Who we are
We believe in a capital markets system that supports innovation, so we're building just that.
The Long-Term Stock Exchange (LTSE) is filing with the SEC to become a new national securities exchange.
In 2010, Eric Ries was deep in the research for The Lean Startup when he noticed a pattern emerging from his
hundreds of conversations with management teams: most felt pressured to make choices in service of short-term
interests, even at the cost of the long-term potential of the business. He realized that this
"gravitational pull" was the product of misaligned incentives in the public marketplace.
The relentless emphasis on fast results creates a lose-lose proposition for both companies and
investors ‐ not to mention the economy. It was this insight that inspired the LTSE.
The LTSE represents a new approach to governance designed for the mutual benefit of companies and investors.
Through a collection of listing standards, software tools, and advocacy, we're reinventing the public company
experience by introducing novel approaches to executive compensation, shareholder voting, disclosure practices,
board and stakeholder policies, and community governance.
We're a diverse team of over 30 professionals with deep expertise in the realms of finance, technology,
regulation, and law. We practice the Lean Startup methodology and are intensely committed to improving the status quo.
Entrepreneur and New York Times best-selling Author, Eric Ries, is best recognized for
pioneering the Lean Startup movement. A leading Silicon Valley and business blogger he is
founder and cohost of the annual Lean Startup Conference and serves on the advisory board
of a number of technology startups and venture capital firms. Eric received his BS in
Computer Science from Yale.
Chief Policy Officer
Michelle brings legal, policy, and operational expertise to her role as Chief Policy Officer.
Her experience includes serving in senior roles at the New York Stock Exchange and the US Department of
the Treasury, as a consultant with McKinsey & Co., Inc. and as a securities lawyer.
She is a graduate of Dartmouth College and Harvard Law School.
Marcus is a product designer and entrepreneur. A graduate of the Royal College of Art in
London, Marcus worked at IDEO San Francisco and in 2004, co-founded IMVU.com with Eric
Ries. In 2010, he left IMVU to head User Experience at Rypple.com - acquired by Salesforce
in 2011. Most recently he served as Design Lead at Highway1, the premier hardware startup
Chief of Staff
Holly brings a diverse set of financial, operational, and transactional expertise to her role.
She manages internal operations, investor relations, and various strategic
initiatives. Prior to the LTSE, she supported Raul Fernandez on running, growing, and
investing in businesses ranging from sports to
fashion to tech. She has a BA in Foreign Affairs from the University of Virginia.
Tiho is a serial product builder and is passionate about tools that help people work
smarter. Most recently Tiho served as the CTO at Nitro, a smart document productivity
company at the intersection of big data, natural language processing, and machine learning.
In 2008, Tiho was a founding engineer at Rypple, a social performance management platform
later acquired by Salesforce.
Head of Marketing
Sheila brings brand, marketing and research expertise to her role at LTSE.
She comes to us from Facebook where she was Head of Global Brand Strategy, and had built the brand and
product research team. Sheila previously held strategy and marketing roles at eBay, Gap Inc., and Landor.
Sheila holds a BA in art history and psychology from Vanderbilt University.
VP Technical Operations
Zoran has been building the technical foundations of the US equities markets since 2006.
As Global Head of Operations at NASDAQ, Zoran led numerous successful system implementations.
In 2012 he joined IEX as Head of TechOps and helped create a new stock exchange.
After 20 years in technical roles, he continues to discover new methods of
gracefully adapting to complex system failure.
Manager, Special Projects
At LTSE, Lydia works on projects ranging from research and policy to exchange operations.
Lydia began her career as a business analyst at the NYSE, where she worked on NYSE's electronic block
trading platform and in sales and relationship management before helping to develop and grow the
corporate responsibility team. Lydia has a BA in Economics from Columbia University.
Hyon's experience ranges from writing the first lines of code to building
engineering teams. Hyon strongly believes that great engineering culture
stems from mutual respect, continuous constructive feedback, and diversity. His most
recent startup, Peer, was acquired by Twitter in 2016. Hyon holds
Bachelors and Masters degree in Comp Science from MIT.
Software Eng Manager
Beth has written code for everything from networking for real-time video
understanding systems at BAE Systems to a serverless donation page platform for Hillary Clinton's
presidential campaign. She is a proponent of collective code ownership,
automated testing, user experience design, and inclusive culture.
She has a BA in Theater from Smith College.
Fin Markets and Policy Specialist
Carolyn comes to LTSE's policy team from the White House Office of Management and Budget where she
served as the Deputy Associate Director of Legislative Affairs. Carolyn has also worked in management
consulting and has spent time on Capitol Hill and the U.S. Department of Commerce.
She received her Bachelors degree in Political Science from Syracuse University.
Pavitra has both founding team and public company experience.
He comes to the LTSE with experience in building cloud platforms and scaling infrastructure operations.
Previously, he's implemented SLAM to build fully autonomous indoor flying robots for reconnaissance.
He received his Masters degree in Computer Science and Engineering from Santa Clara University.
Sr Software Engineer
Tom comes to the LTSE with years of experience building cross-platform web applications at IMVU.
He also leveraged VR to accelerate the prototyping and development of construction and
forestry machinery at John Deere, and military ground vehicles at BAE Systems.
Tom received his Bachelors degree in Computer Science from Clarke University.
Director of Product Management
Ray brings his broad experience in business, engineering and design to LTSE.
He started his career in Sales and Trading at Merrill Lynch. He has helped grow teams,
customer satisfaction and revenue at 10-person startups and Fortune 50 firms.
Prior to LTSE, Ray headed the human interface teams at Yewno to build a search engine backed by artificial intelligence.