SEC approves a fellowship created for technology start-ups

The green light required modifications before the LTE could receive the blessing of the SEC. LTSE companies will be permitted to list shares on other stock exchanges.

A number of companies have announced their intention to be listed on the stock market when it goes online, although LTSE creator Eric Ries has declined to name them. However, if participation is sufficient, the platform could influence how the world of technology becomes public. Many companies wait a decade or more (including Uber) before submitting an offer, which means that their most dramatic growth is likely over. The LTSE could shorten this period and give the high tech companies the money and time they need to turn their ideas into reality. While this may lead some high-risk companies to go public, this could also help with promising concepts that would otherwise have to rely on private donors for a chance.