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The Long-Term Stock Exchange Opens for Business

blog.ltse.com

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Re: The Long-Term Stock Exchange Opens for Business

#381

Post by kkotak »

eries wrote: post #279
kkotak wrote: post #234

Earlier quoted context omitted.

Agreed. Just like everything else, the ideas hold more power based on who they are coming from. Eric is a stellar individual with a trail of success behind him - and I'm not taking anything away from him with this comment, but if I were to go to a set of worthy investors and corporations pitching this idea - I'd be laughed out of the room as naive.

I don't know if this is as true as you think. First of all, I've been laughed out of a lot of rooms for pitching this idea. Hundreds, by now. Further, although many VC's are indeed herd animals as you seem to suggest, there are a few bold ones who genuinely hunt for new and radical ideas and would be willing to back a first-time founder - if you're willing to do the work.

Thanks for the response Eric. My point is about the audacity of the idea. Specifically, to open a new financial market place of the magnitude it would take to be viable, one would need - 1. significant experience in the space to understand the nuances, what's working, what's broken, etc. 2. Sizable investments and talent for operations (scale, uptime, compliance, etc.), 3. A well thought through G2M strategy (including derivatives, indices, options, day trading, HFT, etc.), 4. A broker network, 5. A true, unambiguous differentiator that is viable, measurable, enforceable, and timely.

Re: The Long-Term Stock Exchange Opens for Business

#382

Post by eries »

jbhatab wrote: post #373

This is one of my top 5 underrated ideas that I'm so excited to see launch. This could redefine the relationship between investors/founders/operators which is clearly driven by quarterly financials. Then go listen to how people like Jeff Bezos think about building strong companies. Clear misalignment. You have to be so strong as a founder that you can resist the urges of the market to think long term. Excited and hop…

thank you!

Re: The Long-Term Stock Exchange Opens for Business

#383

Post by hevelvarik »

Great, creating an equity exchange is a heavy endeavor and I’ve seen no more than a couple of medium posts which speak only to the problem but nothing towards your solution. I’m definitely missing something; where’s the beef? Is there something of your solution that we can read?

Re: The Long-Term Stock Exchange Opens for Business

#385

Post by eries »

maxk42 wrote: post #368
eries wrote: post #363

Earlier quoted context omitted.

Definitely not

You can't just say "Definitely not" and leave it at that. You have to explain why or you come off as a huckster.

I'm happy to clarify further. There is nothing in the summary above that is accurate so I wasn't sure what else to say. Please feel free to ask followup questions, I'll do my best to get to them today

Re: The Long-Term Stock Exchange Opens for Business

#386

Post by eries »

hevelvarik wrote: post #383

Great, creating an equity exchange is a heavy endeavor and I’ve seen no more than a couple of medium posts which speak only to the problem but nothing towards your solution. I’m definitely missing something; where’s the beef? Is there something of your solution that we can read?

Sure. All of the details are available in public filings and on our website. You might start here: https://longtermstockexchange.com/listings

or here: https://longtermstockexchange.com/static/principals_for_lt_s...

or here: https://www.sec.gov/rules/sro/ltse/2019/34-86327.pdf

Re: The Long-Term Stock Exchange Opens for Business

#388

Post by eries »

rytill wrote: post #297
eries wrote: post #221

Earlier quoted context omitted.

Leaving aside some of your odd claims, I’m happy to answer the question. Our definitions and standards are laid out in excruciating detail in our hundreds of pages of legal filings. Here’s a good place to start if you are interested: https://www.sec.gov/rules/sro/ltse/2019/34-86327.pdf Also this may be of some interest: https://longtermstockexchange.com/static/principals_for_lt_s...

You don’t have any key ideas that you can express without linking to “hundreds of pages of legal filings”? His claims are not odd at all, you really haven’t put any effort into distilling the incentive design. It’s not impossible to express complex incentive design or push readers in the right direction to understand this. What is the essence of what is quantitatively or contractually different about LTSE?

Maybe start with the summary? https://longtermstockexchange.com/listings

Or the white paper: https://longtermstockexchange.com/static/principals_for_lt_s...

Or the rules themselves: https://www.sec.gov/rules/sro/ltse/2019/34-86327.pdf

Re: The Long-Term Stock Exchange Opens for Business

#389

Post by technocratius »

yellowbanana wrote: post #387

What are the benefits for a company to list here? What are the current examples of company that exists now that fit that ideal long-term vision?

I expect they'll find capital from investors/shareholders there that will be less activistic in periods of short-lasting economic underperformance

Re: The Long-Term Stock Exchange Opens for Business

#390

Post by eries »

kkotak wrote: post #381
eries wrote: post #279

Earlier quoted context omitted.

I don't know if this is as true as you think. First of all, I've been laughed out of a lot of rooms for pitching this idea. Hundreds, by now. Further, although many VC's are indeed herd animals as you seem to suggest, there are a few bold ones who genuinely hunt for new and radical ideas and would be willing to back a first-time founder - if you're willing to do the work.

Thanks for the response Eric. My point is about the audacity of the idea. Specifically, to open a new financial market place of the magnitude it would take to be viable, one would need - 1. significant experience in the space to understand the nuances, what's working, what's broken, etc. 2. Sizable investments and talent for operations (scale, uptime, compliance, etc.), 3. A well thought through G2M strategy (includi…

I'm not sure I had any of those 5 things when I began this journey, tbh
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