Operating with a long-term philosophy is necessary for sustained growth explains the founder of Long-Term-Stock-Exchange
This week on the podcast Bits & Pretzels Editor-in-Chief Britta Weddeling welcomes entrepreneurial superstar Eric Ries, author of New York Times bestseller The Lean Startup, a must have bible for all founders, and initiator of alternative Long-Term-Stock Exchange (LTSE).
Eric’s Lean Startup method has been credited by numerous entrepreneurs for their success and now he shares his most important advice from his decades of experience as serial entrepreneur, startup advisor and investor. Most importantly, he argues that operating with a long-term philosophy is necessary for sustained growth and that the current public capital market system does only serve short-term needs.
That’s why Eric launched the LTSE with the support of powerful Silicon Valley entrepreneurs including Netscape co-founder and VC Marc Andreessen, to support company builders and investors who are taking the lead to sustainable growth as he believes that entrepreneurship is the driving force for changing our future.
And on the show he points out what mindset is helpful to deal with uncertainties not limited to the current coronavirus crisis: From 1) what personality trait is essential for founders and 2) how to apply the lean methodology to philanthropy to 3) how founders can use a recession to grow their business.
03:23: How Eric Ries found his way into entrepreneurship
06:15: Why entrepreneurship is a needed force during the pandemic
09:00: “Why do we have to wait for a crisis to stop wasting people's time?”
10:55: It’ a golden age of lean, agile and fast moving entrepreneurship
15:36: The most important personality trait that founders should develop
21:50: The benefits of long term thinking explained by forests
28:30: Beer Garden Break: Which sector will provide the next innovation?
33:13: Where does Eric Ries get his inspiration from?
36:23: “Real life doesn't make very good movies.”
40:20: Tool Box: Why startups need a good experimental design
41:57: Either-or-game: “I might surprise people by choosing tradition”
Production: Regina Körner, Migo Fecke (professional-podcast.com); Dina Zhakupova