend five, 10, 15, fifty million dollars To have a breakthrough. And then they often are not able to spend the like tw…”
Ries: Consumer services will all be tech-enabled within 10 years
“I know that five or 10 years from now, the person who provides me this service, it's going to be technology enabled. It's going to be developed and According to these principles, it's going to be rapidly evolved to suit my needs.”
Ries: Continuous corporate disruption requires hundreds of simultaneous experiments
“If you want to have a new successful disruption every couple of years, you need to have hundreds of experiments going at any one time.”
Ries: Traditional upfront project management systems are obsolete
“That system of managing work is not a good one for our time. Maybe it was a good, maybe it made sense in a different era, but it really doesn't make sense now, and there is a better way.”
Ries: Lean Startup provides neutral ground across corporate functions
“Lean startup has created a neutral terrain where different functions can come together to do this, and I think there's just a natural resistance to doing a methodology from someone else's function.”
Ries: Entrepreneurial transformation is a management problem, not a technology problem
“This, before it is anything else, is a management issue. It is not a technology issue. It is not a process or tools issue. It is really about how do we manage people. Most companies have all the raw material they need to work in this more entrepreneurial way”
The other half of the tape: Eric Ries's own voice is left out of every number here. Other people bring the name up 58 times in 34 episodes across the shows. 3 statements on the record name them. every mention, with the transcript →
Who brings them up most Harry Stebbings 7Rob Walling 6Garry Tan 6Scott Cooper 5Jeremy Howard 5Greg Isenberg 5Mike Maples, Jr. 4Alistair Croll 3
Statements about Eric Ries, by other people (3)
Isenberg: Lean Startup landing page validation no longer works in AI era
“The lean startup by Eric Ries talks about how you don't need to actually build anything. You can put a landing page, you can send traffic to it. And based on that, you know, you can figure out what to build. I don't think that works anymore. I think that it's …”
Kupor: Eric Ries is collaborating with policymakers on Long Term Stock Exchange
“Eric is working with a lot of folks in DC to think about this concept of, he calls it the long-term stock exchange, but again, similar idea, which is how do we incent both management teams and employees, as well as incent shareholders to kind of think longer t…”
Andreessen recommends 'Lean Startup', 'Hard Thing About Hard Things', 'Zero to One'
“The Lean Startup book by Eric Reese is very, very good and that book should be read front to back. Second is, ah, Ben Horowitz's book, The Hard Thing About Hard Things, I can't recommend too highly. And the third is Peter Thiel just wrote a book called Zero to…”
Every mention by year
tap a year for its mentions
20VC 21
Startups For the Rest of Us 8
the a16z Podcast 7
Lenny's Podcast 5
Latent Space 5
the Startup Ideas Podcast 5
Capital Allocators 4
the Y Combinator Startup Podcast 3
2026 4 mentions in 3 episodes 1 per episode
2025 6 mentions in 4 episodes 2 per episode
2024 14 mentions in 5 episodes 3 per episode
- Answer.ai & AI Magic with Jeremy Howard
- Mike Maples Jr. - Identifying Startup Pattern Breakers (EP.406)
- Just evil enough: Subversive marketing strategies for startups | Alistair Croll
- Episode 700 | Playing the Long Game
- $1M Startup Trends For 2024, With Michael Karnjanaprakorn
- every mention in 2024, scene by scene →
2023 3 mentions in 3 episodes 1 per episode
2022 1 mention in 1 episode
2021 1 mention in 1 episode
2020 3 mentions in 2 episodes 2 per episode
- 20VC: Floodgate's Mike Maples on 3 Key Breakthroughs Startups Experience in Success, The Rise of Angel and Operator Funds, Multi-Stage Funds Re-Entering Seed Investing and The Insight Development Framework
- Episode 496 | " The Press Cover Expectations. Don't Compare Yourself to Slack or Zoom"
- every mention in 2020, scene by scene →
2019 6 mentions in 3 episodes 2 per episode
2018 2 mentions in 2 episodes 1 per episode
- 20VC: The Core Lessons From Building a 150 Startup Angel Portfolio, Why Founders Who Angel Invest Have Such Strong Advantages and Why The Lean Startup Makes Less and Less Sense Today with Adrian Aoun, Founder & CEO @ Forward
- 20VC: Why The Current Crop Of VC Does Not Understand Design, Why Product Market Fit Is A Liquid Not A Solid & How Graduates Can Optimise Their Career for Personal Development with Steve Vassallo, General Partner @ Foundation Capital
- every mention in 2018, scene by scene →
2017 8 mentions in 5 episodes 2 per episode
- 20VC: eShares' Henry Ward on Why Portfolio Theory Is Wrong? Why Investors Will Never Take Market Risk & Why You have To Have A Line of Sight To A $Bn Outcome
- 20VC: Oren Zeev on Why Diversification Does Not Work, Thesis Based Investing Is Sceptical & Partners Mostly Stay Together For LPs
- 20VC: What Is Core To The Best Investor - Founder Relationships, The Biggest Risk For Founders In The Early Days & Why EQ Is The Most Important Trait For Managers with Jack Altman, Founder & CEO @ Lattice
- Your Whole Goal Is to Not Quit - Courtland Allen of Indie Hackers · Y Combinator
- How Should Business Schools Prepare Students for Startups? – Jeff Bussgang and Michael Seibel · Y Combinator
- every mention in 2017, scene by scene →
2016 8 mentions in 3 episodes 3 per episode
- 20VC: Garry Tan on The Biggest Takeaways From Advising 700 Companies @ Y Combinator & Why Now Is The Golden Age For The Early Stage?
- 20VC: Why The Best CEO's Are The Best Capital Allocators, How You Can Build A Business In A Space You Are Not Passionate About & When Is The Right Time To Put The Pedal To The Metal with Josh Hannah, General Partner @ Matrix Ventures
- 20VC: The 4 Required Powers For A Startup To Be A $500m Business with "The Most Powerful Woman in Startups", Ann Miura Ko, Co-Founder @ Floodgate
- every mention in 2016, scene by scene →
One line per show, most statements first. The link opens Eric's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| LENNY'S PODCASTLEDGER | Founder & CEO, Long-Term Stock Exchange | 2 | 70 | 62% 13/21 | full record on Lenny's Podcast → |
| a16zLEDGER | Founder & CEO, Long-Term Stock Exchange | 1 | 34 | 50% 1/2 | full record on the a16z Podcast → |
| Y COMBINATORLEDGER | Founder & CEO, Long-Term Stock Exchange | 1 | 23 | 60% 6/10 | full record on the Y Combinator Startup Podcast → |
| CAPITAL ALLOCATORSLEDGER | Founder & CEO, Long-Term Stock Exchange | 1 | 21 | 100% 1/1 | full record on Capital Allocators → |
 MIXERGYLEDGER | Founder & CEO, Long-Term Stock Exchange | 1 | 18 | 100% 6/6 | full record on Mixergy → |
| STARTUP IDEASLEDGER | Founder & CEO, Long-Term Stock Exchange | 1 | 17 | 67% 2/3 | full record on the Startup Ideas Podcast → |
 TBPNLEDGER | Founder & CEO, Long-Term Stock Exchange | 1 | 13 | 100% 4/4 | full record on TBPN → |
| STARTUPS FOR THE REST OF USLEDGER | Founder & CEO, Long-Term Stock Exchange | 1 | 10 | 100% 3/3 | full record on Startups For the Rest of Us → |
| 20VCLEDGER | Founder & CEO, Long-Term Stock Exchange | 1 | 9 | 50% 1/2 | full record on 20VC → |
| LATENT SPACELEDGER | Founder & CEO, Long-Term Stock Exchange | 1 | 4 | — | full record on Latent Space → |