by wmf on 1/26/24, 12:37 AM
LTSE Equity appears to be kind of a side project of the main LTSE Exchange which is not shutting down.
by lopatin on 1/26/24, 1:08 AM
So LTSE is like a private investors club for companies with "long term purpose"? But as the FAQ says the companies have to already be listed on the NYSE or Nasdaq. So if you can access LTSE trading, you'll be able to arbitrage the stocks, which sounds completely antithetical to the idea of LTSE but how do they stop it?
by sebastiennight on 1/26/24, 2:59 PM
They just sent an email sending customers notice that they're offloading the customer base to Astrella.
As a customer I need to figure out whether I want to opt in, by January 31st at the latest.
Luckily, there is an Astrella demo webinar every week ! (And the next one is... on January 31st in the evening).
I would call this a short deadline.
by Gaessaki on 1/26/24, 4:07 AM
Welp, there goes another SaaS platform in our corporate ops toolchain. Anyone have a recommendation for a tool to handle the cap table for an early-stage cooperative with several hundred members that won’t cost us an arm and a leg? Excel?
by mifeng on 1/26/24, 5:08 AM
In which the guy who wrote The Lean Startup builds the most unlean startup possible.
by xtracto on 1/26/24, 2:14 AM
So, what happens if I have shares in there from a previous company? Would my account be automatically migrated to the new provider? Do I have to contact the company ? :(
by arthurcolle on 1/26/24, 9:16 AM
I wonder if this is related to the Carta scandal that recently happened. Just suspicious timing amongst the "startup elite crowd"
by xwowsersx on 1/26/24, 12:37 AM
Long-ish
by swyx on 1/26/24, 12:53 AM
editorialized title. this reads like "the LTSE is shutting down" whereas its basically LTSE getting out of their cap table business confusingly called "LTSE Equity", presumably following the Carta drama of a few weeks ago. core LTSE business is fine.
it's also noteworthy that their chairman/founder Eric Reis is now also cofounder of Answer.ai, so perhaps his personal focus is shifting a bit? idk, probably reading too much into a chairman's activities vs company focus.