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ISSUE – Aug. 30| The Long-Term Stock Exchange raises $50 million in new funding

The Long-Term Stock Exchange has raised $50 million in Series B funding led by Founders Fund, with new investors joining existing ones like Andreessen Horowitz, Obvious Ventures, and Initialized Capital.

Why it matters: Silicon Valley’s big tech “startups” have increasingly delayed going public, in part because of the pressures of quarterly performance they must explain to stockholders. The LTSE, a brainchild of “Lean Startup” author Eric Ries, seeks to build a stock exchange without these traditional short-term pressures. [ Axios ]

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