“Too much of our startup industry has devolved into a feeder system for giant media companies and investment banks. Part of the giant media companies and investment banks. Part of the reason established companies struggle to invest consistently in innovation is intense pressure from public markets to hit short-term profitability and growth targets.”
This is so true. Our current stock exchanges run by financially focussed shareholders, media companies, banks, and greedy short term traders cannot help the innovations to sustain for long. When companies get scaled and enter public markets, they tend to slow down and change their focus on addressing market-related issues to increase their market cap. This is insanely true. Eric proposes a new exchange “Long Term Stock Exchange” to combat this issue. I support that idea.