Ries: Amazon's long-term orientation as a public company is a singular anomaly
Eric Ries · Eric Ries – Lean Start-Ups and the Long-Term Stock Exchange (Capital Allocators, EP.107) · Aug 26, 2019 · at 20:37
Eric Ries discusses whether public companies can maintain a long-term horizon under current corporate governance.
0:00 / 0:08exact quote · 9.0s
720p mp4 · rendered on demand · StarZero watermark
“And people are like, well, Jeff Bezos thinks long-term. I'm like, ok, but then you study the history of Amazon. That's a very unusual, singular situation that's unlikely to ever be repeated in history.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Eric Ries
Ries: LTSE Requires Boards to Track and Publish Stakeholder Metrics
“So we require companies to, at the board level, identify a committee of the board who has a fiduciary obligation to identify who the company's key stakeholders are. Identify what are the effects that you want to have on those stakeholders, then have the compan…”
Ries: Companies not governed for the long term are worth less money
“If companies are not governed for the long term, then they're worth less money. They're distracted. People are playing the beat and raise game. They are distracted from their fundamental mission of serving customers. Therefore, they're worth less money. Theref…”
Ries: Public company stock surveillance data is inaccurate and delayed 90 days
“Stock surveillance can tell you approximately who your investors probably were 90 days ago. It's time delayed. It's not very accurate. It's not what is needed.”
Ries: LTSE enables direct block transactions at 50 bps versus standard 5%
“So we have a mechanism that allows the long-term and certified long-term investors of a company to bid directly to the company, purchase stock directly from them, and we can consummate that transaction after market close for more like 50 basis points rather th…”