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AcquiredDec 30, 2019

The Lean Startup and the Long-Term Stock Exchange (with Eric Ries)

Summary, books mentioned, transcript quotes, and timestamps for The Lean Startup and the Long-Term Stock Exchange (with Eric Ries) on Acquired.

Guest: Eric Ries

Notable books mentioned: The Lean Startup by Eric Ries, Snow Crash by Neal Stephenson, Crossing the Chasm by Jeffrey Moore, The Innovator's Dilemma

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The Lean Startup cover
Mentioned at 1:19
The Lean Startup
Eric Ries

The host mentions 'The Lean Startup' to highlight how the idea for the LTSE originated while Eric Ries was writing the book. This connection illust…

Snow Crash cover
Mentioned at 11:57
Snow Crash
Neal Stephenson

The host mentions 'Snow Crash' as a shared cultural reference among people in the tech startup scene. It highlights the influence of sci-fi literat…

Crossing the Chasm cover
Mentioned at 19:42
Crossing the Chasm
Jeffrey Moore

The host discusses the importance of customer feedback in product development, referencing 'Crossing the Chasm' as a significant influence on this…

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Episode summary, books & quotes

The Lean Startup and the Long-Term Stock Exchange (with Eric Ries) mentions The Lean Startup by Eric Ries, Snow Crash by Neal Stephenson, Crossing the Chasm by Jeffrey Moore, and The Innovator's Dilemma with timestamps, quotes, and episode context.

Guest: Eric Ries
Episode summary
Season 5, Episode 10: The Lean Startup and the Long-Term Stock Exchange (with Eric Ries) Acquired closes out Season 5 and 2019 with a radical look into both the past and future decades of startup company building, investing and - yes, exiting - in conversation with legendary Lean Startup author Eric Ries. Nine years on from pioneering the now-canonical concepts of product-market fit, minimum viable products, and pivots during the aftermath of the financial crisis, Eric’s new venture at the Long-Term Stock Exchange represents an equally ambitious attempt to rewrite the orthodoxy of how companies and their investors manage liquidity, governance and alignment around longterm value creation. Like Lean Startup a decade before it, can LTSE help address some of the endemic problems in this generation’s startup ecosystem — excessive capital raising, stay-private-longer, dual-class founder hegemony, extreme illiquidity and quarterly earnings myopia? Tune in to find out!
Book mentions6
Media mentions1
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Summary, books mentioned, transcript quotes, and timestamps for The Lean Startup and the Long-Term Stock Exchange (with Eric Ries) on Acquired.

What are the main takeaways from The Lean Startup and the Long-Term Stock Exchange (with Eric Ries)?

These are the strongest takeaways surfaced by the transcript, summary copy, and linked mentions for The Lean Startup and the Long-Term Stock Exchange (with Eric Ries).

  • The conversation centers on customer discovery in marketing.
  • A second recurring theme is dual class share structures.
  • Referenced books include The Lean Startup by Eric Ries and Snow Crash by Neal Stephenson.
  • The strongest audience signal points to Entrepreneurs and startup founders and aspiring entrepreneurs and tech enthusiasts.

Which books are mentioned in The Lean Startup and the Long-Term Stock Exchange (with Eric Ries)?

The Lean Startup by Eric Ries, Snow Crash by Neal Stephenson, and Crossing the Chasm by Jeffrey Moore are the clearest linked books in this episode, each tied back to transcript timestamps and quote cards.

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Topic and sentiment signals

Aggregated from transcript-derived mention metadata for better topical navigation and citation.

Mention sentiment
Deep Dive(3)Critical Analysis(1)Highly Recommended(1)Passing Reference(1)
Audience signals
Entrepreneurs and startup foundersaspiring entrepreneurs and tech enthusiastsMarketers and product developersteam leaders and managersinvestors and corporate governance advocates

Books Mentioned

The Lean Startup cover
Best for Entrepreneurs and startup foundersOften cited around Eric Ries and his book

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.

View mention details
Sentiment: Deep Dive
For: Entrepreneurs and startup founders
Key quote: The LTSE was actually started from an idea that Eric had while writing the book.
The host mentions 'The Lean Startup' to highlight how the idea for the LTSE originated while Eric Ries was writing the book. This connection illustrates the practical application of the book's principles in real-world entrepreneurial ventures.
ASIN: B005MM7HY8
Buy on Amazon
Snow Crash cover
Snow Crash
Neal Stephenson
Best for aspiring entrepreneurs and tech enthusiastsOften cited around entrepreneurship and startups

The speaker mentions that they and their colleagues had all read 'Snow Crash' and the same sci-fi books, indicating its influence in the context of startups and virtual reality.

View mention details
Sentiment: Passing Reference
For: aspiring entrepreneurs and tech enthusiasts
Key quote: we'd all read Snow Crash and the same sci-fi books.
The host mentions 'Snow Crash' as a shared cultural reference among people in the tech startup scene. It highlights the influence of sci-fi literature on their entrepreneurial journeys and aspirations.
ASIN: B00005NZJA
Buy on Amazon
Crossing the Chasm cover
Crossing the Chasm
Jeffrey Moore
Best for Marketers and product developersOften cited around customer discovery in marketing

He was very into crossing the chasm and the innovators dilemma.

View mention details
Sentiment: Deep Dive
For: Marketers and product developers
Key quote: Was he influenced by crossing the chasm? Yeah. Yeah. Yeah. He was very into crossing the chasm and the innovators dilemma.
The host discusses the importance of customer feedback in product development, referencing 'Crossing the Chasm' as a significant influence on this perspective. They highlight how the book emphasizes the need for marketers to engage with customers to inform product roadmaps, contrasting it with traditional engineering approaches.
ASIN: 0887305199
Buy on Amazon
The Innovator's Dilemma cover
Best for Marketers and product developersOften cited around customer discovery in marketing

He was very into crossing the chasm and the innovators dilemma.

View mention details
Sentiment: Deep Dive
For: Marketers and product developers
Key quote: It's about what they tell you.
The host discusses the importance of customer feedback in product development, referencing 'The Innovator's Dilemma' to highlight a shift in thinking about marketing and engineering collaboration. This book is mentioned as a foundational text that influenced the approach to understanding market needs versus technical capabilities.
ASIN: B0CY78H4Q1
Buy on Amazon
Four Steps to the Epiphany cover
Best for team leaders and managersOften cited around team development strategies

I just remember buying copies of four steps epiphany for like everyone on my team and be like, well, everyone read this on Friday.

View mention details
Sentiment: Highly Recommended
For: team leaders and managers
Key quote: I just remember buying copies of four steps epiphany for like everyone on my team and be like, well, everyone read this on Friday.
The host emphasizes the importance of the book 'Four Steps to the Epiphany' by sharing their experience of distributing it to their entire team. This suggests that the book contains valuable insights that the host believes everyone should absorb.
ASIN: B010CLGP5A
Buy on Amazon
One Share, Two Votes cover
Best for investors and corporate governance advocatesOften cited around dual class share structures

There's a big Wall Street Journal article about this book called One Share, Two Votes, basically like how hedge funds, they borrow extra money like right at the last second before a proxy contest to get extra votes like that day.

View mention details
Sentiment: Critical Analysis
For: investors and corporate governance advocates
Key quote: there's a big Wall Street Journal article about this book called One Share, Two Votes, basically like how hedge funds, they borrow extra money like right at the last second before a proxy contest to get extra votes like that day and then get it.
The host discusses the implications of dual class share structures and mentions the book 'One Share, Two Votes' to highlight the controversial practices surrounding voting rights in corporations. The book serves as a critique of how hedge funds manipulate voting systems, emphasizing the need for a more equitable approach to shareholder participation.
ASIN: 059381410X
Buy on Amazon

Movies & Documentaries Mentioned

Movie

The Social Network

Confidence: 90%

The speaker reflects on their experience during the early days of a startup, comparing it to the first half of the movie, The Social Network Experience.