Eric Ries, author of 'The Lean Startup' and founder of the Long Term Stock Exchange (LTSE), discusses regulatory efforts to reform public market disclosure requirements.
“And the thing you gotta know is, is Long Term Stock Exchange, the company that I founded is the one who filed the petition last year. To the SEC to switch from quarterly.”
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More from Eric Ries
AssertionSupported
Ries: Quarterly reporting destroys roughly 5% of corporate equity value
“So we actually know the valuation consequences of quarterly reporting, and it's roughly a five percent loss of total equity value. Companies are five percent less valuable when they report quarterly than semiannual. So the academic research on this is pretty g…”
Eric RiesMay 26, 2026▶ 11:35The Lean Startup Author on What Ruins Good Companies
AssertionSupported
Ries: Trust-governed PBCs are roughly five times more likely to reach year 50
“They created something called the long-term benefit trust. Which is like a multi-branch government, right? So you have the for-profit PPC, and then you have the board of directors accountable to a second entity, this outside trust, and the data shows that comp…”
Eric RiesMay 26, 2026▶ 18:32The Lean Startup Author on What Ruins Good Companies
Opinion
Ries: Investor-dominated companies underperform due to financial market pressures
“Investor dominated companies really underperform. Precisely because we have this financial system that pull, has this gravitational force that pulls companies down into mediocrity or worse.”
Eric RiesMay 26, 2026▶ 6:18The Lean Startup Author on What Ruins Good Companies
Insight
Ries: Flawed governance nullifies all other startup decisions over time
“If you don't get the governance of a company right, no other decision you make will matter in the long run because you won't be the one making it.”
Eric RiesMay 26, 2026▶ 8:58The Lean Startup Author on What Ruins Good Companies
AssertionSupported
Ries: Meta-study of 55,000 companies links employee ownership to revenue growth
“There was a big meta study of like 55,000 companies with various levels of employee ownership, and they found that employee ownership exhibits dose response. Like, 10% ownership is better than 50% is better than 10, a hundred percent is better than 50. Not jus…”
Eric RiesMay 26, 2026▶ 29:08The Lean Startup Author on What Ruins Good Companies
PredictionNot checkable as stated
Ries: Companies will need to ally with labor to successfully adopt AI
“So I think you're going to see a lot of companies who actually sincerely believe in this possibility, realize that we have to enlist our employees in it. It's essential for our business. We're going out of business. If we don't do it, we need to be allies with…”
Eric RiesMay 26, 2026▶ 30:10The Lean Startup Author on What Ruins Good Companies
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