Before we start, Eric, I did have to say, did you intentionally pick a building with gigantic stone pillars and a marble lobby to start your stock exchange in?
Obviously I was like, what building is he talking about?
Do we have.
I'm completely blind to that stuff.
No, I have not.
I did not weigh in on the decor of the place.
Welcome to Season 5, Episode 10 of Acquired, the podcast about great technology companies and the stories behind them.
I'm Ben Gilbert and I'm the co founder of Pioneer Square Labs, a startup studio and early stage venture fund in Seattle.
And I'm David Rosenthal and I'm a general partner at Wave Capital, an early stage venture firm focused on marketplaces based in San Francisco.
And we are your hosts.
Today we tell the story of an incredibly ambitious undertaking creating a new stock exchange, a long term stock exchange that is.
Earlier this year, the LTSE was approved by the SEC as only the fifth body with such a license.
And we have with us today none other than the founder and CEO Eric Ries to talk about it.
Welcome, Eric.
Thanks guys.
Thanks for having me on.
Yeah, yeah, yeah.
Listeners, you may know Eric's name from his popular 2011 book, the Lean Startup.
The LTSE was actually started from an idea that Eric had while writing the book.
And there are a couple paragraphs at the end that explore it.