# Long-Term Stock Exchange Long-Term Stock Exchange is an other based in United States. ## Overview - **Organization type:** other - **Headquarters:** United States - **Region:** North America - **Assets under management:** Undisclosed - **Website:** ltse.com - **LinkedIn:** https://www.linkedin.com/company/ltse ## Regulatory record - **Reports private funds:** No ## About The Long-Term Stock Exchange is the business ecosystem helping visionary private and public companies drive long-term profit with purpose and impact. It offers a principles-based exchange with SEC-approved long-term listing standards covering stakeholders, strategy, compensation, governance, and investors. LTSE provides trading, private markets, and related services designed to support long-term value creation rather than short-term gains. ## People - Eric Ries — Founder and Executive Chairman ## Questions ### How does LTSE enforce its long-term principles on listed companies? The exchange's five principles are embedded in its listing rules, which the SEC has approved. Companies must adopt measures such as multi-year director compensation, board oversight of long-term strategy, and stakeholder-focused disclosure. LTSE can suspend or delist issuers that fail to comply or provide required reporting, making the principles a binding regulatory covenant rather than a voluntary pledge. ### What is the relationship between LTSE's public exchange and its private-markets practice? LTSE operates its public exchange and private-markets arm as complementary channels. The private-markets team provides cap-table management, governance software, and round-closing services to late-stage companies; the public exchange then offers those companies a listing path where the governance infrastructure they built in private becomes a compliance asset under LTSE's rules. ### Is LTSE structured as a venture-backed company or a market utility? LTSE is a venture-backed corporation that owns and operates a registered national securities exchange. This hybrid structure is unusual: the parent company raised traditional venture capital from investors such as Founders Fund and Collaborative Fund, while its exchange subsidiary operates as a self-regulatory organization overseen by the SEC. ### Which companies have listed on LTSE since its launch? Early listed issuers included Twilio and Asana (per SEC filings, 2020). Asana joined the exchange alongside a direct listing, while Twilio transferred its existing listing from the NYSE to LTSE. The exchange has since pursued additional transfers and new listings, though it has not disclosed a full, up-to-date roster publicly. ### How does LTSE's market model differ from Nasdaq or the NYSE? LTSE's matching engine is designed for a quiet end-of-day auction process, dampening intraday volatility and reducing the signaling role of tick-by-tick price movements. The exchange does not compete on co-location speed or high-frequency order flow; its pitch is that the microstructure should reward long-horizon investors rather than algorithmic traders. ### Does LTSE operate outside the United States? No. LTSE is registered as a national securities exchange under the Securities Exchange Act of 1934 and operates only within the United States. Its private-markets service also serves U.S.-based late-stage companies, though many are globally active. ### What is Eric Ries's role at LTSE today? Eric Ries is the Founder and Executive Chairman of LTSE. He also hosts 'The Eric Ries Show,' a podcast interviewing CEOs and founders on long-term governance, which operates separately from the exchange but reinforces its market-positioning message. ## Related profiles - [Relay](https://altss.com/profile/relay) - [Moneyfarm](https://altss.com/profile/moneyfarm) --- Last updated: 2026-08-11T15:07:19.634Z Canonical page: https://altss.com/profile/long-term-stock-exchange Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology